Latest news
The U.S administration approves the first deepwater drilling permit since BP oil spill
The U.S. administration declared on Monday that it has authorized the new deepwater oil drilling permit in US waters of the Gulf of Mexico.
read more... 03/03/2011
TNK-BP offers to buy a BP stake for £5bn
The Times newspaper declared on Wednesday that TNK-BP, a joint strategic partnership, has offered to buy a 5 percent stake in BP for 5 billion pounds trying to solve the controversial dispute over the BP’s proposed deal with Rosneft.
read more... 03/03/2011
Hyundai Heavy wins a major-FPSO deal from BP
Hyundai Heavy Industries, the world’s largest shipbuilding company has landed a huge FPSO (floating production storage and offloading) new building order from European oil major, BP. It is the first FPSO order in the world market which is worth around $1.2 billion.
read more... 01/03/2011
BP is looking for buyers as it wants to sell two of its famous lubricant brands.
The oil giant, BP has announced that it is planning to sell Duckhams and Veedol, the engine lubricant brands, both with a long tradition in the U.K.
read more... 24/02/2011
BP to buy a $7.2 billion stake in India’s Reliance Industries
The British oil giant BP declared on Monday that it is interested in buying a stake in oil and gas blocks into India’s Reliance Industries. The total amount of the transaction is estimated to around $7.2 billion and with this acquisition BP hopes to gain a significant position in the Asian country after the Gulf of Mexico oil spill.
read more... 22/02/2011