Latest news
BP criticized by the British energy regulator
The Wall Street Journal reports that the British Health and Safety Executive, a British energy regulator, sharply criticized the energy giant, BP for keeping to perform workings in the North Sea without taking into account the considerable operational risks and being unconscious about the safety norms at oil rigs in the North Sea.
read more... 04/02/2011
SSE acquires gas assets from Hess
Scottish and Southern Energy (SSE) agreed to perform an acquisition of natural gas production assets in the North Sea from Hess Corporation’s European unit. The cost of the transaction is £278 million and will include 18% stakes hold by Hess Corporation in a gas pipeline operated by BP.
read more... 03/02/2011
BP and Rosneft sign offshore exploration agreement
European oil giant BP has concluded a deal with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. The agreement provides the development of three of Rosneft's offshore license exploration blocks-- EPNZ 1,2,3 in northern Russia.
read more... 18/01/2011
BP examines the possibility of drilling a new well in the Caspian Sea.
BP, the largest foreign investor in Azerbaijan which operates the technical aspects of the project on the development of the Shah Deniz gas field wants to build new production well in the Caspian Sea.
read more... 30/12/2010
OPEC expects increase in global oil consumption in 2011.
OPEC forecasts an increase in the global oil consumption by 1.2 million bpd to 87.11 million bpd in 2011.
read more... 16/12/2010