bp has started up its Atlantis Major Facility Expansion project in the US Gulf of America, adding two subsea water injection wells to boost reservoir pressure, unlock additional production and extend the life of the offshore asset. ...
bp and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have agreed terms for TPAO to acquire a 15 per cent interest in BP Energy Company of Kirkuk (BP ECKL), strengthening cooperation on the redevelopment of major oil and gas fields in Iraq’s Kirkuk region....
BP is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait Investment Authority, and Qualitas Energy, a private equity firm focused on green energy, as the energy major sharpens its focus on oil and gas to bolster returns, said a report. ...
bp has reached an agreement to sell its mobility, convenience and electric vehicle (EV) charging businesses in Austria to volenergy. The deal includes 250 bp branded retail sites, of which around 115 are company owned and franchise operated, as well as electric vehicle charging infrastructure and the associated fleet business....
bp and ConocoPhillips have agreed terms for ConocoPhillips to acquire a 42 per cent interest in BP Energy Company of Kirkuk Limited (BP ECKL), supporting the redevelopment of several large-scale oil fields in the Kirkuk area of northern Iraq....
bp has agreed to sell bp Ventures’ minority stakes in more than 10 energy technology companies to Verdane, subject to approvals. The deal supports portfolio simplification and disciplined capital allocation, with completion expected by the second quarter of 2027....
bp has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada, to Equinor. The transaction is consistent with bp’s continued focus on portfolio simplification and disciplined capital allocation....
Oil and Natural Gas Corporation (ONGC) and bp have signed a new Technical Services Contract for ONGC’s Western Offshore Basin, expanding their collaboration beyond Mumbai High to one of India’s most important hydrocarbon-producing regions....
Eni, through its joint venture Azule Energy, has taken the final investment decision (FID) on the Greater PAJ Project, a major offshore oil development in Angola’s Blocks 31 and 31/21, marking a key expansion in the country’s upstream sector....
SLB announced that its OneSubsea joint venture has been awarded a contract by bp to provide a subsea boosting system for the Thunder Horse project, a development in the deepwater portion of Gulf of America....
British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns. ...
bp and partners signed three Indonesian Production Sharing Contracts, increasing bp’s block participation to 11. Two blocks near Tangguh LNG in Papua Barat offer exploration potential, while bp joined INPEX-operated Barong block in East Java....
bp confirmed its entry into a production sharing agreement (PSA) for six blocks in the North Ustyurt region of Uzbekistan. The agreement includes the Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq and Qulboy blocks....
bp has agreed to acquire a 60 per cent interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio....
bp has announced a gas and condensate discovery offshore Egypt following the drilling of the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean....
Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand. ...
bp agreed to sell its Gelsenkirchen refinery and related businesses in Germany to Klesch Group, advancing its strategy to streamline operations, strengthen finances, and support cost reductions targeting $6.5–$7.5 billion by 2027....
bp confirmed gas production start-up from Angola’s Quiluma field, part of the New Gas Consortium (NGC), operated by Azule Energy. This marks continued successful project launches and exploration achievements for the bp‑Eni joint venture. ...
Corteva and bp announced the launch of Etlas, their new 50:50 joint venture that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like sustainable (or synthetic) aviation fuel (SAF) and renewable diesel (RD)....
Following a strategic review, bp has agreed to sell a 65 per cent stake in Castrol to Stonepeak for an enterprise value of $10.1 billion, reflecting an EV/LTM EBITDA of 8.6x and highlighting the business’s growth potential....
