Energy, Oil & Gas

bp sells 5pc stake in Aker BP

bp has executed the sale of 5 per cent of its 15.9 per cent shareholding in leading independent Norwegian oil and gas producer Aker BP at a price of NOK 311 per share, raising gross proceeds of approximately NOK 9.83 billion ($1.06 billion). ...

Energy, Oil & Gas

bp completes sale of 65pc Castrol stake to Stonepeak for $6bn

bp has completed the sale of a 65 per cent stake in Castrol to Stonepeak for $6 billion, with proceeds directed towards reducing financial obligations. Castrol will operate independently, while bp retains a 35 per cent interest....

Energy, Oil & Gas

bp identifies hydrocarbons at Tupinambá exploration well offshore Brazil

bp has reported the presence of hydrocarbons at an exploration well in the deep-water Tupinambá block in Brazil’s Santos Basin, notifying the Brazilian National Agency for Petroleum, Natural Gas and Biofuels (ANP) of the discovery....