BP announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate. more

Feb 12, 2018 10:48 AM Offshore & Marine

BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. more

Feb 6, 2018 9:23 AM Refining/Petrochemical

An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to capitalize on its opening of the energy sector, the central plank of its economic agenda. more

Jan 19, 2018 12:00 AM Drilling & Exploration

BP said on Tuesday it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs to around $65 billion. more

Jan 16, 2018 3:54 PM Drilling & Exploration

Looking back at 2017 with BIC Magazine. Here are the top 10 most-read articles online for the year. more

Jan 5, 2018 8:55 AM Refining/Petrochemical

Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, but expects a long-term boost from the corporate-friendly tax rates. more

Jan 3, 2018 7:00 AM Refining/Petrochemical

Britain’s biggest and most important oil and gas pipeline Forties should resume normal flows around the new year, slightly earlier than previously flagged, its operator Ineos said... more

Dec 29, 2017 8:34 AM Pipeline/Transportation

The loading dates of Forties oil cargoes, which help set the global Brent benchmark, have been delayed by at least two weeks and further hold-ups are likely, trade sources said, following the unplanned closure of the North Sea Forties pipeline. more

Dec 18, 2017 9:55 AM Pipeline/Transportation

Britain’s largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new two-year highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country. more

Dec 12, 2017 8:00 AM Pipeline/Transportation

BP plans to build its third plant for blending lubricants in China for about 1.5 billion yuan ($227 million) as it looks to meet the country’s rapidly growing demand. more

Dec 7, 2017 9:34 AM Downstream

GE sells to SUEZ; United Rentals acquires Neff Corp.; American Industrial Providers acquires Brock Group; ExxonMobil acquires Permian Basin terminal; BP to sell Pinnacle Midstream; New Jersey Resources acquires pipeline; LINN Energy to sell... more

Dec 5, 2017 12:57 PM M&A/Investment Banking Articles

Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. more

Dec 4, 2017 10:40 AM Upstream

With the start-up of the massive Khazzan field in Oman, six of BP’s seven major projects for 2017 are now online – and six of those total seven are natural gas projects. more

Oct 19, 2017 8:30 AM Natural Gas

BP Midstream Partners LP, a limited partnership formed by an indirect, wholly-owned subsidiary of BP p.l.c., has commenced the initial public offering. more

Oct 18, 2017 9:24 AM Midstream

Reintroduction of iconic retail brand supports company’s global downstream growth strategy more

Oct 13, 2017 8:45 AM Refining/Petrochemical

McCarthy completes BP's largest lump-sum labor contract, utilizes United Association labor more

Oct 9, 2017 3:10 PM Maintenance & Reliability

Phase One of major tight gas project to deliver 1 bcf/d gas to Sultanate of Oman. more

Sep 25, 2017 9:57 AM Upstream

BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the Deep Water Portion of the Gunashli Field. more

Sep 14, 2017 4:18 PM Upstream

Mexico field to be a significant new source of U.S. natural gas supply. more

Sep 6, 2017 7:00 AM Upstream

As BP starts up the fifth of seven major projects in 2017, regional president Norman Christie explains how new production will make a difference for the islands’ domestic energy supplies. more

Aug 16, 2017 10:01 AM Upstream

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