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R Cluster gas project : Reliance and BP begin production from Indian gas field

R Cluster gas project : Reliance and BP begin production from Indian gas field

Indian conglomerate Reliance Industries Limited (RIL) and its partner BP have started production from the R Cluster gas project in the Krishna-Godavari Basin, offshore India. The ultra-deep-water gas project is among the three gas projects the partners are developing in the KG D6 block with a total investment of INR 350 billion ($4.75 billion). The […]

Hilcorp Energy wraps up $5.6bn acquisition of BP’s Alaska operations

Hilcorp Energy wraps up $5.6bn acquisition of BP’s Alaska operations

Hilcorp Energy has wrapped up the previously announced $5.6 billion acquisition of BP’s upstream and midstream operations in Alaska. Harvest Alaska, a midstream services provider and an affiliate of Hilcorp Energy, secured approval from the Regulatory Commission of Alaska last week for acquiring BP’s 49% stake in the 800 miles long Trans-Alaska Pipeline System (TAPS) […]

Vorlich oil field : BP and Ithaca commence production from North Sea tieback

Vorlich oil field : BP and Ithaca commence production from North Sea tieback

BP and Ithaca Energy have commenced production from the Vorlich oil field, a £230 million subsea tieback development in the UK North Sea. The Vorlich field, which was discovered in 2014, is estimated to yield 30 million barrels of oil equivalent. It is projected to have a peak production of 20,000 barrels of oil equivalent […]

PetroRio to acquire stakes in Wahoo and Itaipu fields offshore Brazil

PetroRio to acquire stakes in Wahoo and Itaipu fields offshore Brazil

PetroRio has agreed to acquire a stake of 35.7% in the BM-C-30 Block, containing the Wahoo field, and a stake of 60% in the BM-C-32 Block, containing the Itaipu field, from BP, in a deal worth up to $140 million. Both the blocks are located offshore Brazil. Under the terms of the deal, PetroRio will […]

bp Kwinana oil refinery to be converted as fuel import terminal

bp Kwinana oil refinery to be converted as fuel import terminal

bp Australia, a subsidiary of oil and gas giant bp, said that it will stop fuel production at its Kwinana oil refinery in Kwinana Beach and ‎make it into a fuel import terminal to help ensure fuel supply security for Western ‎Australia. Closing of the refinery will leave 650 jobs at risk. Located near Fremantle, […]

Equinor, BP report Cappahayden and Cambriol oil discoveries offshore Canada

Equinor, BP report Cappahayden and Cambriol oil discoveries offshore Canada

Equinor and its partner BP Canada have pulled off a couple of oil discoveries offshore Newfoundland, Canada through the drilling of the Cappahayden and Cambriol prospects in the Flemish Pass Basin. However, Equinor said that it is too early to give any specific information on the volumes estimated at the Cappahayden and Cambriol hydrocarbon discoveries. Paul McCafferty – Equinor […]

Qattameya gas field : bp begins production from offshore Egyptian field

Qattameya gas field : bp begins production from offshore Egyptian field

Oil and gas giant bp has commenced production from the Qattameya gas field in the North Damietta offshore concession in the Nile Delta in Egypt. bp, through its joint venture – Pharaonic Petroleum Company (PhPC), has developed the shallow water gas field via a one-well subsea development and tie-back to existing infrastructure.‎ The oil and […]

Seadrill Partners bags $24m contract for West Vela drilling ship from BP

Seadrill Partners bags $24m contract for West Vela drilling ship from BP

Seadrill Partners said that it has bagged additional work from oil and gas giant BP for the West Vela drilling ship in the US Gulf of Mexico. According to the British drilling rig operator, the contract value for the firm part is likely to be $23.8 million. The contract is likely to run until early […]

Ghazeer gas field : BP begins production from Omani onshore field

Ghazeer gas field : BP begins production from Omani onshore field

BP and its partners Makarim Gas Development (OQ), Petronas have started production from the Ghazeer gas field in the phase 2 of the onshore Block 61 in Oman. Production from the Omani gas field was achieved 33 months after the approval of the development. The Ghazeer gas project was initially expected to be brought on […]

Eni, BP make new gas discovery in Great Nooros Area in Egyptian waters

Eni, BP make new gas discovery in Great Nooros Area in Egyptian waters

Italian oil and gas giant and BP have made a new gas discovery in the Great Nooros Area in the Mediterranean Sea in Egypt through the drilling of the Nidoco NW-1 exploratory well in the Abu Madi West Development Lease. The new gas discovery in Egypt was made in the conventional waters of the Nile […]

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