BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the ...
Tags: oil production, gas production
The UK could see its first increase in offshore oil output in over a decade this year and the start of a slight recovery, BP regional vice president for Europe, Peter Mather, said Tuesday. His comments were balanced by a longer-term ...
Tags: Oil Output, offshore oil output
China is expected to exceed Europe to become the largest energy importer in the world by 2035, said a report issued by British oil giant BP. The annual Energy Outlook 2035 report released on Wednesday forecast global energy consumption to ...
Tags: Oil Consumer, Energy Importer
Next Wednesday BP will launch the new BP Energy Outlook 2035 - our latest view of global energy markets to 2035 based on analysis of long-term energy trends. Bob Dudley, BP Group Chief Executive and Christof Rühl, BP Group Chief ...
Tags: BP, BP Energy Outlook 2035, energy trends, Bob Dudley
Top Azerbaijani,EU and US officials and members of the Shah Deniz consortium gathered in Baku on Tuesday to celebrate a major milestone in the development of a new energy corridor that will connect Caspian natural gas to Europe and provide ...
Tags: Top Azerbaijani, EU, Shah Deniz consortium, energy corridor
BP’s business activities in the US helped generate more than $147 billion in economic impact in 2012 and support more than a quarter million American jobs, the company’s Group Chief Executive Bob Dudley will announce today in a ...
Tags: BP, US, economic impact, commitment, conomy
BP has a portfolio of 45 major upstream projects that it wants to focus on to 2020, company CEO Bob Dudley said Thursday, following the company's unprecedented $38 billion asset sell-off program in the wake of the Macondo oil spill in 2010. ...
Tags: BP, CEO Dudley
BP announced Friday an $8 billion share buyback program, following through on a promise to reverse the dilutive effect on earnings from its sale of its stake in TNK-BP. BP, which completed the sale of its 50% stake in TNK-BP to Rosneft on ...
Tags: BP, TNK-BP Proceeds, Chemicals
BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
BP on Wednesday raised its estimate of global energy demand in 2030 and predicted that shale natural gas, tight oil and biofuels will play an increasingly important role in meeting the world's energy needs. World energy demand will ...
Tags: BP, global energy demand, natural gas, oil, biofuels
Rosneft reported that British oil major BP’s CEO Robert Dudley will help oversee Russian oil giant Rosneft’s integration with TNK-BP to help introduce best international business standards, the companies said in a statement on ...
Tags: oil giant, oil, BP Chief, Smooth Rosneft, TNK-BP
BP is to establish a $100 million international research center known as the BP International Centre for Advanced Materials, or BP-ICAM. This center will lead research aimed at advancing the fundamental understanding and use of materials ...
Tags: BP, international research center, energy, University of Manchester
BP announced its financial results for the third quarter of 2012,reporting underlying replacement cost profit,adjusted for non-operating items and fair value accounting effects,of$5.2 billion.It also announced an increase in its quarterly ...
Tags: BP, financial results
BP has appointed the current head of its US operations, Lamar McKay, to oversee the company's existing upstream oil and gas divisions, which were created in the wake of the 2010 Gulf of Mexico oil spill, the company said Friday. McKay, ...
Tags: upstream chief, oil spill, offshore spill