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Latest Key Developments (Source: Significant Developments)

Fitch affirms BP at 'A', outlook stable
Friday, 21 Apr 2017 06:50am EDT 

April 21 (Reuters) - BP Plc :Fitch affirms BP at 'A', outlook stable.  Full Article

BP says starts up Trinidad onshore compression project
Thursday, 13 Apr 2017 09:21am EDT 

BP Plc : BP starts up Trinidad onshore compression project . Full start-up will take place over next few months. . When fully on stream, onshore compression facility will have potential to deliver approximately 200 million standard cubic feet of gas per day. . Atlantic LNG Company Of Trinidad and Tobago will serve as operator. Further company coverage: [BP.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

BP shareholder comments on remuneration policy
Thursday, 6 Apr 2017 08:20am EDT 

BP Plc shareholder: 2017 pay policy looks set to significantly reduce the total pay that CEO Bob Dudley will be awarded going forward . We applaud the BP remuneration committee for being proactive in responding to the shareholder revolt last year Further company coverage: [BP.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-BP says CEO Bob Dudley's 2016 total remuneration was $11.6 mln
Thursday, 6 Apr 2017 06:56am EDT 

Corrects currency in headline to dollars from pounds.BP Plc : Says CEO Bob Dudley's 2016 total remuneration, including pension was $11.6 million versus $19.4 million in 2015 . CEO Bob Dudley's 2016 annual bonus was $2.5 million vs. $4.2 million in 2015 . Bob Dudley's deferred bp share component of 2016 annual bonus was $848,000 . The salary for the group chief executive Dudley will remain at $1.854 million for 2017 . Says CFO Brian Gilvary total remuneration for 2016 at 4.2 million pounds versus 5.1 million pounds in 2015 . From 2017, level of bonus paid for an 'on-target' score will be reduced by 25 pct . From 2017, the proportion of annual bonus that must be deferred into shares will be increased from 33 pct to 50 pct . Executive directors have voluntarily agreed the extension of vesting periods for certain legacy share awards as a transitional approach to the new policy . From 2017, deferred shares will no longer be matched with additional shares . From 2017, will operate only two incentive plans – a short-term annual bonus and a long-term performance share plan . From 2017, maximum CEO longer-term incentives will be reduced from seven times salary to a maximum of five times salary . Expected that Bob Dudley and Brian Gilvary will maintain a shareholding of at least 250 percent of salary for two years following retirement.  Full Article

BP, DuPont venture acquires Nesika Energy
Monday, 3 Apr 2017 07:18am EDT 

BP Plc : Butamax Advanced Biofuels, a BP and DuPont JV, announced acquisition of Nesika Energy and its state-of--art ethanol facility in Kansas .Butamax plans to license its proprietary bio-isobutanol technology beyond this first facility on a global scale.  Full Article

BP says to sell forties pipeline system to Ineos
Monday, 3 Apr 2017 02:31am EDT 

Bp Plc - : BP press release - BP to sell forties pipeline system to Ineos . Agreed to sell its FPS business, with assets including main forties offshore and onshore pipelines and other associated pipeline interests and facilities . sale will not affect BP's existing rights to capacity in FPS . Under terms of agreement, Ineos will pay BP a consideration of up to $250 mln for business . Consideration comprises a cash payment of $125 mln on completion and an earn-out arrangement over seven years that totals up to $125 mln Further company coverage: [BP.L] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

BP says co, Accsys Technologies created a consortium
Thursday, 30 Mar 2017 05:11am EDT 

Bp Plc - : BP, Accsys Technologies through subsidiary Tricoya Technologies, Medite have announced creation of a consortium, Tricoya Ventures UK Limited . BP, through its petrochemicals and venturing businesses will invest over $25 million in TTL and TVUK over a two year period Further company coverage: [BP.L] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

Onesubsea awarded contract by BP
Tuesday, 21 Mar 2017 03:43am EDT 

Schlumberger - : Onesubsea announced award by BP of an engineering, procurement and construction (EPC) contract Further company coverage: [BP.L] [SLB.N] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

Wood Group says has been awarded two Mad Dog phase 2 contracts
Tuesday, 14 Mar 2017 03:36am EDT 

John Wood Group Plc : Wood group awarded two Mad Dog phase 2 contracts . $80 million contract follows december 2016 completion of interim agreement period (IAP) early work, which was valued at $4.5 million .Contracted by Samsung Heavy Industries to provide detailed engineering and procurement services for topsides for bp's mad dog phase 2 floating production unit.  Full Article

BP and Clean Energy partner to expand U.S. renewable natural gas transportation fueling capabilities
Wednesday, 1 Mar 2017 06:29am EST 

Bp Plc : BP and Clean Energy partner to expand U.S. Renewable natural gas transportation fueling capabilities . Under terms of agreement, BP will pay $155 million for Clean Energy's existing biomethane production facilities . BP to acquire Clean Energy's upstream renewable natural gas business and sign long-term supply agreement with clean energy . BP will continue to subcontract operations of these facilities to Clean Energy .BP Plc - Clean Energy will buy renewable natural gas fuel from BP and collect royalties on gas purchased from BP and sold as redeem at it stations.  Full Article

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BRIEF-Tomtom Telematics and BP partner to help BP customers boost fleet efficiency

* Co and BP Partner to help BP customers boost fleet efficiency Source text for Eikon: Further company coverage: (Gdynia Newsroom)