BP PLC (BP_p.L)
1 Dec 2016
Thu, Dec 1 2016
LONDON Oil major BP has approved a $9-billion investment in its Mad Dog project in the Gulf of Mexico, its first major new platform in the region since a 2010 explosion at its Macondo well led to the worst offshore disaster in U.S. history.
HOUSTON BP Plc restarted the second-largest crude distillation unit at the company's 413,500 barrel-per-day (bpd) Whiting, Indiana, refinery overnight, a source familiar with plant operations said on Monday.
MILAN/LONDON BP has agreed to buy 10 percent of Eni's Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market.
* Says buys 10 pct interest in Egypt's super-giant Zohr gas field
NEW YORK NARL Refining has inked a new crude supply deal with Russian oil concern Lukoil at its remote Eastern Canadian refinery, a source said, ending a tumultuous relationship with oil major BP PLC that landed the pair in U.S. federal court.
LONDON, Nov 23 BP must pay more than $68 million to the National Bank of Abu Dhabi (NBAD), a UK court has ruled, in a case stemming from the surprise closure of Morocco's Samir refinery in 2015.
LONDON BP has created a new executive committee to explore business in Iran which will exclude its American chief executive Bob Dudley in a bid to avoid potential violations of U.S. sanctions still in place.
HOUSTON BP Plc plans to cut between 50 and 80 salaried positions at the company's 413,500-barrel-per-day refinery in Whiting, Indiana, a company spokesman said on Wednesday.
BP PLC said on Tuesday it will use a new digital solution by General Electric Co designed to improve the efficiency and safety of its offshore oil platforms by predicting equipment breakdowns before they occur.
Nov 15 BP PLC said on Tuesday it will use a new digital solution by General Electric Co designed to improve the efficiency and safety of its offshore oil platforms by predicting equipment breakdowns before they occur.