By Jessica Resnick-Ault THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27 (Reuters) - About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. On the deck of Thunder Horse, they work two-week shifts, drink seawater from a desalination … [Read more...]
BP Starts North Sea Oil Project That Will Help Double Its U.K. Output
By Rakteem Katakey (Bloomberg) -- BP Plc started a project in the U.K. North Sea that will restore production halted since 2013 and help double the company’s output in the area by the end of the decade. BP and its partners budgeted 4.4 billion pounds ($5.7 billion) for the Quad 204 project, which involved building a new floating production and supply vessel and redeveloping … [Read more...]
BP Sees Early Promise, Growing Investment in Mexico Offshore Projects
By David Alire Garcia MEXICO CITY, May 17 (Reuters) - BP Plc's first foray into Mexico's recently opened energy market is proving more promising than expected, and the government should offer more big projects to lure investment, the British oil major's Mexico boss said in an interview. Chris Sladen, country manager for Mexico, said BP expects to increase investment in … [Read more...]
A Sea of Trouble Testing BP’s Mettle Draws $10 Billion ONGC Bet
By Debjit Chakraborty and Saket Sundria (Bloomberg) -- India’s Oil & Natural Gas Corp. is wading into deep waters where energy giants BP Plc and Reliance Industries Ltd. found a sea of trouble. State-run ONGC plans to invest in a region off India’s east coast to help boost natural gas output and raise crude flows, said Tapas Kumar Sengupta, its director for … [Read more...]
BP Scraps Plans to Drill Off Southern Australia Coast, Says ‘Ocean Greatwhite’ Contract Not Impacted
By Perry Williams (Bloomberg) -- BP Plc has abandoned oil exploration in the offshore Great Australian Bight, five years after it began searching for resources in one of the world’s last frontier regions and before it could drill a single well. The decision to step away from the project off the country’s southern coast follows a review of the company’s upstream … [Read more...]
BP’s Clair Field Still Shut After Oil Leak
By Angelina Rascouet (Bloomberg) -- BP Plc’s Clair offshore field near the U.K.’s Shetland Islands is still shut following an oil leak. BP, which operates the field, said it wants to be “completely certain” the technical issue that caused the leak on Oct. 2 has been resolved before restarting, so production will remain offline as it investigates. About 95 metric tons … [Read more...]
BP Tanker Carrying US Crude Discharged at Curacao After 100-day Wait
HOUSTON, Sept 26 (Reuters) - A tanker carrying over 1 million barrels of U.S. light crude finished discharging on Monday after a 100-day wait related to payment delays from Venezuela's state-run PDVSA to oil major BP Plc, according to Thomson Reuters vessel tracking data. PDVSA in March awarded BP a tender to import up to 8.2 million barrels of U.S. crude for the second … [Read more...]