Using new technique, BP finds significant additional resources in the Gulf of Mexico HOUSTON – 27 April 2017 – BP today announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. As a result of this early […]
Apr 26, 2017 – Shell has completed the sale of its 20% interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of US$250 million. This sale was earlier announced on 23 December 2016 when Shell signed an agreement to divest its interest in this venture. Completion of the transaction follows […]
25 April 2017 – Amsterdam, The Netherlands – TomTom Telematics and BP have joined forces to offer businesses an innovative fuel and driver management solution. BP FleetMove combines fuel transaction information from BP fuel cards with driver behavior data from the TomTom Telematics Service Platform in one, easy-to-use interface. This new collaboration uses the ‘plug […]
Apr 24, 2017 – Shell and four European companies – ENGIE, OMV, Uniper and Wintershall – signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future operation of the Nord Stream 2 pipeline. The 1,220-kilometer pipeline will be able to transport a total capacity of 55 billion cubic […]
13 April 2017 – BP Trinidad and Tobago LLC (bpTT) today announced the start-up of the Trinidad onshore compression (TROC) project – one of seven major upstream projects BP expects to bring online in 2017. Full start-up will take place over the next few months. When fully onstream, the onshore compression facility will have the […]
Apr 5, 2017 – Shell has announced the conditional sale of its Liquefied Petroleum Gas (LPG) business in Hong Kong and Macau to DCC Energy for a total enterprise value of US$ 150.3 million (approximately HK$ 1,165 million). John Abbott, Shell Downstream Director, said: “This sale supports Shell’s strategic commitment to focus Downstream activities on […]
3 April 2017 – Butamax Advanced Biofuels LLC, a 50/50 joint venture between BP and DuPont, combining expertise in fuels with industrial biotechnology, today announced the acquisition of Nesika Energy, LLC and its state-of-the-art ethanol facility in Scandia, Kansas. Butamax will now start the detailed engineering work to add bio-isobutanol capacity to the facility, while […]
3 April 2017 – BP today announced it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS. Subject to partner, regulatory and other third party approvals, operatorship of the FPS assets and business will transfer […]