BP plc clinched a deal to sell 2.2 Bcf of certified natural gas this year to fertilizer giant CF Industries Holdings Inc. CF, which uses natural gas as feedstock, said the sale of the independently certified natural gas is the first of its kind for use in industrial manufacturing. Financial details of the transaction were…
Bp
Articles from Bp

BP, Kosmos Explore 2.5-3 MMty Second Phase for West Africa LNG Export Project
BP plc and its partners in the Greater Tortue Ahmeyim (GTA) natural gas field are evaluating a second phase expansion for the floating LNG production project offshore West Africa as first phase construction progresses. BP, Kosmos Energy Ltd., Senegal’s Petrosen and Mauritania’s Société Mauritanienne des Hydrocarbures have agreed to evaluate a 2.5-3 million metric ton/year…

BP Prioritizing Oil and Natural Gas Output, Reducing Climate Targets
BP plc, one of the first majors committed to reducing oil and natural gas production in the transition to net-zero carbon, has reversed course to ensure global energy security. The goal to cut fossil fuels output to net-zero carbon by 2050 remains in place. However, Russia’s invasion of Ukraine and other global events have reduced…

Natural Gas Demand and LNG Exports Growing, but Longer Term Outlook ‘Uncertain,’ Says BP
Global oil demand is falling, but natural gas prospects, including for LNG, will depend on the speed of the energy transition, with rising consumption in emerging economies expected to be offset by the developed world’s lower carbon resources, according to BP plc. The BP Energy Outlook 2023, the annual report by the supermajor, focuses on…
Production Platform Heads to BP’s Greater Tortue Ahmeyim LNG Project – The Offtake
A floating production, storage and offloading vessel is on its way to the Greater Tortue Ahmeyim (GTA) LNG project operated by BP plc off the coast of Mauritania and Senegal in Africa, according to the company. The vessel left a Chinese shipyard last week after three years of construction. Once operational, BP estimates the first…

BP, Shell Sign Ownership Restructuring Agreement for Trinidad’s Atlantic LNG Facility
BP plc and Shell plc have agreed to restructure ownership in Trinidad and Tobago’s Atlantic LNG partnership, allowing the country’s state-owned firm to increase its stake while the majors focus on further upstream investments. Under the agreement, the partnership amongst the four-train liquefaction facility would be restructured to allow the state-controlled National Gas Company of…

BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes
BP plc reported it has achieved first gas from its offshore Cassia C development, its latest milestone in the effort to sustain natural gas flows and LNG cargoes from Trinidad and Tobago. The firm disclosed Tuesday it had transported ashore its first gas volumes from its latest development in the Greater Cassia area more than…

BP CFO Predicts Continued Natural Gas Price Volatility as Trading Unit Generating ‘Exceptional’ Results
BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday (Nov. 1). Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led…

FERC Ordered to Reassess $20M BP Fine for Alleged Natural Gas Market Manipulation in 2008
The U.S. Court of Appeals for the Fifth Circuit has ordered FERC to recalculate a $20.16 million fine levied against BP plc for allegedly manipulating the Texas natural gas market in 2008. The Federal Energy Regulatory Commission wrongly attempted to expand its Natural Gas Act jurisdiction to cover intrastate gas trading, the circuit court said. …

BP Agrees to $4B-Plus Deal for U.S. RNG Giant Archaea
To expand and accelerate its bioenergy business, BP plc on Monday agreed to acquire Archaea Energy Inc., a leading U.S. renewable natural gas (RNG) producer. The acquisition, subject to Archaea shareholder approval, would be for $3.3 billion in cash and close to $800 million in debt. Bioenergy is one of the five strategic transition growth…