BP plc on Thursday secured its first unconventional natural gas exploration contract in China in an agreement with the country’s largest state-owned producer.
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Articles from Bp
Shale Natural Gas to Account for 20% Share of Total Global Gas Output by 2035, Says BP
Shale natural gas, ramrodded by U.S. producers, should amount to about 75% of domestic gas output and nearly 20% of total global gas production by 2035, compared to 10% of global share in 2014, a stronger forecast than BP plc’s economics team previously projected. And it could get even better, chief economist Spencer Dale said Wednesday.
February 10, 2016
New LNG Train On Stream Every Eight Weeks in Next Five Years, Says BP Forecast
The global natural gas trade is seen growing in line with global consumption over the next 20 years, with imports and exports playing an increasingly vital role in the world’s economy, according to BP plc.
February 10, 2016
BP Promotes McKay to Deputy Group CEO
BP plc is handing over some of Group CEO Bob Dudley’s duties to longtime upstream chief Lamar McKay, who has been named deputy group CEO.
February 1, 2016
BP Expands Lower 48 Portfolio With Devon’s Natural Gas-Rich Assets in San Juan Basin
BP plc’s Lower 48 onshore business on Friday snapped up all of Devon Energy Corp.’s natural-gas rich San Juan Basin assets, including 480 wells spread across 33,000 gross acres, in the “first major acquisition” by the business in seven years.
December 18, 2015
BP’s Path Forward Clearer with Macondo Settlement, Says Moody’s
BP plc’s agreement to settle all the major federal, state and municipal claims related to the Macondo tragedy five years ago in the deepwater Gulf of Mexico led Moody’s Investors Service on Wednesday to upgrade the ratings to positive from negative.
November 25, 2015
With Shale, ‘Increasingly Unlikely’ World’s Oil Reserves Ever Exhausted, Says BP Economist
The “core beliefs” that many energy economists had about the global oil markets have been upended by the U.S. shale revolution, BP plc’s chief economist said Tuesday. Spencer Dale argued for an updated set of principles to reflect the new economics of oil on Tuesday before the Society of Business Economists Annual Conference in London.…
October 13, 2015
BP: FERC Has Failed to Prove Market Manipulation
BP and affiliates have urged the Federal Energy Regulatory Commission to dismiss allegations that they gamed the financial and physical energy markets.
October 8, 2013
‘Problematic’ Issues Found in BP Macondo Claims Process
The federal judge overseeing the BP plc claims settlement process regarding the Macondo well blowout has expanded former FBI Director Louis Freeh’s duties after the special master found some problems with the claims office.
September 10, 2013
BP Sues to Lift Federal Contract Suspension
BP plc has sued the U.S. government to overturn a suspension from federal contracts for most of its entities, including the exploration and production (E&P) arm.
August 19, 2013
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