London

BP plc on Tuesday estimated 2Q2005 oil and natural gas production will be about 4.101 MMboe/d, flat sequentially, but up about 3.5% from the 3.971 MMboe/d reported for the same period a year ago. The London-based major reiterated that its average full-year production is expected to range between 4.1 and 4.2 MMboe/d.

Eighteen months after a reserves accounting scandal rocked Royal Dutch/Shell Group, the London-based major on Thursday published updated internal rules on how it will book oil and natural gas reserves in the future. The 42-page report is designed to meet Securities and Exchange Commission (SEC) guidelines.

Eighteen months after a reserves accounting scandal rocked Royal Dutch/Shell Group, the London-based major on Thursday published updated internal rules on how it will book oil and natural gas reserves in the future. The 42-page report is designed to meet Securities and Exchange Commission (SEC) guidelines.

BP plc’s strong exploration and production (E&P) earnings drove 4Q2004 earnings, with the London-based major reporting profit up 80% over a year earlier. Oil and natural gas production was up more than 4%, reflecting the ramp-up from new Gulf of Mexico wells and overseas investments.

BP plc’s strong exploration and production (E&P) earnings drove 4Q2004 earnings, with the London-based major reporting profit up 80% over a year earlier. Oil and natural gas production was up more than 4%, reflecting the ramp-up from new Gulf of Mexico wells and overseas investments.

Make it eight quarters in a row for BP plc to reign as the top North American natural gas marketer. The London-based oil major once again surpassed competition in NGI’s 3Q2004 wholesale gas marketing survey, a lead that hasn’t changed since BP overtook Mirant, which held the top spot in 3Q2002.

Make it eight quarters in a row for BP plc to reign as the top North American natural gas marketer. The London-based oil major once again surpassed competition in NGI’s 3Q2004 wholesale gas marketing survey, a lead that hasn’t changed since BP overtook Mirant, which held the top spot in 3Q2002.

For the fourth year in a row, London-based BP plc topped the rankings for the leading oil and natural gas companies and also was a leader in reserves replacement, according to a study by Prudential Equity Group. Prudential studied eight majors’ year-end reports between 1999 and 2003, analyzing production income, earnings quality, reserve replacement ratios, finding and development costs, future net cash flow and the return on exploration and production (E&P) activities.

For the fourth year in a row, London-based BP plc topped the rankings for the leading oil and natural gas companies and also was a leader in reserves replacement, according to a study by Prudential Equity Group. Prudential studied eight majors’ year-end reports between 1999 and 2003, analyzing production income, earnings quality, reserve replacement ratios, finding and development costs, future net cash flow and the return on exploration and production (E&P) activities.