BP Archives - Energy Analytics Institute (EAI)

bp reaches FID on Gulf of America Tiber-Guadalupe project

HOUSTON, TEXAS (By bp, 29.Sep.2025, Words: 765) — bp has reached a final investment decision on the Tiber-Guadalupe project in the Gulf of America, approving its […]

EAI brief: bp takes FID on Tiber-Guadalupe project in US Gulf of America

HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 29.Sep.2025, Words: 170) — bp reached a final investment decision (FID) on the Tiber-Guadalupe project in the […]

bp ink MOU to drill 5 wells in the Mediterranean

HOUSTON, TEXAS (By bp, 9.Sep.2025, Words: 425) — bp announced the signing of a Memorandum of Understanding (MOU) to evaluate opportunities for a 5-well program […]

Baker Hughes inks 90-month service agreement for bp’s Tangguh LNG plant in Indonesia

HOUSTON, TEXAS and LONDON, ENGLAND (By Baker Hughes, 26. Aug.2025, Words: 280) — This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering […]

bp reports strong 2Q:25 operational performance [pdf downloads]

LONDON, ENGLAND (By bp, 5.Aug.2025, Words: 90) — bp reported strong operational performance in the 2Q:25 and underlying RC profit of $2.4bn and operating cash […]

Noble says marketed fleet 75% contracted during the 2Q:25; backlog stands at $6.9bn

HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 5.Aug.2025, Words: 470) — Noble Corporation’s marketed fleet of 25 floaters was 75% contracted during the second-quarter […]

bp announces hydrocarbon discovery at Bumerangue exploration well, offshore Brazil

LONDON, UK (By bp, 4.Aug.2025, Words: 529) — bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404km (218 nautical […]

Brechin Castle Solar Limited achieves first electrons in Trinidad

PORT OF SPAIN, TRINIDAD AND TOBAGO (bp, 22.Jul.2025, Words: 190) — The Brechin Castle Solar Limited, (a joint venture partnership between bp, Shell and NGC), […]

bp agrees to sell Netherlands mobility & convenience, bp pulse businesses to Catom

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 9.Jul.2025, Words: 315) — bp reached an agreement to sell its mobility & convenience and bp pulse […]

Venezuela’s ‘Black Gold’: 4 original upgraders Sincor, Petrozuata, Cerro Negro and Hamaca

PANAMA CITY, PANAMA / HOUSTON, TEXAS (Editors at Energy Analytics Institute, 8.Jun.2025, Words: 1,143) — Venezuela is blessed with numerous heavy-oil reservoirs, but none compares […]

bpTT announces first gas from Mento offshore Trinidad’s southeast coast, eyes Coconut

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.May.2025, Words: 361) — bp Trinidad and Tobago (bpTT) said its Mento development has safely delivered first […]

bp awards Subsea 7 and SLB OneSubsea EPCI contract for Ginger project

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Apr.2025) — Subsea 7 announced the award of a substantial engineering, procurement, construction, and installation (EPCI) contract by […]

Eni confirms oil find at Capricornus 1-X well offshore Namibia

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 24.Apr.2025) — Eni confirmed preliminary results at the Capricornus 1-X well in the petroleum exploration license 85 (PEL85), […]

bpTT announces start of production from new Cypre gas project

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Apr.2025) — bp Trinidad and Tobago (bpTT) said its Cypre development has safely delivered its first natural […]

bpTT takes Ginger FID, announces success at Frangipani exploration well

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Mar.2025) — bp Trinidad and Tobago (bpTT) achieved 2 major milestones in Trinidad and Tobago: sanctioning the […]

CERAWeek: bp plc CEO Murray Auchinclose on the conversations about Gen AI

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 11.Mar.2025, Words: 779) — During CERAWeek by S&P Global, bp plc CEO Murray Auchinclose said his company and […]

bpx Foresees Average Annual Capex of $2.5bn between 2024-2030

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 7.Mar.2025) — bpx energy, which operates in the Permian and Eagle Ford basins in Texas, as well as […]

FACT SHEET: bp America’s Whiting and Cheery Point Refineries

HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 7.Mar.2025) — bp operates 2 refineries in the US: Whiting, Indiana, and Cherry Point, Washington with a combined […]

bp resets business strategy

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — UK energy giant bp introduced a fundamentally reset strategy, with significant capital reallocation, and plans to […]

bp and Iraq Reach Final Agreement for Kirkuk Oil Field Redevelopment

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — bp reached agreement on all contractual terms with Iraq to invest in several giant oil fields […]

Xodus Announces First Ever UK CCS Permit by the NSTA

(Editors at Energy Analytics Institute, 8.Jan.2025) — The Offshore Petroleum Regulator for Environment and Decommissioning, acting on behalf of the UK Secretary of State, agreed […]

Greater Tortue Ahmeyim LNG Flows First Gas Offshore Mauritania and Senegal

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 2.Jan.2025) — bp has begun flowing gas from wells at the GTA Phase1 liquefied natural gas (LNG) project […]

bp and XRG Close Natural Gas Platform Arcius Energy

(Ian Silverman, Energy Analytics Institute, 16.Dec.2024) — bp and XRG reached financial close and completed formation of their new joint venture (JV) and international natural […]

Shell Announces FID for Silvertip Phase 3 in US GOM

(Energy Analytics Institute, 12.Dec.2024) — Shell plc subsidiary Shell Offshore Inc. announced a final investment decision (FID) on the Phase 3 Silvertip project in the […]

UK’s First CCS Projects in Teesside Progressing to Executive Phase

(Equinor, 10.Dec.2024) — Equinor, alongside project partners, announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of […]

Indonesia’s Tangguh LNG project reaches $7bn FID

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Nov.2024, Words: 259) — The joint venture (JV) partners of the Tangguh LNG Project led by bp, the […]

bp, Equinor, Shell and TotalEnergies to Boost Access to Energy (PDF Download)

(Equinor, 15.Nov.2024) — bp, Equinor, Shell and TotalEnergies announce a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which […]

Israel Conflict Gains Grip as Output: Rystad Says

(Rystad, 17.Oct.2024) — Here is Rystad Energy’s market update from Middle East Research Director, Aditya Saraswat. “Tensions are persisting in the Middle East and the […]

Enbridge Sanctions Pipelines to Support bp’s New Deepwater US GOM Development

(Enbridge, 3.Oct.2024) — Enbridge Inc. will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, […]

Shell Poised to Add Pipeline Capacity in US GOM

(Shell Pipeline Company, 3.Oct.2024) — Shell Pipeline Company LP announced the Final Investment Decision (FID) for the Rome Pipeline, an offshore pipeline construction project increasing […]

bp to Divest US Onshore Wind Operations, Focuses Onshore Renewables in Lightsource bp

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 16.Sep.2024) — bp plc plans to divest its existing US onshore wind energy business, bp Wind Energy, and […]

EAI’s NRGBriefs: Aug. 2024

(Energy Analytics Institute, 31.Aug.2024) — Energy briefs as well as others related to finance and projects during Aug. 2024 including Petrobras achieving its main target […]

Golar and bp Enter Commercial Reset Arrangements for FLNG Gimi

(Golar LNG, 5.Aug.2024) — Golar LNG Ltd., and bp, as operator of the Greater Tortue-Ahmeyim LNG Project, have executed agreements to implement a commercial reset […]

IPCEI Approval Paves Way at bp’s Lingen Hydrogen Project

(bp, 15.Jul.2024) – bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green […]

Audi and bp in Strategic Partnership for Formula 1

(bp, 14.Jul.2024) – Audi and bp are joining forces in an extensive new strategic partnership in Formula 1. As Audi prepares to enter the pinnacle of […]

The bp Energy Outlook 2024

(bp, 10.Jul.2024) — This year’s Energy Outlook is focused on two main scenarios: Current Trajectory and Net Zero. These scenarios are not predictions of what is likely to happen or what […]

Aker Solutions Secures Brownfield, Modification Frame Deal with Azule Energy

(Aker Solutions, 6.Jun.2024)) — Aker Solutions secured a sizeable (1) long term frame agreement with Azule Energy to provide engineering, procurement, and construction services (EPC) […]

Mega Gas Project off Africa Nears Final Stages Before Start-up

(bp, 4.Jun.2024) — Seven years in the making, something remarkable is taking shape in the ocean where Mauritania and Senegal meet. A project, which includes a […]

GTA LNG Project Reaches Milestone with Arrival of FPSO

(bp, 4.Jun.2024) — The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived […]

Mega Gas Project off Africa Nears Final Stages before Start-up

(bp, 4.Jun.2024) — It takes extraordinary engineering and technology to keep the world supplied with energy. The latest example – one of bp’s biggest-ever projects – […]

BP in Talks to Sell Some Trinidad Upstream Gas Assets to Perenco

(Reuters, 8.Apr.2024) — BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, […]

Trinidad Seeks US License for BP Gas Project Shared with Venezuela

(Reuters, 21.Mar.2024) — The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of […]

bp Reports 2023 Results [PDF Downloads]

(bp, 6.Feb.2024) — bp delivered strong underlying financial performance in 2023, raising the dividend by 10% and buying back $7.9bn of shares, with net debt […]

BP sees Trinidad Deepwater Gas Getting Greenlight as soon as 2025

(Reuters, 23.Jan.2024) — BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy to get the greenlight when a […]

Trinidad in Talks with Europe to Supply Venezuelan Gas

(Reuters, 22.Jan.2024) — Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, […]

The Energy Chamber: Dragon Deal a Historic Achievement

(Trinidad and Tobago Energy Chamber, 22.Dec.2023) — The Ministry of Energy and Energy Industries has announced that the Bolivarian Republic of Venezuela has granted the […]

Trinidad Inks Gas Deal with Venezuela

(Trinidad and Tobago Ministry of Energy and Energy Industries, 22.Dec.2023) — Historic and unprecedented energy deals for Trinidad and Tobago that provide us with positive […]

Brazilian Bid Round Opens New Offshore Frontier in Pelotas Basin

(WoodMac, 14.Dec.2023) — A total of 193 blocks were auctioned in Brazil’s December 13 oil and gas licensing round, 192 under concession and one under […]

Increased Market Share Expected as Investment Builds for Low-Carbon Hydrogen

(WoodMac, 5.Dec.2023) — Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million […]

New Unitized Commercial Structure for Atlantic LNG

(Office of the Prime Minister of Trinidad and Tobago, 5.Dec.2023) — The government has secured a new unitized commercial structure for Atlantic LNG which allows […]