BP

The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.

The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.

As the company works to realign its portfolio, it puts its North Sea assets in the crosshairs.

The London-based supermajor is stepping back from startup investing as it seeks to focus capital on its oil and gas business.

Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.

The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.

Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…

This paper presents a study that confirms glass-reinforced-epoxy-lined tubing as a reliable, cost-effective solution for long-term water-injection service in moderate-salinity offshore environments.

The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.

Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.