BP

The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group.

The new field, which is tied back to the Na Kika platform, is expected to add over 20,000 B/D of new production at peak.

BP said it will remain a member of the American Petroleum Institute after the largest US oil and gas trade lobby group addressed some differences with the British energy company over climate change.

As our industry continues to adapt and evolve to meet the changing needs of our fast-moving world, we see a sizable and growing prize for those who are willing to work and think differently, challenge traditional approaches, forge new working relationships, and act boldly.

BP says its new $1.3-billion Grand Slam electrified oil, gas, and water-handling facility is a clear example of its net-zero strategy in action.

The $2.59-billion deal advances BP’s effort to divest $25 billion of its global proceeds by 2025.

Calgary-based Eavor Technologies has raised $40 million to build out geothermal systems that use horizontal-drilling technology and may someday give abandoned oil and gas fields a second act.

After a lot of talk of the transition, BP and Total are making bids to become major wind energy producers in the UK. Meanwhile, NOV said the offshore wind sector is becoming a big business for it too.

The floating production unit is making the trek across the Pacific Ocean to its new home in the US Gulf of Mexico.

Oil-to-telecom conglomerate Reliance Industries Limited (RIL) and BP have started production from India’s first ultradeepwater gas project, the first of three such projects in the KG D6 block.