BP
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The two companies worked together in 2019 to improve execution techniques where Petrofac digitalized maintenance and inspection activity. -
The US Supreme Court handed BP unit Atlantic Richfield a victory, making it harder for Montana landowners to seek a more-extensive cleanup of a hazardous waste site than the federal government had ordered.
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TechnipFMC will utilize its service base and umbilical factory in Angola for the EPCI contract.
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Artificial intelligence can do some things faster and better than humans can. But that may allow engineers to focus on higher-value tasks.
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The decision comes after the UK oil corporation’s new chief executive, Bernard Looney, set an ambitious target to shrink its carbon footprint to net zero by 2050. To achieve this it will have to cut more greenhouse gas emissions every year than the amount produced by the whole of the UK.
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BP says it is firmly committed to achieving the ambitious target of net-zero greenhouse gas emissions over the next 30 years—even if that means producing less oil and gas.
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The withdrawal comes at a time of increasing tension between the US and Iraq, which makes investment in the country riskier.
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The company will shell out more than $800 million to acquire interests in the Andrew and Shearwater areas, as well as the Tolmount field, offshore Scotland.
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The deal is part of BP’s plan to divest $10 billion in the North Sea so that it can focus on developing core growth areas and construct more cost-effective subsea tiebacks in the region.
