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BP plc

1 St James's Square

Telephone : +44 (0)20 7496 4000
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Article archive for BP plc;

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BP says Deepwater Horizon movie “not an accurate portrayal of events” 04 October 2016

BP has criticised the new "Deepwater Horizon" film as being an inaccurate Hollywood dramatisation of the oil rig disaster in the Gulf of Mexico in April 2010, which killed eleven workers and saw millions of barrels of oil pollute the shorelines of several US states for a number of months in the worst offshore oil disaster in US history....

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BP's Clair oil platform shut down after leak 03 October 2016

BP has shut down its Clair oil platform in the North Atlantic after a significant oil leak was reported on October 2. The company said about 95 tonnes had been released into the sea and that the slick was being monitored by aircraft which reported it being carried in a northerly direction away from land. BP said: “The release was stopped within an hour once the issue had been identified and Clair production was taken offline.”...

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Fishing vessel that sank off Shetland narrowly missed BP gas pipeline 27 July 2016

A report by the UK Marine Accident Investigation Branch (MAIB) established that the Lerwick-registered creel boat Majestic, which foundered 8km off the island of Yell in the Shetlands on 21 January 2016, ended up on the seabed only two metres from a major gas pipeline. The crew of the vessel were rescued by another nearby fishing vessel....

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BP puts final cost of Deepwater Horizon liabilities at $61.6 billion 15 July 2016

BP announced on July 14 that following significant progress in resolving outstanding claims arising from the 2010 Deepwater Horizon accident and oil spill, it can now reliably estimate all of its remaining material liabilities in connection with the incident. Taking into account this estimate together with other positive tax adjustments, BP expects to take an after-tax non-operating charge of around $2.5 billion in its second quarter 2016 results. ...

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Large fire and explosion damage Mississippi gas plant 29 June 2016

Late on June 27 a large fire broke out after an explosion at the Enterprise Gas Processing LLC natural gas plant in Pascagoula, Mississippi. Two workers were on duty in a safe room at the time of the incident and escaped injury, according to local officials. The plant was recently sold to minority owner Enterprise Products Partner by former majority owner BP....

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PSA finds “serious” regulatory violations at BP facilities in Norwegian sector of North Sea 09 June 2016

Norway’s Petroleum Safety Authority (PSA) has issued orders to BP covering its ageing facilities on the Ula and Valhall fields in the North Sea. According to the order, BP must systematically review and map all areas and systems in respect of materials handling, and assess fulfilment of the requirements relating to prudent materials handling for both fields....

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BP expects oil price to increase in second half of 2016 22 February 2016

BP has predicted a positive future for the oil and gas industry with crude prices returning up to a peak of $100 a barrel at times, large increases in shale output and new production from Canadian tar sands. The predictions are contained in the latest annual BP Energy Outlook, which looks at long-term trends and develops projections for world energy markets up to 2035....

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BP reports worst annual loss in over 20 years, announces further job losses 02 February 2016

On February 2, UK-based oil and gas group BP reported a loss of $6.5 billion for 2015, mainly due to the continuing slide in the oil price, now down to under $35 a barrel for benchmark Brent crude. The group also set aside a further $440m over the last quarter of 2015 for liabilities associated with the Deepwater Horizon disaster, bringing the total bill so far to $55bn....

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North Sea oil worker killed by freak wave 04 January 2016

A freak wave killed one worker and injured two others on a semi-submersible rig operating on the Troll field in the Norwegian sector of the North Sea. The wave hit the COSL Innovator on December 30 approximately 40 miles west of Bergen, and Aker Solutions has since confirmed the deceased man was one of its staff....

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BP study assesses key role of technology in future of energy use 03 November 2015

For the first time, BP has published its analysis of energy technologies and the options they present society in the quest for a sustainable and lower carbon energy future. The analysis, in a report entitled BP Technology Outlook, predicts that advances in technology will keep energy supplies plentiful and affordable and help pave the way to a lower carbon energy mix. ...

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