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BP plc

1 St James's Square

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Article archive for BP plc;

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BP to sell its petrochemicals business to INEOS 29 June 2020

BP announced on June 29 that it had reached an agreement to sell its global petrochemicals business to INEOS for $5 billion (£4bn). The sale is the next strategic step in reinventing BP, strengthening its balance sheet, and delivering its target for divestments a year early, the energy major said in a statement. Under the terms of the agreement, INEOS will pay BP a deposit of $400 million (£323m) and will pay a further $3.6 billion (£2.9bn) on completion.

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BP quits three trade associations over climate policy, including main US refining lobby 28 February 2020

On February 26, BP announced that it would be leaving the main US refining lobby and two other trade groups after a review of the alignment of 30 trade associations' climate-related policies and activities with BP's own positions....

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BP fined £400,000 for 2012 Shetland oil leak 03 October 2019

On September 21, BP Exploration Operating Company Ltd was fined £400,000 for an uncontrolled release of fluids in 2012 at its Sullom Voe Terminal in Shetland....

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BP deploys Mars technology on UK continental shelf as part of worldwide methane monitoring initiative 12 September 2019

BP's North Sea division has successfully executed a pilot project testing innovative ways of remotely monitoring methane emissions around its offshore assets. This includes the use of drones with advanced sensor technology originally designed by NASA for its Mars exploration programme....

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BP Canada reports offshore drilling mud spill 22 June 2018

On June 22, BP Canada reported a leak of about 136,000 litres of synthetic-based drilling mud from the West Aquarius semi-submersible, about 330 kilometres from Halifax off Nova Scotia’s Atlantic Coast. The leak happened about 30 metres below sea level. According to the Canada-Nova Scotia Offshore Petroleum Board, the drilling mud is of “low toxicity” and would have sunk to the ocean floor....

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Better Investigations – getting value from investigation methods and process 31 May 2018

In this article, two very experienced ex-regulatory investigators working for the BP group give a practical view of investigation as a process and an activity, rooted in a largely non-methodological approach. BP International Human Factors Advisor (Downstream) Simon Monnington and Independent Human Factors Consultant John Wilkinson here build on an earlier joint paper (Ref. 1) and update the ongoing case study, presented at the Hazardex 2017 Conference.

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BP publishes second edition of BP Technology Outlook 16 March 2018

The report considers the potential impact of advances in technology throughout the global energy system to 2050, without predicting policy. It explores five areas where BP believes technology can play a game-changing role: Energy efficiency; digital; renewable power; energy storage; and decarbonized gas....

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BP's profits surge in 2017 with brighter future forecast 06 February 2018

BP reported profits in 2017 of $6.2 billion, compared to $2.6 billion the previous year. This was mainly due to higher prices and increased oil and gas output, allowing the company to forecast an end to the downturn that has affected the oil and gas sector over the last three years. The group also said that 2017 saw a reduction in the number of process safety events for the fifth year running....

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After BP leak report, state calls for review of all Alaska North Slope wells 31 October 2017

The Alaska Oil and Gas Conservation Commission (ADEC) is ordering all wells on the North Slope that have a similar design to a BP well that failed to be shut in immediately and reported to the state. The emergency order comes after BP blamed an April oil spill and gas leak on a well casing that buckled under pressure from thawing permafrost. ...

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Investigation shows BP Alaska facing abnormal number of accidents and leaks 23 October 2017

An investigation published on October 20 by Buzzfeed News revealed BP Alaska has suffered a number of safety incidents on the North Slope this year, some of which put workers at risk. The report claims that BP recorded 27 worker incidents in Alaska as of September 12 and managers were so concerned they stopped work completely in many business units over the first 12 days of October....