BP (NYSE:BP)

Africa Oil & Gas: TechnipFMC gets EPCIC contract for BP’s Greater Tortue

Posted on March 1, 2019March 1, 2019 by Mozambique Resources Post

TechnipFMC has been awarded by BP a large(1) contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal. This award is a continuation to the FEED (front end engineering design) contract awarded in April 2018.

Africa Oil & Gas: Golar LNG to supply FLNG unit to BP for phase 1 of the Greater Tortue

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

Golar LNG has announced that Gimi MS Corp, a newly incorporated subsidiary of the Company, has entered into a 20-year Lease and Operate Agreement (‘LOA’) with BP for the charter of an FLNG unit, Gimi, to service the Greater Tortue Ahmeyim project.

Africa Oil & Gas: BP triggers second phase of West Nile Delta Project

Posted on February 11, 2019February 11, 2019 by Mozambique Resources Post

BP announced Monday first gas production from the second stage of its West Nile Delta development offshore Egypt.

Global Industry: Big Oil Proves Crude Price Is Just a Number

Posted on February 8, 2019February 8, 2019 by Mozambique Resources Post

(Bloomberg) – The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.

Global Industry: Oil Supermajors Smash Analyst Estimates

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

(Bloomberg) — The world’s biggest oil companies are pumping out cash like crude’s at $100 a barrel again, and investors love it.

Global Industry: BP nets ‘highest quarterly result in more than five years’

Posted on November 1, 2018November 1, 2018 by Mozambique Resources Post

For the third quarter 2018, BP’s underlying RC profit was $3.8 billion, which is more than a double from a year earlier and the highest quarterly result in more than five years, including significant earnings growth from the Upstream and Rosneft. This compares to a $1.87 billion profit in the third quarter 2017.

Global Oil & Gas: “$80 Oil Is Unhealthy For The World” – BP CEO

Posted on October 26, 2018 by Mozambique Resources Post

Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of UK supermajor BP, said on the sidelines of an event on Friday.

Africa Oil & Gas: SDX Energy to Acquire Egypt Asset Package from BP – reports

Posted on September 26, 2018September 26, 2018 by Mozambique Resources Post

North Africa focused oil and gas company SDX Energy Inc has confirmed that it is in discussions for the acquisition of a “significant package of assets” in Egypt from BP.

These Are the Biggest Natural Gas Producers in the World

Posted on September 11, 2018 by Mozambique Resources Post

Natural gas companies produced a record 3.68 trillion cubic meters (~130 trillion cubic feet) of natural gas last year, according to BP’s (NYSE: BP) Statistical Review of World Energy. That’s an increase of 4% from the prior year — almost double the 10-year average growth rate — thanks to a big uptick in production from Russia, which contributed about a third of global growth. North America, however, was the largest gas-producing region, led by the…