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

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

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. Advertisements

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

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

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.

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

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

(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.

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

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

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.

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These Are the Biggest Natural Gas Producers in the World

These Are the Biggest Natural Gas Producers in the World

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…

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