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  • BP sells petchems arm for $5 billion in energy transition revamp Jun 29, 2020 06:37 PM IST

    BP sells petchems arm for $5 billion in energy transition revamp

    Looney acknowledged that the sale of the business, which employs 1,700 people and produced 9.7 million tonnes of petrochemicals last year, 'will come as a surprise'.

  • British Petroleum mulls global business service centre in Pune, may hire 2,000 employees Jun 19, 2020 02:29 PM IST

    British Petroleum mulls global business service centre in Pune, may hire 2,000 employees

    According to a report, the energy major's facility in Pune is set to become operational by January 2021.

  • Energy producer BP takes $17.5 billion hit as demand slides Jun 15, 2020 02:55 PM IST

    Energy producer BP takes $17.5 billion hit as demand slides

    Chief Executive Bernard Looney said the pandemic is forcing the company to face the long-term impact on the economy, together with the likelihood of weaker demand for a longer period of time.

  • BP eyes sale of Algerian gas plant after Rosneft talks fail: Sources Feb 06, 2020 01:12 PM IST

    BP eyes sale of Algerian gas plant after Rosneft talks fail: Sources

    BP hopes to raise around $2 billion from the sale of its 45.89% stake in the In Amenas natural gas plant that was the target of a deadly attack by Islamist militants in 2013. The sale is part of a $15 billion disposal programme BP is targeting by the middle of 2021, two of the sources said.

  • BP invests in city transportation app Whim Nov 07, 2019 08:30 AM IST

    BP invests in city transportation app Whim

    BP's new technology investments have so far focused on electric vehicle charging platforms such as FreeWire and PowerShare and reduction of emissions from oil and gas drilling.

  • India holds 100 Tcf of gas reserves, enough to meet half of demand till 2050: BP chief Oct 15, 2019 07:50 AM IST

    India holds 100 Tcf of gas reserves, enough to meet half of demand till 2050: BP chief

    BP in partnership with Reliance Industries is investing about USD 5 billion to bring about 1 billion cubic feet a day of new domestic gas onstream beginning mid-2020, he said.

  • Reliance to partner with Saudi Aramco, BP – Systematic monetisation in core business Aug 12, 2019 04:50 PM IST

    Reliance to partner with Saudi Aramco, BP – Systematic monetisation in core business

  • The Reliance model of development Aug 12, 2019 04:44 PM IST

    The Reliance model of development

    Investors will appreciate the initiatives announced at the RIL AGM, not least the partnership with Microsoft. The stage has been set for a re-rating of the RIL stock.

  • Reliance, BP get key ship on KG-D6 for expediting gas output Dec 30, 2018 01:55 PM IST

    Reliance, BP get key ship on KG-D6 for expediting gas output

    These fields along with the ultra deep MJ find are to produce 30-35 million standard cubic metres per day of peak natural gas

  • Reliance, BP spend Rs 7,000 cr to prolong output from D1, D3 fields in KG-D6 block Aug 14, 2018 05:25 PM IST

    Reliance, BP spend Rs 7,000 cr to prolong output from D1, D3 fields in KG-D6 block

    In perhaps one of its kind intervention in a deepsea field, RIL-BP has, through the use of a combination of complex techniques, kept the wells flowing at Dhirubhai-1 and 3 (D1 & D3) gas fields in the Krishna Godavari basin block KG-D6, they said.

  • BP pays $10.5 billion for BHP shale assets to beef up US business Jul 27, 2018 09:05 AM IST

    BP pays $10.5 billion for BHP shale assets to beef up US business

    The acquisition marks a big turning point for BP since the Deepwater Horizon rig disaster in the Gulf of Mexico in 2010, for which the company is still paying off more than $65 billion in penalties and clean-up costs.

  • BP bets on electric vehicle switch with Chargemaster buy Jun 28, 2018 03:36 PM IST

    BP bets on electric vehicle switch with Chargemaster buy

    BP said, "Chargemaster would be rebranded BP Chargemaster and operate as a wholly-owned unit, with Chargemaster employees continuing at BP Chargemaster."

  • BP and RIL give go-ahead for second leg of KG D6 gas fields project Apr 19, 2018 02:31 PM IST

    BP and RIL give go-ahead for second leg of KG D6 gas fields project

    The companies have sanctioned 'Satellite Cluster', the second of Block KG D6's three phases

  • BP sees 5-10% of global earnings from India Apr 05, 2018 02:30 PM IST

    BP sees 5-10% of global earnings from India

    "My aspiration is that since we (India) are material for BP, that might see 5-10 percent of BP's earnings coming from India," said Sashi Mukundan, regional president and country head.

  • Essar Oil picks Trafigura, BP for $1 billion oil-backed loan Mar 20, 2018 03:50 PM IST

    Essar Oil picks Trafigura, BP for $1 billion oil-backed loan

    Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil's large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year.

  • India to be dominant source of energy growth from 2030: BP official Feb 27, 2018 08:47 AM IST

    India to be dominant source of energy growth from 2030: BP official

    "As the pattern of growth within China shifts -- slower economic growth and less intensive energy growth -- the baton is passing to India as the dominant source of energy growth," Spencer Dale, chief economist BP, told a Washington audience.

  • Govt nod to RIL, BP acquiring Niko's 10% stake in gas block Jan 26, 2018 12:52 PM IST

    Govt nod to RIL, BP acquiring Niko's 10% stake in gas block

    "Assignment of Niko's participating interest (10 per cent) to RIL and BP approved by Government of India," RIL said in an analyst presentation on third-quarter earnings.

  • BP sets $1.5 billion charge for US tax changes but sees long-term boost Jan 03, 2018 10:10 AM IST

    BP sets $1.5 billion charge for US tax changes but sees long-term boost

    BP's rival Royal Dutch Shell said last week it would incur a one-off charge of $2-$2.5 billion for the U.S. tax changes.

  • RIL, BP submit plan to develop deepest gas find by 2021-22 Oct 26, 2017 01:57 PM IST

    RIL, BP submit plan to develop deepest gas find by 2021-22

    The partners yesterday submitted to the Directorate General of Hydrocarbons (DGH) a field development plan (FDP) for the MJ-1 gas find, which is located about 2,000 meters directly below the currently producing Dhirubhai-1 and 3 (D1 and D3) fields in the eastern offshore KG-D6 block, sources with direct knowledge of the development said.

  • RIL-BP to invest $1.5 bn to develop satellite gas fields Oct 17, 2017 12:16 PM IST

    RIL-BP to invest $1.5 bn to develop satellite gas fields

    RIL-BP combine yesterday submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known as satellite and other satellite fields, sources with direct knowledge of development said.

  • PM Modi meets top global, Indian oil chiefs, talks investment Oct 09, 2017 02:50 PM IST

    PM Modi meets top global, Indian oil chiefs, talks investment

    Modi met BP Plc Chief Executive Bob Dudley, Rosneft CEO Igor Sechin, Royal Dutch Shell's Project and Technology Director Harry Brekelmens, Saudi Aramco CEO Amin H Naseer, Exxon Mobil President for Gas and Power Rob Franklin, RIL Chairman Mukesh Ambani and Vedanta Resources head Anil Agarwal for over two hours to discuss the global oil and gas scenario.

  • BP sees oil prices below $50 a barrel in 2018 Aug 01, 2017 01:26 PM IST

    BP sees oil prices below $50 a barrel in 2018

    After a slow start to the year, global oil demand recovered in the second quarter of 2017 and was expected to grow by 1.4 to 1.5 million barrels per day, Brian Gilvary told Reuters.

  • Time has come for Reliance to expand refining & retail outlet capacities: SP Tulsian Jun 15, 2017 04:47 PM IST

    Time has come for Reliance to expand refining & retail outlet capacities: SP Tulsian

    In an interview to CNBC-TV18, SP Tulsian of sptulsian.com, Deven Choksey of KRChoksey, Narendra Taneja, Oil expert, and RS Sharma, Former Chairman of ONGC gave their thoughts and reactions to Oil Minister, Dharmendra Pradhan inviting RIL's Mukesh Ambani and BP's Bob Dudley to invest in retail after they invested in KG Basin gas.

  • Mukesh Ambani, Bob Dudley meet Dharmendra Pradhan Jun 15, 2017 03:05 PM IST

    Mukesh Ambani, Bob Dudley meet Dharmendra Pradhan

    Dudley, whose last visit in January 2015 led to India revisiting the natural gas pricing formula and a higher rate for gas produced from deep-sea and difficult areas, met Oil Minister Dharmendra Pradhan this afternoon.

  • 'BP oil spill did $17.2 bn of damage to natural resources' Apr 21, 2017 01:25 PM IST

    'BP oil spill did $17.2 bn of damage to natural resources'

    This is the first comprehensive appraisal of the financial value of the natural resources damaged by the 134- million-gallon Deepwater Horizon oil spill disaster on April 20, 2010 that killed 11 people.

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