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BP

Read all the latest news about BP. ShippingWatch gives you independent, credible, critical and fair news.

BP enjoys major upstream success

The oil major grew nine percent in the third quarter with support from a higher oil price. Now a share buy-back program will be launched.

BP expands LNG fleet with six vessels

Oil major BP is noting a surge in demand for liquefied natural gas, LNG, and will in the next two years take delivery of six new LNG vessels in cooperation with, among others, China's ICBC Leasing.

BP extracts first oil from North Sea expansion

After several rough years for oil production in the North Sea, BP is now ready to extract first oil from a reconstructed field. The investment is the first step in a major venture on the British North Sea Shelf.

Maersk Oil Trading and BP are ready for sulfur regulations

As the debate intensifies concerning whether 2020 or 2025 is the right year for low-sulfur fuel, both Maersk Oil Trading and BP Marine have announced that they will be ready by 2020. A 2020 decision would be better than waiting any longer, the companies tell ShippingWatch.

Income takes nose-dive at BP due to low oil price

Oil behemoth BP experienced massive setbacks in the second quarter. That's the picture painted by the interim report released Tuesday morning which shows that the decline was greater than anticipated.

BHP Billiton projects growing demand for coal

China, India and several Southeast Asian nations will drive an increasing demand for coal ahead of 2020, projects an executive from mining giant BHP Billiton. The assessment contradicts numerous analysts, who foresee a more gloomy outlook for the sector.

Kjell Inge Røkke has become Norway's undisputed oil king

In his native Norway, Kjell Inge Røkke is known as the man from the small town of Molde, who started as a fisherman and who has since then usually been drawing the longest straws. With the creation of new oil giant Aker BP, the billionaire strikes again.

Introducing Norway's new oil and gas behemoth

With a share issue totaling total USD 1.3 billion, oil company Det norske will take over BP's Norwegian activities as part of a merger to create new Norwegian oil and gas company Aker BP. Get an overview of the new oil player here.

BP and Det norske establish new energy giant

BP and one of the partners in the giant Sverdrup field, Norway's Det norske oljeselskap, have formed a new joint venture, informs BP. Aker BP, as the venture is named, will be listed in Oslo and will be the biggest independent oil and gas producer in Norway.

BP in USD 175 million settlement with shareholders

The financial consequences of the historical oil spill after the explosion on Deepwater Horizon continue. The oil company BP has now agreed to a settlement for approximately USD 175 million with a group of shareholders.

Shareholders vote down pay raise for BP boss

With a solid majority, shareholders in the oil company have voted against a giant payment package for the Chief Executive of BP. Yet, it looks as though Bob Dudley gets to keep the money.

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