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

BP beats own record again in Q3

The oil major has clearly surpassed analysts' third quarter forecasts, and the company now has so much capital that it expects to be able pay cash for its USD 10 billion acquisition of BHP Billiton.

BHP Billiton sells US shale assets to BP

Oil company BP is buying US shale assets from BHP Billiton worth USD 10.5 billion, writes Financial Times. An "important step" in BP's goal to increase capacity for oil drillings, says CEO Bob Dudley.

BP to cut 500 jobs this year

Oil price increases in recent months have not kept BP from carrying out further cost reductions. Over 500 employees will be dismissed this year.

BP sells UK North Sea field

Oil major BP has divested one of its older North Sea fields. However, the company maintains its interest in the UK shelf.

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.

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