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

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.

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.

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