Oil major BP has awarded key contracts for the Azeri-Central-East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. This is the largest oilfield in the Azerbaijan sector of the Caspian basin.
Oil major BP announced that it will deploy continuous measurement of methane emissions in its future BP-operated oil and gas processing projects as part of its ambitious programme to detect, measure and reduce methane emissions.
Royal Dutch Shell informed that is not taking any British-flagged tankers through the Strait of Hormuz, in the midst of increased tensions with Iran, in the vital chokepoint for oil shipments. Shell now joins BP, which is also avoiding sending vessels through the Strait of Hormuz.
BP is avoiding sending vessels through the Strait of Hormuz, due to the tensions between Iran and the UK. This decision comes after BP had to abandon a plan to load Iraqi crude and instead took shelter near Saudi Arabia, fearing retaliation.
Oil major BP has agreed to form a 50:50 joint venture with Bunge, a US-based supplier of agriculture, food and ingredients, aiming to create a leading bioenergy company in Brazil, one of the world’s largest fastgrowing markets for biofuels.
Following seizure of the oil tanker ‘Grace 1’ on 27 June in Gibraltar, within European territorial waters, an oil tanker run by oil major BP is being kept inside the Persian Gulf in fear it could be seized by Iran for retaliation. The ship was sailing toward Iraq’s Basrah oil terminal.
BP Ventures announced an investment of $30 million in California-based start-up Calysta, Inc., that will use BP’s natural gas to produce protein for fish, livestock and pet feeds. This investment aligns with BP’s strategy of creating new markets in which gas can play a material role in delivering a more sustainable future.
Greenpeace ended a 12-day protest involving a Transocean drilling rig, which BP had contracted. The campaign came to an end after protesters had boarded the rig in the Cromarty Firth on June 9. The rig was heading to the Vorlich oil field east of Aberdeen.
Israel’s Oil Refineries have delivered its first cargo of compliant 0.5% sulphur content marine fuel, in line with IMO’s upcoming rules. Namely, the 197,000 barrel per day refinery loaded its first 30,000 tonne cargo of the low sulphur fuel. ORL now joins several other refiners that recently developed new marine fuels to comply with the new regulation.
A BP drilling rig heading to an oilfield in the British North Sea was to turn away two times during the last two days as a Greenpeace ship is protesting over climate change, and is trying to obstruct the rig’s progress. This chase is the latest chapter in Greenpeace’s nine-day effort to stop the 40,000 tonne Paul Loyd JNR rig from reaching the Vorlich oilfield to begin drilling operations.
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