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BP to redevelop North Sea oil fields

3bn project The energy firm said the Schiehallion and Loyal oil fields have produced 400m barrels since 1998 and a further 450m could still be available, keeping them open until 2035 at least.The move comes despite warnings by the Oil & Gas UK lobby group that the chancellor's surprise 2bn levy on North Sea oil and gas companies, announced in this year's budget to ease the pressure on petrol prices, could put in doubt 12bn of investment in the North Sea and the creation of 15,000 jobs.BP's chief executive, Bob Dudley, said the move reflected the group's strategy of investing in oil fields where it had "extensive knowledge". He added: "BP has over 40 years' experience in the North Sea, during which time it has developed a strong set of assets. We are committed to maintaining a high-quality business there."The Treasury pounced on the announcement. Justine Greening, economic secretary to the Treasury said: "This shows the North Sea basin remains an attractive area for significant levels of new investment, and the government will continue to work alongside oil and gas companies to support growth and jobs in the UK."The North Sea accounts for about 7% of BP's total oil and ...

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Sea turtles need stronger protection after BP oil spill

Judge orders actions to prevent loggerhead capture in Gulf Longline Fishery Conservation groups scored a victory in court Tuesday to gain new protections for imperiled sea turtles from death and injury in the Gulf of Mexico bottom longline fishery for grouper, tilefish, and sharks.The U.S. District Court for the Northern District of Florida ruled that the National Marine Fisheries Service (NMFS) violated the law when it failed to adequately protect loggerhead sea turtles from capture and death in the fishery and refused to take a fresh look at the fisherys impact on sea turtles after last years massive Gulf oil spill."Sea turtles and oil don't mix,"said Todd Steiner, biologist and executive director of Turtle Island Restoration Network, based in Marin County, California. "If we want sea turtles to survive and recover from the BP spill, we need to stop allowing hundreds to die a cruel inhumane death at the end of baited longline fishing gear."Thousands of loggerhead hatchlings were displaced and likely perished during the BP Oil spill, while hundreds of adult turtles continued to drown on fishing hooks a double whammy for the population that nests along the East Coast and in the Gulf of Mexico. The species has ...

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Shell and BP join world ocean council

Alliance on Corporate Ocean Responsibility Oil and gas industry majors BP and Shell have joined the growing number of leading companies from a range of ocean industries that are distinguishing themselves as members of the World Ocean Council (WOC) - the business leadership alliance on Corporate Ocean Responsibility."We are committed to meeting the world's growing energy needs in economically, environmentally and socially responsible ways," said David Martin, vice president safety, environment and sustainable development for Shell. "As a company with presence in many of the world's major oceans, we look forward to sharing good practices for the responsible and sustainable use of our oceans through this alliance."Dr Liz Rogers, BP Group's VP Environment, Social Responsibility and HSSE Compliance, Safety and Operational Risk, commented that "BP is delighted to be joining WOC to participate in constructive engagement in Ocean Policy and Planning. BP believes that co-operation in marine science is of mutual benefit to all stakeholders and looks forward to playing its role in collaborative stewardship of ocean sustainability.""The WOC continues to grow as an unprecedented international alliance on ocean stewardship," noted WOC Executive Director, Paul Holthus."We are developing and implementing programs to address ocean stewardship challenges and opportunities facing the ...

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Transocean probe blames BP decisions for Gulf of Mexico Oil Spill

According to Trannsocean's investigation A series of risky decisions made mostly by BP PLC (BP, BP.LN) led to the Deepwater Horizon oil-spill disaster, according to an internal investigation by Transocean Ltd. determined that a series of risky decisions made mostly by BP PLC led to the Deepwater Horizon oil-spill disaster, contrasting with earlier U.S. government reports that put a large share of the blame on the Switzerland-based offshore-drilling contractor.The decisions in the two weeks leading up to the incident were made because BP worried that it was running out of time, according to the Transocean investigation, released Wednesday.The U.K. oil company was concerned that the high-pressure injections of mud and cement needed to keep the deep-water well sealed would end up fracturing the rock formation that held the oil in the reservoir, endangering future exploitation of the new discovery, the Transocean report said.BP couldnt immediately be reached for comment.Transocean owned the doomed Deepwater Horizon drilling rig, which was drilling BPs Macondo well in the Gulf of Mexico. In April 2010, the rig exploded and sank, killing 11 and touching off the worst marine oil spill in U.S. history. The well spewed 4.9 million barrels of crude oil before it was ...

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Turtles have been impacted by BP Oil Spill

Facing problem with their reproduction Nearly hidden by brownish sand, the Kemps ridley sea turtle digging furiously with her back flippers as she carved out a flask-shaped hole to lay her eggs wasn't aware of the excitement she was generating among the scientists, volunteers and beach-goers watching from a distance.They included Donna Shaver, who has been working for more than two decades to save the endangered reptiles. Each spring, she counts their nests and collects the eggs for safe incubation before releasing the turtles' tiny offspring into the sea. Shaver knows this year that each nest she spots has added significance: the turtle that created it survived the largest offshore oil spill in U.S. history.While scientists in several states are studying the effects of the oil spill on loggerhead and other sea turtles, the Kemps ridley have been of particular concern. The Deepwater Horizon explosion on April 20, 2010 happened when they typically would have been in the area. Most of the 456 visibly oiled turtles rescued by the U.S. Fish and Wildlife Service last year were Kemps ridleys.At the peak of nesting season, their numbers looked good. As of May 24, 155 Kemps ridley nests had been spotted on ...

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BP among founding members of World Bank carbon fund

The Forest fund is designed to pay developing countries for reducing emissions BP is responsible for the loss of around 5m barrels of oil in the Gulf of Mexico last year and annual carbon emissions greater than 120 developing countries put together, has become the world's first company to try to profit from a new World Bank carbon fund.The oil company on Tuesday joined Britain, Germany and Norway as well as the EU and NGO Nature Conservancy as founding members of a fund designed to pay developing countries for reducing carbon emissions caused by the destruction of their forests.The six initial Forest carbon partnership facility members have so far pledged $156m, with Germany and Norway believed to have donated the most. BP's share has not been made public but is thought to be modest. The company will be allowed to offset its own emissions via the fund, or could buy carbon offsets and sell them on the open market.If global agreement on the UN's major deforestation initiative, known as Redd, can be made in the climate talks which resume next week in Bonn, the carbon fund intiative is expected to grow into a multi-billion-dollar scheme to reward countries who protect ...

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BP succeeded in keeping the oil spill away from beaches but not to prevent damage

The chemicals used are more toxic than the oil spill BP succeeded in sinking the oil from its blown well out of sight and keeping much of it away from beaches and marshes last year by dousing the crude with nearly 2 million gallons of toxic chemicals. But the impact on the ecosystem as a whole may have been more damaging than the oil alone.The combination of oil and Corexit, the chemical BP used to dissolve the slick, is more toxic to tiny plants and animals than the oil in most cases, according to preliminary research by several Florida scientists. And the chemicals may not have broken down the oil as well as expected.Scientists reported some of their early findings last week at a Florida Institute of Oceanography conference at the University of Central Florida. The researchers were funded a year ago through a $10 million BP grant.The initial findings require more research for scientists to reach definitive conclusions. But scientists said they were struck by the studies so far.They added BP oil to a jar of sea water and saw all the oil float to the top. After adding a little Corexit to the mix, the entire bottle of ...

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Sperry Marine has supplied ECDIS to 12 BP oil tankers

BP chooses Sperry ECDIS Northrop Grumman Corp's Sperry Marine has supplied ECDIS to 12 BP oil tankers.Sperry has installed four of its new-generation VisionMaster FTTM ECDIS workstations on each of the 12 ships, supplementing their existing Sperry Marine integrated bridge system installations, including radars, autopilots and gyrocompasses.Sperry Marine's ECDIS is type-approved to meet IMO carriage requirements and International Electrotechnical Commission (IEC) performance standards. All aspects of route planning, navigation and piloting are carried out through the ECDIS workstation."These ECDIS upgrades build on our long standing relationship as a major supplier of navigation technology to the BP fleet," said Hans Rasmussen, director of business development, Northrop Grumman Sperry Marine.The UK-flagged 'Bird' class vessels were originally built for BP by Samsung. The 115,000 dwt double-hull ice-class Aframaxes typically transport crude oil, or heavy lubricant oils worldwide.Source: Tanker Operator

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Transocean blames BP for the damages of Macondo well disaster

Transocean has high-level talks with BP Transocean has had high-level talks with BP about last year's Macondo well disaster, for which it believes BP is responsible for the damages, an executive said.Asked about last week's deal between well operator BP and well co-owner Mitsui, Transocean chief financial officer Ricardo Rosa said its relationship as a BP contractor was different, and one should not compare "apples and pears", Reuters reported."This being said, we have had contacts at CEO level with BP," Rosa said in a webcast presentation Tuesday at the UBS Global Oil and Gas Conference in Austin, Texas, describing those talks as "constructive"."We would be foolish to discard any opportunity that may arise, so we keep an open mind," Rosa added.Rosa said no evidence has surfaced to show that Transocean, owner of the drilling rig destroyed in the Macondo well blow-out, was negligent, and his company has high confidence in the indemnity clause BP provided in their contract.Mitsui unit Moex, which owned 10% of the Gulf of Mexico well, had sought to avoid paying its share of the costs by claiming BP was negligent and Moex should be exempted, before agreeing last week to pay $1.1 billion for the clean-up.Transocean ...

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BP upgrades Port Hedland terminal with electrical systems and higher capacity pumps

$45 million was spent BP says loading times at its Port Hedland fuel terminal in Western Australia have been cut by 40 per cent. A new higher volume loading gantry has been successfully commissioned and is now fully operational, complementing upgrades to electrical systems, higher capacity pumps and loading infrastructure.BP Australasia president Paul Waterman said $45 million was being spent on the upgrade of the Port Hedland terminal."Additional storage capacity gives us greater flexibility and the new gantry facilities speed up truck loading to further improve our customer offer," he said.BP's Port Hedland terminal is the largest oil industry storage facility servicing the Pilbara region.Source: AAP

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