BP Plc predicts oil demand will fall over the next 30 years; jet fuel demand remains weak.
BP
NEW YORK (13 October 2015)—Addressing attendees of the Society of Petroleum Engineers Kuwait Oil & Gas Show and Conference, BP CEO Bob Dudley spoke at length about the necessary exchange of technology between private and state-owned E&P companies that must take place for the Middle East to remain competitive in the global energy market. “With oil and gas becoming more difficult to extract, and low prices putting pressure on costs, the challenges may have grown,” he said.
BRISBANE, Australia (Dec. 31, 2014) – GE Oil & Gas has contributed to the global liquefied natural gas industry with its systems used in the first ever large-scale production of liquified natural gas (LNG) from coal seam gas (CSG) at BG Group’s Queensland Curtis LNG (QCLNG) plant on Curtis Island.
GE technology of gas turbines, centrifugal compressors and generators are integral parts of the QCLNG facility that has begun producing LNG for its first export shipment.
AUSTIN, Texas (5 November 2014)—BP has awarded Emerson Process Management, a global business of Emerson, a contract in excess of US$40 million to be the main automation contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Emerson will provide integrated control and safety systems to help ensure safe and efficient control of gas production on two new offshore platforms and at an expanded onshore gas processing plant at the Sangachal terminal.
HOUSTON (Oct. 23, 2014)—BP announced an oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico.
The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay in Paleogene age Wilcox Sands.
Thorough analysis, testing and upgrades renew the life of an old single-stage, double-suction, horizontal split case pump.
WASHINGTON (May 24, 2012) – The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Justice announced that BP North America Inc. has agreed to pay an $8 million penalty and invest more than $400 million to install state-of-the-art pollution controls and cut emissions from BP’s petroleum refinery in Whiting, Ind.