BP

Global coal consumption and production rose in 2018, reflecting positive results for the Australian coal industry according to new data released by BP in its 2019 statistical review of world energy.

BHP has approved two major funding packages worth a combined $US952 million ($1.34 billion) to advance its petroleum prospects offshore the United States and Mexico.

BHP has finalised the sale of its Fayetteville onshore gas assets in Arkansas to MMGJ Hugoton III for $US300 million ($415.3 million).

BP has emerged as the front-runner to buy BHP’s US shale assets after submitting a bid of over $US10 billion ($13.5 billion).

Beach Energy has entered into an equity deal over two prospects at the Ironbark offshore gas project in the Carnarvon Basin, Western Australia.

Energy giant Chevron is abandoning its $400 million exploration plans in South Australia’s Great Australian Bight.

BP executive Jeanne Johns has been selected as the new managing director and CEO of Australian industrial chemicals and explosives manufacturer Incitec Pivot (IPL).

Australia has contributed as global coal consumption fell sharply for the second consecutive year in 2016, according to a BP report.

Statoil has been granted regulatory approval to revive exploration in the Great Australian Bight after signing a swap agreement with BP. The Norwegian company will take over two permits off Australia’s southern coastline to drill an exploration well before the end of October 2019. The National Offshore Petroleum Titles Administrator (NOPTA) has approved the transfer, … Continue reading Statoil to begin Great Australian Bight drilling →

It has been seven years since the Deepwater Horizon explosion that killed 11 people and created what is regarded as the worst oil spill in United States history. A seminar series investigating the aftermath was recently held in Sydney, exploring the human and organisational factors that led to the disaster.

BHP Billiton is investing US$2.2 billion ($2.9 billion) as part of its share in the development of the Mad Dog Phase 2 oil project in the Gulf of Mexico.

BHP Billiton has won a bid to acquire a majority share in the deep-water Trion oil field project in the Gulf of Mexico.

BP is moving forward with the US-based Mad Dog oil project, which includes BHP Billiton as a key partner, at a considerably lower development cost.

BP has opted out of its exploration drilling program in the Great Australian Bight (GAB), sparking frustration from the South Australian Government.

Caltex Australia and BP have been recognised for their innovative procurement and sourcing programs, netting two major awards at the 2016 CPO of the Year award.

Australian Marine and Offshore Group has released the Longitudinal Groove Suppression (LGS) drill riser buoyancy system to improve drilling in the deep water oil industry.

Oil giant BP has announced a round of staff cuts in response to fears of tumbling oil prices.

UGL has won a three year contract for maintenance at 17 BP fuel terminals across Australia.

​The new BP exploration venture in the Great Australian Bight will be supplied by oil and gas services company ASCO Group.

​BP has taken the knife to positions at its Kwinana oil refinery in Perth.