Latest news
BP to invest 800 million dollars in a wind farm
BP, a giant oil company, revealed its plans to invest 800 million dollars in the construction of a wind farm in Kansas (USA), Flat Ridge 2, as to strengthen its position as the major player in America’s rapidly growing renewable industry and boost the local economy by creating thus about 500 jobs.
read more... 13/10/2011
BP to enter Southern Corridor Pipeline battle
The British oil giant, BP may consider another pipeline for the transportation of natural gas from its Shah Deniz field, in the Azeri sector of the Caspian Sea, known as the South-East Europe Pipeline, which may compete with three other potential routes as Nabucco, the Trans-Adriatic and the IGI Poseidon.
read more... 27/09/2011
TNK-BP: huge investment in oil refining and production
The British-Russian joint venture, TNK-BP, will invest about $50 billion in oil extraction and refining in the next 10 years, according a report.
read more... 16/09/2011
BP reveals £700 million oil project move
The energy major, BP announced that it has won a government approval to invest up to £700 million (USD 1.128 billion) in extracting oil from a North Sea reservoir, creating more than 1,000 jobs.
read more... 07/09/2011
Important step in Indian gas development
British oil giant, BP and India’s Reliance Industries Limited (RIL) announced the acquisition of a 30 per cent stake in 21 oil and gas production sharing contracts (PSCs) that Reliance operates in India, including the producing KG D6 block.
read more... 02/09/2011