December 16, 2017

Rising stars awards for two BP engineers | BP Global

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Two BP engineers have been honoured by the UK’s Royal Academy of Engineering for exceptional engineering contributions early in their careers Jeffrey Choate, a senior instrument and protective systems engineer and Ben Money-Coomes, a subsea engineer, both based in Sunbury, were presented with Rising Stars awards at the academy’s annual awards dinner in July. The awards celebrate and showcase the rising stars of global engineering and individual engineers who have made a remarkable contribution over the course of their careers. Since joining BP at Kwinana refinery in Western Australia in 2009, Jeffrey has worked in a range of roles that…

BP makes huge 15-year North Sea investment | Business Quarter

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BP has pledged $1bn (£670m) to a critical North Sea oil investment project, doubling the site’s lifespan and securing 143 jobs. The money will be funnelled into its Eastern Trough Area Project (ETAP) as part of a special life extension project, securing its future through to 2030. The area, which is comprised of nine different reservoirs, is considered one of the largest and most commercially complex North Sea oil and gas developments. Trevor Garlick, regional presidents for BP’s North Sea business, said: “These are challenging times for the industry and we are having to make hard choices. “Nonetheless, we remain…

BP to invest £670m in North Sea assets – BBC News

BP is to invest about £670m to extend the life of its North Sea assets. BP hopes the investment will secure the future of its Eastern Trough Area Project (ETAP) fields until at least 2030. Regional president Trevor Garlick said the sector was facing challenges but that the company remained committed to improving competitiveness. He said the main areas of focus were the west of Shetland and central North Sea. Mr Garlick said: “These are challenging times for the industry and we are having to make hard choices. “Nonetheless, we remain committed to improving the competitiveness of the North Sea…

GE and BP team up to connect oil wells around the globe – Fortune

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BP is using GE’s Predix software to make its oil wells part of the internet of things. Oil-and-gas giant BP has thousands of oil wells scattered around the globe. This equipment pumps oil and some natural gas from the depths of the ocean to the surface to power our factories, cars, planes and any number of other industrial processes. And after more than a decade of monitoring these platforms using homegrown software, the London-based company is turning to GE to get an upgrade. BP has started connecting 650 of its oil wells as part of a pilot project to test GE’s…

How BP’s $18.7-billion oil-spill settlement could help the Gulf of Mexico : Nature News & Comment

Oil company BP agreed on 2 July to pay US$18.7 billion to settle civil lawsuits over the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. An estimated 3.19 million barrels of oil poured into the Gulf during the months-long crisis, the largest marine spill in US history. The payment will add to $14 billion that BP said it had already paid in claims, advances and settlements related to the spill. Donald Boesch, a marine scientist and president of the University of Maryland Center for Environmental Science in Cambridge, spoke to Nature about BP’s settlement and what it will mean for restoration efforts…

U.S. Ousts Russia as Top World Oil, Gas Producer in BP Data – Bloomberg Business

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The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according to BP Plc’s Statistical Review of World Energy released on Wednesday. Gas output also climbed, putting America ahead of Russia as a producer of the hydrocarbons combined. The data showing the U.S.’s emergence as the top driller confirms a trend that’s helped the world’s largest economy reduce imports, caused a slump in global energy…

Jury Acquits Ex-BP Exec Of Lying In Oil Spill : NPR

More than two years ago, Justice Department officials held a news conference to unveil criminal charges against BP and several executives in connection with the largest oil spill in U.S. history. But the Department of Justice task force created to hold the company and responsible individuals to account has a track record that’s spotty at best. On Friday, a federal jury in New Orleans acquitted the highest-ranking BP executive charged in connection with the 2010 Deepwater Horizon explosion, after just five days of trial. The verdict for David Rainey, the company’s former head of exploration for the Gulf of Mexico,…

Africa set for an oil and gas boom

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PM News Africa’s energy industry could boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract enough badly needed investment, a report said Wednesday. Six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent, according to a study by PriceWaterhouseCoopers. Large gas finds in Mozambique and Tanzania would make the world “take note of east Africa as an emerging player in the global industry,” said the report’s advisory leader, Chris Bredenhann. The boom has brought investment opportunities,…