BP and TPAO signed an MoU framing cooperation in oil and gas exploration, field development and infrastructure, with Iraq a priority and Libya also in view alongside regional project assessments.
Brazil plans nearly $900 million in oil and gas exploration investment, with offshore drilling accounting for the majority of spending.
Reuters reports Reliance Industries denied any $30 billion government claim with BP, after a Reuters exclusive cited sources on an offshore gas arbitration seeking over $30 billion.
bp has named Meg O’Neill as its next CEO from 1 April 2026, with Carol Howle as interim CEO and Murray Auchincloss staying on as adviser while Woodside Energy appoints Liz Westcott acting CEO.
bp has started up the Atlantis Drill Center 1 expansion in US Gulf of Mexico waters, its seventh major 2025 project, adding 15,000 boe/d and lifting Atlantis capacity to 200,000 b/d.
Seatrium secures its second deepwater FPU contract from BP for the Tiber Floating Production Unit (FPU) project, marking a continued partnership between the two companies in the Gulf of America.
Heerema Marine Contractors has been awarded a bp contract for the engineering, preparation, and removal of the Andrew platform’s topside and jacket in the UK North Sea, marking the next phase of the platform’s decommissioning.
JERA Nex BP will close its U.S. operations after canceling the Beacon Wind project, citing high costs and market challenges. The company plans to hold its lease for future development.
BP awards $700 million in offshore contracts to Saipem and BOS Shelf for the Shah Deniz Compression Project, expanding Caspian gas output.
