British oil major BP PLC declared that it’s slowing down its oil sands plans with partner Husky Energy Inc. because it expects costs to deflate. For full story, click here
Continue reading "BP, Husky have put oil-sands plan on display"
Thursday, April 16, 2009
Chairman Peter Sutherland told the annual meeting of shareholders in London that BP PLC declared that it is still considering a range of options to move forward the Sunrise oil sands project with partner Husky Energy Inc., including integrating carbon capture and storage to mitigate the environmental impact. For full story, click here
Monday, March 23, 2009
BP PLC reported to have commenced the restart of an ultraformer at its Texas City, Texas refinery March 23. The restart process is expected to last until Mar. 26. For full story, click here
Continue reading "BP declared restart of Texas Ultraformer"
Wednesday, March 4, 2009
BP said it may “adjust the scale and pace of some projects” in Alaska because of lower oil prices. The company plans to drill 90 wells on the North Slope and invest about $400 million in the Liberty heavy-oil offshore development. For full story, click here
Continue reading "BP may scale back some Alaska operations"
Wednesday, October 29, 2008
After posting an 83% increase in profit for Q3, BP PLC said it’s looking at a broad range of acquisitions including Canada’s oil sands. Byron Grote, Chief financial officer, BP Plc said: The world is volatile as it is today may open up a whole range of things, commercial arrangements that may not have been possible in [...]
Continue reading "BP Plc eyes more buyouts in oil sands"
Monday, October 6, 2008
BP Exploration reported that encouraging results were obtained in a test of its new technology to extract heavy oil. BP spokesman Steve Rinehart said: This is really good news because this is a giant resource, with about 20 billion barrels of oil physically in the reservoir. We think the time is right to go after it. For full story, click [...]
Continue reading "New technology aims to extract heavy oil from rocks"
Tuesday, September 2, 2008
BP’s heavy oil project in the Milne Point field moves into its first test phase to check the feasibility of the project. West was quoted as saying: If we only get 10 percent of it, that’s a lot of oil. For more information, click here For company information, click here
Continue reading "Heavy oil project begins tests for feasibility"
Monday, September 1, 2008
Enbridge Inc. announces a deal with BP PLC for a scaled-back plan to bring oil sands crude to the Texas Gulf Coast, a key market where Canadian producers are attempting to make inroads against Venezuelan, Mexican and Persian Gulf competitors. Mr. Wuori was quoted as saying: We felt it’s really important to get the capacity [...]
Monday, September 1, 2008
The biggest pipeline company of Canada, Enbridge Inc., and BP Plc has agreed to build a delivery system to transport Canadian heavy crude oil from Flanagan, Illinois, to Houston and Texas City, Texas. The Canadian Association of Petroleum Producers said: Production from Alberta’s oil-encrusted sands may jump to 2.77 million barrels a day by 2015 [...]
Continue reading "Enbridge, BP all set to build a pipeline from Illinois to Texas"
Tuesday, August 5, 2008
BP intends to start a $100 mln experiment to test extraction techniques for increasing heavy oil on the North Slope. For more news, click here
Continue reading "BP to test ‘heavy oil’ drilling technologies"
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Friday, May 15, 2009