BP news
Buckeye Partners receives IFM GIF’s interest in Freeport LNG Train 2
IFM Global Infrastructure Fund has contributed its equity interest in Freeport LNG’s Train 2 into Buckeye Partners.
VARO becomes majority shareholder in Bayernoil refinery
VARO has completed its acquisition of additional shares in the Bayernoil refinery, making it the majority shareholder.
Reliance and BP advance fuels partnership
BP and Reliance Industries have signed an agreement relating to the formation of their Indian fuels and mobility joint venture.
BP Bunge Bioenergia formation completed
BP and Bunge have announced that the formation of their Brazilian bioenergy joint venture, BP Bunge Bioenergia, has been completed.
Top oil and gas companies continue to expand predictive maintenance usage
GlobalData has reported that several top oil and gas companies are expanding their usage of predictive maintenance tools to monitor equipment.
BP unveils new plastic recycling technology
BP has announced plans to construct a US$25 million pilot plant to test its new PET plastic recycling technology.
BP and ZPCC sign acetic acid MoU
BP and ZPCC have signed an agreement to explore the creation of an acetic acid joint venture in China.
BP chief executive Bob Dudley to retire
BP’s chief executive, Bob Dudley, will step down next year and be succeeded by Bernard Looney.
BP enters 50:50 joint venture with Bunge to create bioenergy company
BP and Bunge will combine their Brazilian biofuel and biopower businesses to create a joint venture named BP Bunge Bioenergia.
BP invests in technology to produce animal feeds from natural gas
BP has invested US$30 million in Calysta, a company which uses natural gas to produce protein for animal feeds.