BP news
BP agrees to sell its petrochemicals business
BP has announced its agreement to sell its petrochemicals business to INEOS for US$5 billion.
bp releases its Statistical Review of World Energy 2020
bp has announced the release of its annual Statistical Review of World Energy.
BP licenses PTA technology to Dongying Weilian Chemical
BP has licensed its latest generation purified terephthalic acid technol-ogy to Dongying Weilian Chemical in China.
GlobalData comments on recent oil and gas companies’ 1Q20 results
GlobalData has released a comment on the recent 1Q20 results of several oil and gas companies, highlighting the industry’s volatility.
BP confirms commitment to sale of Alaska business
BP and Hilcorp have successfully renegotiated the financial terms of BP’s sale of its Alaska business.
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.