BP news

GlobalData has released a comment on the recent 1Q20 results of several oil and gas companies, highlighting the industry’s volatility.

BP and Hilcorp have successfully renegotiated the financial terms of BP’s sale of its Alaska business.

IFM Global Infrastructure Fund has contributed its equity interest in Freeport LNG’s Train 2 into Buckeye Partners.

VARO has completed its acquisition of additional shares in the Bayernoil refinery, making it the majority shareholder.

BP and Reliance Industries have signed an agreement relating to the formation of their Indian fuels and mobility joint venture.

BP and Bunge have announced that the formation of their Brazilian bioenergy joint venture, BP Bunge Bioenergia, has been completed.

GlobalData has reported that several top oil and gas companies are expanding their usage of predictive maintenance tools to monitor equipment.

BP has announced plans to construct a US$25 million pilot plant to test its new PET plastic recycling technology.

BP and ZPCC have signed an agreement to explore the creation of an acetic acid joint venture in China.

BP’s chief executive, Bob Dudley, will step down next year and be succeeded by Bernard Looney.