Latest BP Plc News

Saudi Aramco readies for IPO with deal with India's Reliance

Aug. 12, 2019 9:49 AM EDT

NEW DELHI (AP) — Oil giant Saudi Aramco is set to buy 20% of Indian conglomerate Reliance Industries' oil and chemicals business for about $15 billion, in a deal that gives it further heft and diversity ahead of a long-awaited IPO. For India, the preliminary agreement amounts to one of the country's...

Adding 3 miles of breakwaters at Louisiana wildlife refuge

Aug. 10, 2019 10:37 AM EDT

ROCKEFELLER WILDLIFE REFUGE, La. (AP) — Louisiana is adding three miles of breakwaters to protect a state wildlife refuge where the shoreline is rapidly eroding and the bottom is extremely soft. The new work is in addition to four miles of breakwaters already built along the Rockefeller Wildlife Refuge in...

BP says 2nd quarter earnings were flat

Jul. 30, 2019 5:47 AM EDT

LONDON (AP) — BP says second-quarter earnings were flat as increased production offset lower oil prices. Its underlying replacement cost profit — the industry's preferred measure — remained at $2.81 billion. Production rose 4% from a year earlier to the equivalent of 3.8 million barrels of...

Alaska plan to partner with Chinese on gas line scrapped

Jul. 27, 2019 11:04 AM EDT

ANCHORAGE, Alaska (AP) — Former Gov. Bill Walker's push to work with partners in China to advance a major liquefied natural gas project in Alaska has been scrapped. Walker's successor, Gov. Mike Dunleavy, is taking a different approach, reports the Alaska Journal of Commerce. Joe Dubler, interim president...

Contracts signed to build new African American museum in SC

Jul. 17, 2019 1:08 PM EDT

CHARLESTON, S.C. (AP) — Crews are ready to start construction on a museum in South Carolina chronicling the history of African Americans built on the site where thousands of slaves first stepped on U.S. soil. The Charleston City Council on Tuesday approved $60 million in contracts to begin work on the...

Britain says Iranian vessels tried to block tanker in Gulf

Jul. 11, 2019 11:59 AM EDT

DUBAI, United Arab Emirates (AP) — The British navy said Thursday it stopped three Iranian paramilitary vessels from disrupting the passage of a British oil tanker through the Strait of Hormuz in a brief but tense standoff stemming from the U.K.'s role in seizing an Iranian supertanker a week earlier. The...

Dubai's DP World acquires oil shipping firm Topaz for $1.1B

Jul. 1, 2019 8:44 AM EDT

DUBAI, United Arab Emirates (AP) — International port operator DP World has acquired a major oil and gas marine logistics provider for nearly $1.1 billion. Dubai-based DP World announced on Monday that it had acquired 100% of Topaz from the Oman-listed Renaissance Services, furthering the port operator's...

Edwards signs $700M Louisiana roadwork bill paid by BP money

Jun. 28, 2019 12:24 PM EDT

BATON ROUGE, La. (AP) — Gov. John Bel Edwards has signed one of the last outstanding bills from the legislative session, steering $700 million in oil spill recovery money to road, bridge and port projects. The Democratic governor touted the plans at a signing event Friday in West Baton Rouge Parish, near...

Hidden oil spill: New study contradicts owner's claims

Jun. 24, 2019 9:02 PM EDT

NEW ORLEANS (AP) — A new federally led study of oil seeping from a platform toppled off Louisiana's coast 14½ years ago found releases lower than other recent estimates, but contradicts the well owner's assertions about the amount and source of oil. Oil and gas have been leaking into the Gulf of...

Jay Inslee: End government partnership with fossil fuels

Jun. 24, 2019 8:42 PM EDT

Democratic presidential candidate Jay Inslee is proposing a clean break between the federal government and the fossil fuel industry, ending tax breaks for oil companies and banning all drilling and extraction on federal lands and beneath federal waters. It's the latest proposal stemming from Inslee's emphasis on...