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Russia Oil Gas Magazine

Shawcor: Awarded Second Contract Worth $200m USD for Shah Deniz Stage 2

ShawCor Ltd. today announced that its Bredero Shaw pipe coating division has received a second contract with a value of approximately US$200 million from BP Exploration (Shah Deniz) Limited for pipeline coating for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian …

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Exploration Drilling Production Technology

BP: New Core Flood Robot Enhances Oil Recovery Techniques

BP announced today that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures …

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Russia Oil Gas Magazine

Emerson: BP Awards $40m USD Shah Deniz 2 Automation Contract

BP has awarded Emerson Process Management, a global business of Emerson, a contract in excess of US$40 million to be the Main Automation Contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Emerson will provide integrated control and safety systems to help …

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BP: Statement on Gulf of Mexico

BP strongly disagrees with the decision issued today by the United States District Court for the Eastern District of Louisiana and will immediately appeal to the United States Court of Appeals for the Fifth Circuit. BP believes that the finding that it was grossly negligent with respect to the accident …

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Halliburton Pays $1.1bn to Cover Macondo Well Settlement

Halliburton announced that it has reached an agreement to settle a substantial majority of the plaintiffs’ class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico.  The approximately $1.1 billion settlement, which includes legal fees, is subject to approval …

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BP Reports Second Quarter 2014 Results

BP today announced its financial results for the second quarter of 2014. Underlying replacement cost profits for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of …

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Rosneft and BP Signed a Long-Term Contract for the Delivery of Oil Products on a Pre-Paid Basis

Rosneft and BP Oil International Limited signed a set of agreements designed to organize long-term deliveries of oil products and oil on a pre-paid basis. The terms of transaction provide for export deliveries of oil products with possible substitution with oil of up to 12 million tons within 5 years …

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Rosneft and BP Sign Agreement on Development of Domanik Formations

Rosneft and BP Exploration Operating Company Limited signed a Heads of Agreement on Domanik formations. The document was signed today within the framework of the St. Petersburg International Economic Forum by Rosneft President and Chairman of the Management Board Igor Sechin and BP Russia President David Campbell. The signature ceremony …

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Expro Group: Wins Shah Deniz Subsea Contract

Leading international oilfield services company, Expro, has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will see Expro provide completion landing string equipment and …

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BP Russia: David Campbell Appointed President

BP announced the appointment of David Campbell as President of BP Russia, reporting directly to Bob Dudley, BP Group Chief Executive. Campbell, who is currently Head of the Group Chief Executive’s Office in London, will be based in Moscow. He has 30 years’ experience in BP, in commercial, technical and …

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