Salem bin ASHOOR

Chief Representative and General Manager, UAE

BP

The aim is to diversify away from traditional fossil fuel production faster than any of our peers while significantly scaling up our low-carbon energy investments.
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BP In Figures

2022 revenue: USD 248.9 billion

2022 EBITDA: USD 60.7 billion

BP is a multinational oil and gas company headquartered in London. It is among the oil and gas supermajors and one of the world’s largest companies by revenue. The company is listed on the London Stock Exchange and the New York Stock Exchange with the ticker BP.

BP participates in all segments of the oil and gas sector, including exploration, extraction, refining, distribution and marketing. It is also involved in power generation and various forms of trading. The company divides its activity into three business groups:

  • Gas and low-carbon energy, which includes the integrated gas and LNG businesses, onshore and offshore wind, hydrogen and CCS, gas and power trading, marketing of renewable and non-renewable power, and BP’s 50% stake in Lightsource
  • Production and operations, including exploration, development of hydrocarbons resources, operation of oil and gas assets, and operation of refineries, terminals and pipelines
  • Customers and products is BP’s largest business by revenue. It includes retail fuel operations, EV charging stations, Castrol-brand lubricants, aviation fuel, B2B and midstream, refining and oil trading, and bioenergy

As of 2022, the company’s upstream production was around 2.3 million bopd, and it had 2.2 GW of installed renewable capacity. The company has about 20,650 retail sites in 70 countries around the world, and 22,000 EV charging stations.

BP News and Interviews

Abu Dhabi’s ADNOC inks LNG supply deal with Indian Oil
NEWS
UAE - September 09, 2024

Abu Dhabi's ADNOC has signed a 15-year LNG deal for the supply of 1 million tonnes per year to Indian Oil.

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KBR wins engineering contract for Brazilian FPSOs
NEWS
Brazil - September 09, 2024

KBR has won engineering contracts from Seatrium for the topsides facilities of two new FPSOs to be deployed by Petrobras in…

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Equinor cancels wind projects in Spain, Vietnam, Portugal
NEWS
Multinational - September 05, 2024

Equinor has cancelled offshore wind projects in Spain and Portugal and exited Vietnam's offshore wind market.

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Perenco picks up four BP gasfields in Trinidad
NEWS
Trinidad and Tobago - September 04, 2024

BP has divested four offshore gasfields in Trinidad and Tobago to French independent Perenco.

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BP in $1.7-bln Deepwater Horizon charge
NEWS
USA - January 16, 2018

BP will incur a new USD 1.7-billion charge over the 2010 Deepwater Horizon disaster in the Gulf of Mexico, the super-major announced on Tuesday.

While the Court…

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Interview
Angola - January 03, 2018

Paulo Guedes, the general manager of Sociedade de Operações e Manutenção de Gasodutos (SOMG), talks to TOGY about the potential to integrate additional fields into…

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BP, Rosneft to drill in Russian Arctic
NEWS
Russia - December 22, 2017

Rosneft and BP have agreed to jointly develop oil and gas reserves in the Kharampurskoe and Festivalnoye licences in the Yamal-Nenets region in the Russian…

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Eni brings Zohr on stream
NEWS
Egypt - December 20, 2017

The massive Zohr gasfield offshore Egypt has started production, operator Eni announced on Wednesday.

The super-major said that the concession was developed in less…

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Petrofac bags Oman, Iraq deals
NEWS
Oman - December 13, 2017

Petrofac has signed deals worth almost USD 1 billion in Oman and Iraq, the engineering major announced on Wednesday and Thursday.

BP hired the company to work on the…

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ExxonMobil enters Mexico fuel sector
NEWS
Mexico - December 07, 2017

ExxonMobil is partnering with Mexico’s Grupo Orsan in the country’s fuel retail sector, the US super-major announced Wednesday in a press statement.

The…

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Interview
Abu Dhabi - December 07, 2017

Saif Alghfeli, the CEO of ADNOC Onshore, talks to TOGY about the transformation of the company since the latest concession agreement and how new partnerships will lead…

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BP in North Sea sale
NEWS
UK - November 22, 2017

BP has agreed to sell North Sea assets worth about GBP 300 million to Serica Energy, the super-major announced on Tuesday.

BP will keep just 1% of its 37% Bruce…

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