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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CNH declares Mexico auction void
NEWS
Mexico - November 07, 2017

Mexico’s National Hydrocarbons Commission (CNH) declared an auction void on Monday after it received no proposals from companies wishing to become the marketer of the…

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AmCham and TOGY partner in Angola
NEWS
Angola - November 07, 2017

The American Chamber of Commerce (AmCham Angola) signed a partnership agreement with TOGY on Monday to promote the new direction that Angola is taking following the…

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Interview
Mexico - November 02, 2017

Jim Nyquist, group president of systems and solutions for Emerson Automation Solutions, talks to TOGY about how companies operating in the oil and gas industry adapt to…

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BP in the black, buys back shares
NEWS
Multinational - October 31, 2017

BP said on Tuesday that it would start buying back shares next quarter as it posted Q3 net income of USD 1.87 billion, or about double its profit from the same period…

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Indian firms in ADNOC Offshore talks
NEWS
Abu Dhabi - October 30, 2017

Four Indian operators are in talks to take a stake in ADNOC Offshore (previously Adma-Opco) when the concession expires in 2018, Indian officials said Friday.

ONGC…

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Pemex commits to sustainability plan
NEWS
Mexico - October 30, 2017

Mexican NOC Pemex is targeting a 25% reduction in carbon dioxide emissions by 2021, the company announced at an Oil and Gas Climate Initiative meeting on Sunday.…

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Interview
Trinidad and Tobago - October 27, 2017

Javed Mohammed, general manager of Trinidad Offshore Fabricators (Tofco), talks to TOGY about the importance and impact of the construction of the massive Juniper…

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Hess divests Norway assets for $2 bln
NEWS
Multinational - October 24, 2017

Hess Corporation has agreed to sell its oil and gas assets in Norway to Aker BP for USD 2 billion, Hess announced on Tuesday. 

The company is also in the process of…

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