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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Interview
Indonesia - October 20, 2017

Sacha Winzenried, PwC Indonesia’s energy, utilities and mining leader, talks to TOGY about the government’s plans to revise PSC terms and the future potential for…

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BPTT re-ups rigs
NEWS
Trinidad and Tobago - October 19, 2017

On Thursday, in preparation for a much-anticipated drilling campaign, BP Trinidad and Tobago (BPTT) entered into a new contract with Rowan Companies for use of the…

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Iraq calls on BP to develop Kirkuk oil
NEWS
Iraq - October 18, 2017

Iraq has called on BP to develop the Kirkuk oilfields, the country’s oil ministry said on Wednesday.

A statement from the Ministry of Oil said it has asked the…

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Japanese firms close to Adma-Opco deal
NEWS
Abu Dhabi - October 10, 2017

Japanese companies are in the final stages of renewal talks on the Adma-Opco concession, a Japanese Ministry of Economy, Trade and Industry official told journalists…

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Rosneft completes Zohr acquisition
NEWS
Egypt - October 09, 2017

Rosneft has finalised the purchase of a 30% stake in Eni’s Shourouk concession, which contains the massive Zohr gasfield offshore Egypt, the Russian oil giant…

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Oil down ahead of tropical storm
NEWS
Multinational - October 06, 2017

Crude oil continued to decline on Friday, as traders grew cautious due to the possibility of higher U.S. crude stocks caused by incoming tropical storm Nate and the…

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Interview
Mexico - September 28, 2017

John D. Lawrence, CEO of Petricore, talks to TOGY about working with IOCs that have recently entered the Mexican hydrocarbons industry and consolidating the company as…

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