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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Eni ready to cut Zohr stake further
NEWS
Egypt - November 30, 2016

Eni, fresh of its deal with BP for a 10% stake in the Shorouk concession, which contains the Zohr field, has signalled it could drop its shareholding to 50%.

In…

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BP snags stake of Zohr gasfield
NEWS
Egypt - November 28, 2016

BP has bought into Egypt’s offshore Zohr gasfield, the largest gas discovery made in the Mediterranean to date.

The super major paid USD 375 million for a 10%…

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BP targets Q3 2017 for first Juniper gas
NEWS
Trinidad and Tobago - November 24, 2016

BP’s local subsidiary in Trinidad and Tobago, BPTT, is targeting the third quarter of 2017 for first gas from the offshore Juniper project, the company told TOGY on…

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BP, eying Iran, shields US CEO
NEWS
Iran - November 22, 2016

In a move that shows BP’s ambition to return to Iran, the company is taking great care to protect its CEO Bob Dudley, a US citizen, from sanctions, international…

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Saudi Arabia to put cards on table
NEWS
Saudi Arabia - November 16, 2016

Saudi Arabia is going to publish independently audited oil reserves figures in an effort to ensure the transparency of Saudi Aramco’s initial public offering,…

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BP, GE in digital technology tie-up
NEWS
- November 16, 2016

BP and GE on Tuesday launched Plant Operations Advisor (POA), a real-time asset management technology that was tested on a BP platform in the Gulf of Mexico.

BP will…

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Interview
Egypt - November 10, 2016

TOGY talks to Ian Hewitt, CEO of PICO International Petroleum, about the opportunities in developing Egypt’s mature assets as well as areas where the government can…

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