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 looking for China petchem exit
NEWS
China - August 09, 2016

BP is reportedly looking for ways to withdraw from its Shanghai SECCO petrochemicals joint venture, industry sources said on Tuesday.

BP, which holds a 50% stake in…

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Tangguh LNG backers line up
NEWS
Indonesia - August 09, 2016

Japan Oil, Gas & Metals National Corporation (Jogmec) late on Monday announced it had signed a loan guarantee agreement with the Japanese entities involved in…

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Basra province warns IOCs
NEWS
Iraq - August 05, 2016

International oil companies (IOC) and their subcontracted security firms have been issued a one-week ultimatum by the Basra provincial government in Iraq to make their…

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Interview
Oman - August 3, 2016

Hazem Helal, general manager of Petrojet Oman, talks to TOGY about their competitive advantage in oil and gas engineering, procurement and construction (EPC) projects…

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Alberto Saggese, president of GyP
Interview
Argentina - August 1, 2016

TOGY talks to Alberto Saggese, CEO of Gas y Petróleo del Neuquén (GyP) about the exploration and development of unconventional areas, pilot projects with some of the…

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Producers report lower results
NEWS
- July 28, 2016

In addition to majors Shell and BP, operators Statoil, ConocoPhillips and Repsol too posted their quarterly results over the past two days, reporting lower year-on-year…

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Interview
Oman - July 27, 2016

David Beniston, managing director of Andam International (AIL), speaks to TOGY about the services they provide to oil and gas companies, including top oil drilling, and…

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BP reigns in losses
NEWS
- July 26, 2016

BP announced its quarterly results on Tuesday, revealing a loss of USD 1.4 billion over the second quarter of 2016. Curtailed expenses helped counter a USD 15.9-billion…

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