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 wards off Gulf moratorium suits
NEWS
USA - March 11, 2016

A Thursday court ruling has safeguarded BP from future lawsuits by oil and gas companies and services entities seeking damages over losses incurred due the ban on…

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Algeria to boost pipeline capacity
NEWS
Algeria - March 08, 2016

Sonatrach, Algeria’s government-owned oil and gas company, has said it would invest around USD 3.2 billion in pipelines and related infrastructure over the next four…

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Total chases Uruguayan elephant
NEWS
- March 08, 2016

Total is expected to start exploration drilling offshore Uruguay over the next several weeks, the company’s director for exploration, Christian Tichatschke, said on…

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Iraq to pay remaining arrears
NEWS
Iraq - March 04, 2016

Iraq will pay its outstanding debt to international oil companies (IOCs) in April, the country’s deputy minister of oil, Fayadh al Nema, announced on Friday, saying…

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Subsea 7 hits BP jackpot in Egypt
NEWS
Egypt - February 26, 2016

Specialised engineering, construction and services company Subsea 7 announced a major contract award on Thursday that will see the company assist BP and partner DEA of…

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Shell surpasses Chevron
NEWS
Netherlands - February 16, 2016

Shell has passed fellow super-major Chevron to become the second-biggest non-state oil company after merging with BG Group on Monday.

The merger was launched in…

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BP kicks off In Salah project in Algeria
NEWS
Algeria - February 16, 2016

The Southern Fields project on the giant In Salah venture in Algeria has been green lit, UK super-major BP announced today in a press release.

The project is the…

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BP to invest in Oman field
NEWS
Oman - February 15, 2016

BP has signed an agreement to invest USD 16 billion in the Khazzan natural gasfield along with state-run Oman Oil, the UK petroleum giant said in a press release…

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