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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Ireland welcomes international majors
NEWS
Ireland - February 11, 2016

Major international oil companies have scooped up offshore exploration acreage in the South Porcupine Basin, Irish officials announced on Thursday. Located in…

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Total boasts “best performance” in Q4
NEWS
France - February 11, 2016

Total saw a 26% fall in adjusted net income for Q4 2015, falling from USD 2.8 billion the year before to USD 2.1 billion, according to its financial report published…

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Interview
Iraq - February 10, 2016

Frank Baker, the UK’s ambassador to Iraq, talks to TOGY about how his embassy is assisting UK companies doing business in Iraq and the continued appeal of the Iraqi…

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India eyes boosting Venezuelan operations
NEWS
India - February 10, 2016

India’s state-run Oil and Natural Gas Corporation is considering a USD 500-million investment to restore a Venezuelan asset, Bloomberg reported Tuesday.

“We are…

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Morgan Stanley sees USD 70 oil by 2018
NEWS
USA - February 05, 2016

Morgan Stanley expects the oil markets to rebound before the end of 2016 and to gradually reach USD 70 per barrel by year-end 2018, the financial services firm said on…

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SapuraKencana bags multi-year contracts
NEWS
Malaysia - February 04, 2016

SapuraKencana has signed agreements to the tune of USD 382 million, the Malaysian oilfield services major said Thursday.

The majority of the work will be executed…

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Shell announces heavy job losses
NEWS
- February 04, 2016

Anglo-Dutch oil major Shell has confirmed it will cut as many as 10,000 jobs as a response to a dramatic fall in profits. The company recorded USD 1.8 billion in…

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ExxonMobil feels massive Q4 losses
NEWS
USA - February 02, 2016

ExxonMobil 2015 profits slid by 50% from the previous year’s USD 32.5 billion to USD 16.2 billion as its US upstream segments depreciate due to the low price of oil,…

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Oil prices put damper on BP profits
NEWS
UK - February 02, 2016

Oil major BP posted Q4 2015 profits of USD 196 million, undercutting analysts’ expectations by more than USD 620 million. The company recorded a profit of USD 2.24…

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