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 axes one-fifth of employees in Norway
NEWS
Norway - January 28, 2016

BP plans on axing almost one-fifth of its employees in Norway, the super-major announced to its employees at a meeting yesterday.

By 2017, 210 positions should be…

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Interview
Iraq - January 27, 2016

Wadié R. Habboush, president and CEO of Habboush Group, talks to TOGY about the approaches Iraq can take to attract more FDI. He also offers his perspective on the…

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Interview
Iraq - January 22, 2016

Sander van Reijzen, Commercial Head of Sales, Oil & Gas Processing, talks to TOGY about the advantages of contracting directly with the operators in Iraq. Active in the…

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Shell profits halved in 2015
NEWS
Netherlands - January 20, 2016

Shell expects Q4 2015 profits to be up to 50% lower than 2014 with full year write-offs of USD 7 billion, the super-major stated Wednesday in its first preliminary…

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Interview
Indonesia - January 19, 2016

Gunawan Susanto, president director of IBM Indonesia, speaks to TOGY about the growing role technology has in expanding Indonesia’s energy industry. With more than…

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Shell abandons Bab gas project
NEWS
- January 18, 2016

Shell announced its departure from the Abu Dhabi sour gas development at the Bab gasfield on January 18th. The announcement follows a day of tumultuous trading that saw…

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BP defers US offshore projects
NEWS
USA - January 15, 2016

BP has deferred the request for tenders on two Gulf of Mexico offshore projects, Mad Dog 2 and Hopkins, due to the descent in crude oil prices, online newspaper…

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BP downsizes in a down market
NEWS
UK - January 12, 2016

BP will slash around 4,000 upstream jobs globally, including 600 positions from its North Sea operations by the end of 2017, the super-major announced Tuesday.

The…

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