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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Egypt ups gas price paid to Eni, Edison
NEWS
Egypt - July 06, 2015

In a bid to encourage growth in its natural gas industry, Egypt’s government has raised prices paid to Eni and Edison for gas they produce in the country.

The two…

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BP to pay $18.7 billion for 2010 spill
NEWS
USA - July 03, 2015

BP has agreed to an $18.7-billion settlement for the 2010 Deepwater Horizon oil spill.

The deal, reached on Thursday, includes the largest payment for a pollution…

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Graham Binns
Interview
Iraq - July 2, 2015

Graham Binns, CEO of the UK’s Aegis Defence Services, which advises companies on the many aspects of security-related matters, discusses the role security firms play…

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Interview
Oman - July 1, 2015

The UK is Oman’s biggest foreign investor and one of its top trading partners, with exports of UK goods to Oman doubling between 2007 and 2014. Jonathan Wilks, UK…

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US light oil exports double in 2015
NEWS
USA - June 29, 2015

US exports of ultra-light crude oil reached 120,000 barrels of oil per day (bopd) in May, double the 60,000-bopd figure seen at the beginning of the year.

Europe is…

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OneSubsea, FMC win Shah Deniz contracts
NEWS
Azerbaijan - June 23, 2015

Two new contracts have been awarded for the Shah Deniz 2 project offshore Azerbaijan.

A $297-million contract for the supply of the subsea production system hardware…

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Bank says Qatari gas to last 138 years
NEWS
Qatar - June 22, 2015

The Qatar National Bank has said the country can maintain its current level of gas production for 138 years.

The bank’s official “Economic Commentary” report,…

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Rosneft sells minority stake to BP
NEWS
Russia - June 19, 2015

Russian state-run oil and gas company Rosneft has sold a minority stake in an east Siberian oil production company to BP.

BP will pay an estimated $750 million for a…

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Bolivia to open up to exploration
NEWS
Brazil - June 19, 2015

Eight parks in Bolivia to open to oil exploration, the Bolivian government confirmed on Wednesday.

“We are talking about eight parks, but it’s not a new thing…

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