Vintage photo of BP's head office at Britannic House Skyscraper in London

Product Information

The start of production of Clair Ridge follows the start-up earlier in 2018 of five other Upstream major projects: Atoll Phase One, offshore Egypt, Shah Deniz 2 gas development in Azerbaijan, TAAS expansion project in Russia, Western Flank B offshore Western Australia and Thunderhorse Northwest Expansion in the Gulf of Mexico. The eight Clair Ridge modules plus the bridge connecting the platforms were constructed at the Hyundai Heavy Industries (HHI) yard in South Korea.

And we did so again, this February, when we provided an update on bp’s strategic progress – shaped by conversations the board had been having since the middle of 2022. BP Upstream's activities include exploring for new oil and natural gas resources, developing access to such resources, and producing, transporting, storing and processing oil and natural gas. [257] [258] The activities in this area of operations take place in 25countries worldwide. In 2018, BP produced around 3.7 million barrels per day (590 × 10 The National Portrait Gallery reserves the right to substitute the prize with a prize of similar value at its own discretion.Retail operations of motor vehicle fuels in Europe are present in the United Kingdom, France, Germany (through the Aral brand), the Netherlands, Switzerland, Italy, Austria, Poland, Greece and Turkey. [246] [247] [248] In addition to the platforms, the Clair Ridge project also included new pipeline infrastructure with the installation of a 5.5-kilometre, 22-inch oil export pipeline tying into the Clair Phase 1 export pipeline. Oil from Clair is exported to the Sullom Voe Terminal on Shetland.

What began as a young persons’ movement spread rapidly through our institutions, the business world, and the capital markets. Further information: Anglo-Iranian Oil Company and Iraq Petroleum Company William Knox D'Arcy A BP Motor Spirit advertisement from 1922 Uber aims to have 100% of rides on the platform in electric vehicles, micromobility or public transit by 2040; bp’s ambition is to become a net zero company by 2050 or sooner and to help the world get to net zero.In 1981, British Petroleum entered into the solar technology sector by acquiring 50% of Lucas Energy Systems, a company which became Lucas BP Solar Systems, and later BP Solar. The company was a manufacturer and installer of photovoltaic solar cells. It became wholly owned by British Petroleum in the mid-1980s. [84] They are executing a strategy that your board believes should see bp successfully through the energy transition. Whether you are among those who have stayed with bp as we continue our transition to become an integrated energy company. And we knew that even the right choices in one context might need to be adjusted as circumstances change. The group said 25 protesters attempted to enter the central London meeting, which was only open to BP investors, after buying individual shares in the company. Many were barred from entering after being found with banners.

It began to bring what the world wanted more closely in line with what the world needed.And we also saw in this change a clear opportunity for bp. By entering the competition, all entrants will be deemed to have accepted and agreed to be bound by these rules. BP's upstream activities in the Lower 48states are conducted through Denver-based BPX Energy. [153] It has a 7.5 billion barrels (1.19billion cubic metres) resource base on 5.7million acres (23,000km 2). [202] It has shale positions in the Woodford, Oklahoma, Haynesville, Texas, and Eagle Ford, Texas shales. [203] [204] It has unconventional gas ( shale gas or tight gas) stakes also in Colorado, New Mexico and Wyoming, primarily in the San Juan Basin. [205] [206] [207]Access to bp’s high speed charging network to help drivers on Uber’s platform make the switch to EVs. A new 14.6-kilometre, six-inch gas export pipeline tying Clair Ridge into the West of Shetland Pipeline Systems (WOSPS) was also installed as part of the project. The WOSPS transports gas from West of Shetland to the Sullom Voe Terminal. You need to be taking action right now, today,” said one female protester. “It’s not enough. It’s just not good enough. People are dying because of your operations now. Step up and take responsibility. Stop your drilling. Stop your lies.”

Clair Ridge is the second phase of development of the Clair field, 75 kilometres West of Shetland. The field, which was discovered in 1977, has an estimated seven billion barrels of hydrocarbons. We judged that bp has the capabilities with which to help build the energy system of the future – capabilities that we believe can create value for our shareholders along the way. BP operated in Singapore until 2004 when it sold its retail network of 28 stations and LPG business to Singapore Petroleum Company (SPC). It also sold its 50% in SPC. [255]The winning entrant will be chosen at random by the National Portrait Gallery from all completed and valid entries received by the closing date. The decision is final and non-negotiable. And now more than 40 years after the original discovery, we have first oil from Clair Ridge, one of the largest recent investments in the UK. This is a major milestone for our Upstream business and highlights BP’s continued commitment to the North Sea region.” In 1947, British Petroleum Chemicals was incorporated as a joint venture of AIOC and The Distillers Company. In 1956, the company was renamed British Hydrocarbon Chemicals. [46]