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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
BP invests £664m in North Sea
BP yesterday promised a resurgence in North Sea activity, earmarking almost £664m to be spent on a range of projects in untapped reserves. Spending next year is to be increased further in what the petrochemicals group described as an 'exciting' area as oil prices remain close to a nine-year high. The global oil industry's second largest company is awash with cash after reporting record second-quarter profits - 164% higher at £2.4bn - and is under pressure to spend it or give it back to shareholders through buybacks.
News Item details
Websites:
http://www.guardian.co.uk
Organisation: BP
Subjects: Information technology, Resource use and management, Trading, Project Management, Oil, Reserves
