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  • Once government approval is forthcoming operator BP Amoco will invest some $115m in two new projects in the mature UK North Sea includibg developing the South Everest discovery and phase two of the Lomond project.

    • Availability: Online
    • Record type: News Item

  • PanCanadian Petroleum, has struck a US$211m deal with BP Amoco to acquire its interests in the Scott and Telford oil fields in the UK central North Sea which will bring it production of about 14,000 b/d of light oil and 9m cf/d of gas from Scott. PanCanadian is swapping interests with BP Amoco in ot...

    • Availability: Online
    • Record type: News Item

  • 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. Th...

  • Although Britain ruled out a moratorium on deep water exploration, Norway said it had sufficient concerns to halt all new drilling until a full inquiry is conducted into the cause of BP's leak. The move will pressurize the British Government into putting the North Sea under more scrutiny as Britain'...

  • BPs new solar power venture has added another 57MW of generation capacity to its panel portfolio which can now power millions of UK homes. Lightsource BP made its latest multi-million pound acquisition through a £1bn partnership with BlackRocks renewables investment fund which it set up last ye...

  • BP Amoco will revert to being called BP and will drop its shield logo.

  • PetroChina, once to have been China's biggest privatisation, has failed to attract investors and been priced at the lower end of its range. Shares were priced at HK$1.28 each, according to bankers close to the deal, compared with a price range of between HK$1.24 and HK$1.51 per share.

  • The US Federal Trade Commission could approve BP Amoco's $30bn acquisition of Atlantic Richfield (Arco), the US oil group, as early as this week. Such approval could come as a result of resolving Exxon Mobil's legal challenge to the sale of Arco's Alaska assets to Phillips Petroleum, said people fam...

  • After 70 years of service, BP Amoco is ditching its traditional green shield logo as part of an international re-branding of the oil and gas concern. The move comes in the wake of this week's flurry of deals which BP continued yesterday with a fresh clutch of transactions designed to placate America...

  • UK-US oil major BP Amoco is the first foreign able to sell gas in Spain. It has signed gas sales agreements with two business customers at seven sites, the company announced yesterday. It has also agreed third party access terms with Spain's gas company Gas Natural for delivery of the gas to the cus...

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