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November 19, 2012
13:03 EDTBPBP doubles Trinidad find with discovery of 1 trillion cubic feet of gas
BP Trinidad & Tobago announced that it has discovered an estimated 1 trillion cubic feet, or tcf, of gas offshore Trinidad, doubling the estimated gas in place of the Savonette gas field, to 2tcf. BPTT made the announcement during a meeting in London between Minister of Energy and Energy Affairs, Kevin Ramnarine; Trinidad and Tobago’s High Commissioner to London, Garvin Nicholas; and BP representatives. The Savonette field was discovered in 2004 by the Chachalaca exploration well and began production in 2009 through a normally unmanned platform built in Trinidad at TOFCO. Based on the success of the Savonette 4 well, bpTT is proposing to drill a further two development wells into the Savonette reservoirs. The gas discovered began production in October, with the Savonette 4 well currently flowing at approximately 225 million standard cubic feet of gas a day, ramping up to 250mmscf/d. If successful, the two additional development wells are also expected to be brought into production over the next year to eighteen months.
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November 17, 2015
10:16 EDTBPBP confirms exploring sale of Alabama petrochemical facility
BP confirmed that it has decided to market for sale its Decatur, Alabama, petrochemicals complex as part of a broader reorganization of the company's global petrochemicals business. BP said its refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that utilize BP proprietary technology including the production of purified terephthalic acid, or PTA, a key raw material in the production of polyester. BP is spending $200M to upgrade its Cooper River, S.C., plant and its sister facility in Geel, Belgium - the largest PTA-producing sites in the Americas and Europe, respectively. The investment will enable the two facilities to lower operating costs, improve reliability and reduce emissions. Earlier this year, BP also started up its new Zhuhai 3 unit in Guangdong Province, China. Using BP's latest technology and capable of producing up to 1.25M tons of PTA per year, Zhuhai 3 is the world's largest single-train PTA production unit as well as being one of the largest and most efficient PTA production units in the world. While BP's Decatur complex no longer fits with this strategy, the facility has been a major contributor to BP's U.S. petrochemicals business for many years. It makes chemicals essential for the production of thousands of items, from plastic water bottles to flat-screen televisions. BP expects to complete a sale of all or part of the facility provided a buyer can be found and an acceptable deal can be reached. Reference Link
09:48 EDTBPBP to explore sale of Alabama petrochemical plant, Bloomberg reports
Bloomberg cites e-mailed statement from BP.
November 16, 2015
06:51 EDTBPBig energy firms saw 70% earnings dip for first nine months, WSJ says
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November 12, 2015
16:18 EDTBPBP awards FleetCor long-term contract
FleetCor Technologies (FLT) announced that BP Products North America (BP) has extended its contract with FleetCor to provide commercial fleet card processing and program management for all of its fleet card products.

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