BP Profits Soar

Tuesday, February 05, 2008
BP Plc reportedly posted a 53 percent jump in fourth-quarter profit as production rose, according to a Bloomberg report. Output rose for the first time since 2Q ‘05 because of new fields in Angola, Trinidad and the Gulf of Mexico. BP expects to raise extraction to more than 4 million BOE a day in 2009, which will rise to about 4.3 million barrels a day in 2012. BP in December started oil and gas exports from the Atlantis platform after a one-year delay. Pumping will reach plateau production, 200,000 barrels of oil and 180 million cubic feet of gas a day, by the end of 2008, the company said. It also plans to begin production at Thunder Horse by the end of 2008. BP started pumping crude from the Greater Plutonio field off the Angolan coast in October and natural gas from two fields offshore Trinidad in November and December.

People & Company News

MN100: Metal Shark Boats

The Company: Metal Shark is a leading shipbuilder specializing in the design and production of boats and ships for military, law enforcement, fire rescue, and

JSMEA to Host Smart Ship Seminar at SMM

Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry.

MN100: Safety Management Systems, LLC

The Company: A leading US maritime consultancy established in 1996, SMSLLC provides practical risk mitigation solutions for vessel operators and stakeholders.

Energy

Höegh LNG Speeds up FSRU Conversion

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project,

South Africa Workshop Promotes Ship Energy Efficiency

An International Maritime Organization (IMO) workshop is raising awareness of the Organization’s regulatory regime dealing with improving energy efficiency and

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0823 sec (12 req/sec)