Weekly News Roundup: BP plc (NYSE:BP)

Weekly News Roundup: BP plc (NYSE:BP)

Posted on 26 Nov 2011

Here’s a run-down of BP plc (NYSE:BP) news briefs from final week. BP plc (NYSE:BP) shares finished a week during 39.41 (as of 11/25/2011).

Weekly News Roundup: BP plc (NYSE:BP)

Monday 21 November

BP plc (NYSE:BP) has motionless to sell some of a Gulf of Mexico resources to Stone Energy.
According to an proclamation done by a UK formed oil hulk BP plc (NYSE:BP), it will sell a interests in dual fields in a deepwater Gulf of Mexico to Stone Energy for $204 million in cash.

Bob Dudley, Chief Executive of BP plc (NYSE:BP) said, “We continue to make swell in a divestment module as we concentration on BP plc (NYSE:BP)’s areas of strength around a world. The sale of these mature resources will concede us to combine a efforts on a vital prolongation hubs and poignant expansion opportunities that BP plc (NYSE:BP) has in a Gulf of Mexico.”

Tuesday 22 November

BP plc (NYSE:BP) has perceived dual oil and gas prolongation pity contracts in Indonesia.
The UK formed oil hulk BP plc (NYSE:BP) has been awarded 100% seductiveness in a offshore West Aru we and II PSCs in a Arafura Sea, Indonesia.

West Aru we PSC covers an area of 8,100 block kilometers and a West Aru II PSC covers 8,300 block kilometers that have H2O inlet trimming between 200 meters and 2,500 meters.

BP plc (NYSE:BP) is approaching to start seismic operations in these blocks in a nearby future.

Wednesday 23 November

BP plc (NYSE:BP) has comparison Omega Completion Technology to supply valves for a Clair Ridge project.
The UK formed oil hulk BP plc (NYSE:BP) has engaged Omega Completion Technology to supply a Command Activated Sandface valves for a Clair Ridge plan west of Shetland.

The valves are underneath construction and approaching to be delivered in Feb 2012.

Mark Buyers, handling executive of Omega said, “BP plc (NYSE:BP) chose a apparatus especially as a outcome of use knowledge with a identical Omega execution valve in a Norwegian zone over a past 4 years.”

Thursday 24 November

BP plc (NYSE:BP) has entered into a new bargain with Indian Oil Corporation (IOC).
According to a newly sealed chit of understanding, both BP plc (NYSE:BP) and IOC have concluded to set adult a 50: 50 corner try acetic poison plant in Gujarat state in India.

Both BP plc (NYSE:BP) and IOC are now watchful for a feasibility news of a project, that is approaching to be consecrated in 2015.

According to officials, “By a time a corner try plant is due to come adult (in 2015) a opening would be about one million ton, that is a due ability of this plant.”

Friday 25 November

BP plc (NYSE:BP) has motionless to support Turkey’s Middle East Technical University.
As a partial of a pierce directed during providing technical training and general acceptance to Turkish engineers, a UK formed oil hulk BP plc (NYSE:BP) and a co-ventures in a Shah Deniz consortium have announced new module to support Turkey’s Middle East Technical University (METU).

Rashid Javanshir, BP plc (NYSE:BP)’s President for a Azerbaijan-Georgia-Turkey Region said, “We are really gratified to have this event to support this superb Turkish university in training engineers who we trust will significantly minister to Turkey’s efforts as it undertakes this new vicious role.”