PARIS (16 July 2008) – Despite record high oil prices, the price of gas—which accounts for 25 percent of the European Union’s energy consumption—will continue to be pegged to oil for the foreseeable future, meaning higher gas prices as well, according to a new report by Cambridge Energy Research Associates (CERA). The report, An Enduring [...]

Americans are driving less and demanding greater fuel efficiency as a result of sustained high prices
Gasoline demand in the United States may have reached its peak, as rising prices lead consumers to make long-term decisions that will weaken demand in the years to come, according to a new analysis by Cambridge Energy Research Associates (CERA), [...]

Durango, CO, 04/15: A new report shows that Colorado taxpayers are paying more in taxes than the oil and gas companies producing in the state — even as these companies post enormous profits. Colorado taxpayers are paying 4.63% in tax, while the companies that are charging record prices at the pump and in our homes [...]

Release date: 22 May 2008
BP Egypt, on behalf of its joint venture partners in the Gulf of Suez Petroleum Company (GUPCO), announced today that oil production from the Saqqara field has started
The Saqqara field is located 12.5 kilometres offshore in the central Gulf of Suez. First oil was achieved on 15th May and following commissioning, [...]

Release date: 21 May 2008
BP and its co-venturers, ENI UK Ltd and Petro Summit Investment UK Ltd, today announced an oil discovery in North Sea Block 16/23s, some 230 kilometres north-east of Aberdeen, to be named Kinnoull
BP and co-venturers are now evaluating the Kinnoull discovery and potential development options, including a subsea development tied back [...]

Release date: 24 April 2008
BP announced today that it intends to take a 50 per cent stake in Tropical BioEnergia SA
BP announced today that it intends to take a 50 per cent stake in Tropical BioEnergia SA, a joint venture established by Brazilian companies Santelisa Vale and Maeda Group, which is constructing a 435 million [...]

Start-up of the DWG complex completes the third phase of development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea.
ACG participating interests are: BP (operator - 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), StatoilHydro (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).
The DWG complex is located in a [...]

This mining news was released on 31 January 2008.
BP Egypt today announced that it has made a significant gas discovery at record depths in the Nile Delta.
The Satis discovery is located in the North El Burg Offshore, Nile Delta concession, some 50 kilometres north of Damietta. The well was drilled to a Nile Delta record [...]

This news was released on 21 January 2008
World Future Energy Summit, Abu Dhabi
Masdar, Abu Dhabi’s initiative for renewable and alternative energy and clean technology, and Hydrogen Energy, the joint venture between BP Alternative Energy and Rio Tinto, today announced the signing of an agreement to work together on the front-end engineering design of an industrial-scale [...]

This mining news was released on 18 January 2008
BP announced today during a ceremony in the Great Hall of People in Beijing that it had signed a series of agreements to enhance its commitment to China. These agreements involve strategic integration and commercialisation of clean coal , wind power generation and world-class acetic acid production. [...]