The eight Clair Ridge modules plus the bridge connecting the platforms were constructed at the Hyundai Heavy Industries (HHI) yard in South Korea. Of course, what we didn’t know then was how – or how soon – we would need to exercise that flexibility.

Since 1951, BP has annually published its Statistical Review of World Energy, which is considered an energy industry benchmark. [181] Operations by location [ edit ] United Kingdom [ edit ] The BP chemicals plant in Saltend near Hull, United Kingdom A new 14.6-kilometre, six-inch gas export pipeline tying Clair Ridge into the West of Shetland Pipeline Systems (WOSPS) was also installed as part of the project. The WOSPS transports gas from West of Shetland to the Sullom Voe Terminal. Walters was replaced by Robert Horton in 1990. Horton carried out a major corporate downsizing exercise, removing various tiers of management at the head office. [81] In 1992, British Petroleum sold off its 57% stake in BP Canada ( upstream operations), which was renamed as Talisman Energy. [82] John Browne, who had joined BP in 1966 and rose through the ranks to join the board as managing director in 1991, was appointed group chief executive in 1995. [83]In Iran, British Petroleum continued to operate until the Islamic Revolution in 1979. The new regime of Ayatollah Khomeini nationalised all of the company's assets in Iran without compensation: as a result, BP lost 40% of its global crude oil supplies. [69] The first phase of development of Clair began production in 2005, targeting approximately 300 million barrels of recoverable resources via the first fixed offshore facility to be installed in the West of Shetland area. Paula Reynolds will then make some remarks on remuneration. And Ben Mathews will cover the procedural arrangements for today’s meeting. BP's upstream activities in the Lower 48states are conducted through Denver-based BPX Energy. [153] It has a 7.5 billion barrels (1.19billion cubic metres) resource base on 5.7million acres (23,000km 2). [202] It has shale positions in the Woodford, Oklahoma, Haynesville, Texas, and Eagle Ford, Texas shales. [203] [204] It has unconventional gas ( shale gas or tight gas) stakes also in Colorado, New Mexico and Wyoming, primarily in the San Juan Basin. [205] [206] [207]

In 2018, BP acquired Chargemaster, which operated the UK's largest electric vehicle charging network. [156] In 2019, BP and Didi Chuxing formed a joint venture to build out electric vehicle charging infrastructure in China. In September 2020, BP announced it will build out a rapid charging network in London for Uber. [157]In 1934, APOC and Gulf Oil founded the Kuwait Oil Company as an equally owned partnership. The oil concession rights were awarded to the company on 23 December 1934 and the company started drilling operations in 1936. [41] [42] In 1935, Rezā Shāh requested the international community to refer to Persia as ' Iran', which was reflected in the name change of APOC to the Anglo-Iranian Oil Company (AIOC). [43] In May 1908, a group of British geologists discovered a large amount of oil at Masjed Soleyman located in the Khuzestan Province in the southwest of Persia ( Iran). It was the first commercially significant find of oil in the Middle East. William Knox D'Arcy, by contract with Ali-Qoli Khan Bakhtiari, obtained permission to explore for oil for the first time in the Middle East, [24] an event which changed the history of the entire region. The oil discovery led to petrochemical industry development and also the establishment of industries that strongly depended on oil. On 14 April 1909, the Anglo-Persian Oil Company (APOC) was incorporated as a subsidiary of Burmah Oil Company. Some of the shares were sold to the public. [25] The first chairman and minority shareholder of the company became Lord Strathcona. [26] Producing the energy on which societies depend today – while helping to build the energy system for tomorrow.

The start of production of Clair Ridge follows the start-up earlier in 2018 of five other Upstream major projects: Atoll Phase One, offshore Egypt, Shah Deniz 2 gas development in Azerbaijan, TAAS expansion project in Russia, Western Flank B offshore Western Australia and Thunderhorse Northwest Expansion in the Gulf of Mexico. In 1992, the company entered the Azerbaijani market. In 1994, it signed the production sharing agreement for the Azeri–Chirag–Guneshli oil project and in 1995 for the Shah Deniz gas field development. [87] 1998 to 2009 [ edit ] BP was also challenged over its record on gas “flaring” in southern Iraq. The avoidable burning off of gas released from oilwells results in large plumes of fire and has led to dangerous levels of air pollution in the area. With the strength of the support you have shown us, bp will continue performing while transforming. bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition. For more information visit bp.com.Today, thousands of London EV drivers on Uber use bp pulse for their charging needs, averaging over 2500 charges per week on more than 1000 different charge points this year. The relationship includes access to charge points at bp pulse charging hubs in London’s Park Lane and Kentish Town. The two businesses continue to work together to identify the best locations for charging hubs for the benefit of Uber drivers and the wider EV community. The United States operations comprise nearly one-third of BP's operations. [192] BP employs approximately 14,000people in the United States. [193] In 2018, BP's total production in the United States included 385,000 barrels per day (61,200m 3/d) of oil and 1.9billion cubic feet per day (54million cubic metres per day) of natural gas, [194] and its refinery throughput was 703,000 barrels per day (111,800m 3/d). [195] Further information: Anglo-Iranian Oil Company and Iraq Petroleum Company William Knox D'Arcy A BP Motor Spirit advertisement from 1922 BP p.l.c. (formerly The British Petroleum Company p.l.c and BP Amoco p.l.c, stylised bp), is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas " supermajors" and one of the world's largest companies measured by revenues and profits. [4] It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.

In February 2020, BP announced a Joint Venture with EnBW to develop and operate 3GW off Offshore Wind capacity in the Crown Estate Leasing Round 4. [189] This is BP's first move into Britain's Offshore wind market, however, BP currently provides a range of services to the Offshore Wind sector in the UK through its subsidiary ONYX InSight who provide a range of Predictive Maintenance and Engineering Consultancy services to the sector. [190] All of which were foundational for bp’s subsequent reinvention and launch of bp’s new strategy in 2020.Employees of the National Portrait Gallery and Searcys and their families, agents or anyone else connected with the competition are not permitted to enter.