Vintage photo of BP's head office at Britannic House Skyscraper in London

Product Information

The field had an initial estimate of 7 billion barrels of hydrocarbons in place, in a highly complex and naturally fractured reservoir. Resolutions 1-24 form the ordinary business of this meeting, and provide the board with the clear authority we need to get on with the job in hand. In September 2020, BP formed a partnership with Equinor to develop offshore wind and announced it will acquire 50% non-operating stake in the Empire Wind off New York and Beacon Wind off Massachusetts offshore wind farms. The deal is expected to be completed at the first half of 2021. [167] In December 2020, BP acquired a majority stake in Finite Carbon, the largest forest carbon offsets developer in the United States. [168]

Retail operations of motor vehicle fuels in Europe are present in the United Kingdom, France, Germany (through the Aral brand), the Netherlands, Switzerland, Italy, Austria, Poland, Greece and Turkey. [246] [247] [248]In 1947, British Petroleum Chemicals was incorporated as a joint venture of AIOC and The Distillers Company. In 1956, the company was renamed British Hydrocarbon Chemicals. [46] In 2016, BP sold its Decatur, Alabama, plant to Indorama Ventures, of Thailand. [145] At the same year, its Norwegian daughter company BP Norge merged with Det Norske Oljeselskap to form Aker BP. [146] 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]

But tragically, four people lost their lives while working for bp last year.Several others were injured. And continuing bp’s transformation – with the same focus, energy and determination the team has shown over the past three years. Oil & Gas UK Chief Executive Deirdre Michie added: “First oil at Clair Ridge represents a major milestone in BP’s developments West of Shetland, the frontier region which is likely to have the greatest potential to expand current UK production. It’s greatly encouraging to see one of the basin’s original explorers using new, ambitious approaches and pioneering technology to help lead a revival in production. This is another firm step towards maximising economic recovery from the basin.” 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 has a major corporate campus in Sunbury-on-Thames which is home to around 3,500employees and over 50business units. [182] Its North Sea operations are headquartered in Aberdeen, Scotland. BP's trading functions are based at 20 Canada Square in Canary Wharf, London. BP has three major research and development centres in the UK. [183]