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PetrusBP has completed the expansion of the Atlantis platform in the Gulf of Mexico ahead of schedule and at lower costs, which will allow oil production to increase by 10,000 barrels per day. This project strengthens the company's position in the region and extends the operational life of one of its key assets.
PetrusBP has agreed to sell a 15% stake in its subsidiary that manages oil and gas fields in the Kirkuk region to the Turkish state company Turkish Petroleum. This deal expands BP and TPAO’s cooperation in Iraq and strengthens their strategic partnership.
VigorBP is completing its exit from the renewable energy sector as it negotiates the sale of its last major asset, Lightsource BP. This decision is linked to a strategic review by the company and pressure from investors who are prioritizing the oil and gas business.
PetrusBP and Chevron have evacuated some employees from their facilities in the Gulf of Mexico due to the strengthening of Tropical Storm Beryl. Other operators continue to monitor the situation and are prepared to take action if weather conditions worsen.
VigorBP is considering the possibility of withdrawing from the Yamagata Yuza offshore wind farm project in Japan, amid a reduction in its involvement in renewable energy and challenges with partners. A final decision has not yet been made, and the project's implementation is slowing down due to a review of the terms and the anticipation of additional government support.
PetrusShell is selling part of its assets in the US Gulf of Mexico to Talos Energy and Ridgewood Energy for $1.7 billion. The deal includes stakes in the Na Kika and Coulomb platforms and is expected to be completed by the end of 2026.
PetrusBP is considering reducing its investments in oil and gas production on the UK continental shelf due to high tax burdens and regulatory uncertainty. The company acknowledges the potential of existing fields but emphasizes that stable conditions are essential for new investments.
PetrusTwo contractors are competing to supply a mobile offshore installation for the modernization of the Mumbai High field, a project aimed at increasing oil and gas production and strengthening India’s energy security.
PetrusDespite record oil production in the U.S. Gulf of Mexico in 2025, experts predict that output will decline in the coming years due to a decrease in the number of operators and delays in new projects. To sustain industry production, new wells and continued investment are essential.