BP Readies for Record Oil & Gas Project Launches, Holds Steady on Capital Spending

SUGAR LAND--August 2, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil prices may be low, but BP plc (NYSE:BP) (London, England) is the latest giant to prove that it can change with the times, preparing to launch its largest number of oil and gas projects for a single year in 2017. Although the company saw its profits dip in the second quarter, most of the decline was attributed to impairment charges for a single offshore project, and new projects point to new avenues for growth. Industrial Info is tracking more than $36 billion in active projects involving BP.

Within this article: Details on BP's major project launches for 2017, including onshore and offshore projects covering the North Sea, Australia, Egypt, Oman, and Trinidad and Tobago.