BP Hits Gas Pedal on Oil & Gas Projects, Touts Gains in Gulf

Researched by Industrial Info Resources (Sugar Land, Texas)--Energy giant BP plc (NYSE:BP) is renewing its commitment to oil and gas development, as it maps out high-profile spending plans following exceptionally strong results in oil and gas trading during the first quarter. Industrial Info is tracking more than $43 billion worth of BP projects worldwide, including more than $3.3 billion worth in North America. In a quarterly presentation to investors, BP highlighted its offshore developments in North America; its most significant achievement during the first quarter was first production from a platform in the Gulf of Mexico. Other companies featured: American Electric Power (NASDAQ:AEP), IRG Acquisition Holdings and Cenovus Energy Incorporated (NYSE:CVE).