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BP America, Inc. announced today it will donate $1 million to support disaster relief efforts in Louisiana and Mississippi following Hurricane Isaac.

The donation will be made to the American Red Cross and The Salvation Army and divided equally between the two hardest-hit states.

“This assistance cannot fix all that has been broken by this natural disaster, but we hope it can help some of those in need today and contribute to a sustained recovery effort in the months ahead,” said Crystal E. Ashby, Executive Vice President of Government and Public Affairs for BP America.

The storm forced BP to evacuate workers from offshore platforms and drilling rigs in the Gulf of Mexico, as well as from onshore facilities in south Louisiana and Mississippi, where hundreds of BP employees live.

Separate from this donation, BP is also providing assistance to our employees and their families in the region.

BP announced today that it is beginning the next stage in the process, required under the TNK-BP shareholder agreement, regarding the potential sale of its shareholding in TNK-BP.
This follows the decision of Alfa Access-Renova to exercise its right to enter a period of negotiation to purchase part/ all of BP’s 50 per cent share in TNK-BP. As a result BP will tomorrow enter into a 90-day period of “good faith” negotiations with Alfa Access-Renova as required by the TNK-BP shareholder agreement.
BP is also able to and will enter into negotiations with other interested parties in parallel for the sale of its share in TNK-BP.
There can be no guarantee that any transaction will take place.
A further announcement will be made when and if appropriate.
Notes to editors:
TNK-BP is a leading Russian oil company, owned equally by BP and Alfa Access Renova. The company was formed in 2003 as the result of the merger of BP’s Russian oil and gas assets and the oil and gas assets of Alfa Access Renova.

TNK-BP is vertically integrated with a diversified upstream and downstream portfolio in Russia and Ukraine and international interests in Brazil, Venezuela and Vietnam.

BP Target Neutral is a non-profit initiative that gives drivers a simple, practical way to make their own, personal contribution to reducing, replacing and neutralising‚ the CO2 emissions their driving produces
ABOUT BP TARGET NEUTRAL
Launched in August 2006, this initiative is another example of BP’s long-term strategy of finding new and better ways to minimise the carbon impact of road transport fuels on the environment and participate in addressing climate change issues.

BP Target Neutral is currently available to motorists in 6 countries across Europe and supports low carbon development projects in a further 10 countries.
JOIN THE BP TARGET NEUTRAL PROGRAMME
By logging on to www.bptargetneutral.com, drivers can calculate how much CO2 their car emits, calculate the impact changing driving behaviours can have on reducing that figure and also learn more about the offset projects supported. It is easy to participate, and involves a cash contribution to the programme to offset your driving emissions, which is usually around £20 per year, depending on your vehicle, mileage and fuel consumption.
www.bptargetneutral.com
HOW DOES BP USE TARGET NEUTRAL?
In each country where BP Target Neutral is available, BP is committed to offsetting a company owned fleet of vehicles. For example, in the UK BP offsets the driving emissions from its fuel tankers. In most countries BP will also make a cash contribution, for every litre of...

In 2011, we prepared to restart our drilling operations by implementing voluntary standards, enhancing the monitoring of our operations and by working closely with the regulator
Voluntary drilling standards
BP began implementing voluntary drilling standards for operations in the Gulf of Mexico in July 2011.

These voluntary drilling standards go beyond existing regulatory requirements in the US and strengthen oversight of contractors. They include:
Enhanced requirements for blowout preventers (BOP) to include both two blind shear rams and a casing shear ram on BP operated dynamically-positioned rigs.
Third-party verification for BOP testing and maintenance.
Enhanced review standards for cementing procedures and materials.
Enhanced offshore spill response capabilities.

We are implementing actions across BP and sharing lessons learned with the industry. We also continue to strengthen safety across BP.

By the end of 2011, BP had five deepwater drilling rigs in operation in the Gulf of Mexico.
Enhancing monitoring of drilling operations in the Gulf of Mexico
To enhance safety and teamwork in the Gulf of Mexico, BP has established the Collaborative Real-time Environment (CoRE) facility and expanded its Houston monitoring operations.

The state-of-the-art CoRE facility has a large data wall that can display real-time well information of drilling operations at any of our rigs operati...

BP America, Inc. announced today it will donate $1 million to support disaster relief efforts in Louisiana and Mississippi following Hurricane Isaac. The donation will be made to the American Red Cross and The Salvation Army and divided equally between the two hardest-hit states. “This assistance cannot fix all that has been broken by this natural disaster, but we hope it can help some of those in need today and contribute to a sustained recovery effort in the months ahead,” said Crystal E. Ashby, Executive Vice President of Government and Public Affairs for BP America. The storm forced BP to evacuate workers from offshore platforms and drilling rigs in the Gulf of Mexico, as well as from onshore facilities in south Louisiana and Mississippi, where hundreds of BP employees live. Separate from this donation, BP is also providing assistance to our employees and their families in the region.

BP at a glance

BP is one of the world’s leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items

Company information



Our business model

- BP’s business model is to create value across the entire hydrocarbon value chain. This starts with exploration and ends with the supply of energy and other products that are fundamental to everyday life

At each stage of the hydrocarbon value chain there are opportunities for us to create value – both through the successful execution of activities that are core to our industry, and through the application of our own distinctive strengths and capabilities in performing those activities.

Our activities are focused on finding, developing and producing essential sources of energy, and turning these sources into products that people need. We provide our customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving, and the petrochemicals products used to make everyday items like plastic bottles.

We also invest in renewable energy sources, which we believe will be an increasing source of value for BP. Our activities are focused on biofuels and wind.

As a global group, our interests and activities are held or operated through subsidiaries, branches, joint ve...

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and BP North America (NYSE: BP) today announced the execution of long-term commercial agreements to provide BP condensate processing services and storage at Kinder Morgan’s terminals located on the Houston Ship Channel. BP has committed over 40,000 barrels per day (bpd) of throughput at Kinder Morgan’s petroleum condensate facility which will split condensate into various components such as light and heavy naphthas, kerosene and gas oil. The approximately $200 million facility has been designed to provide future processing expansions up to 100,000 bpd throughput. BP also will lease an additional 750,000 barrels of storage that Kinder Morgan will add at its Galena Park terminal. The expansion is part of Kinder Morgan’s approximately $75 million investment to construct five tanks that will connect to its condensate facility with new piping, manifolds and pumps. Kinder Morgan expects the new storage tanks and condensate facility to be in service in the first quarter of 2014.
“BP is proud to participate in a project that helps unlock additional domestic energy production and offers US Producers an alternative home for their condensate barrels,” said Paul Reed, Chief Executive of BP’s integrated supply and trading business. “This long-term commitment demonstrates BP’s desire to provide its customers with flexibility in managing their feedstock and product needs and enhances our strategic relationship with Kinder...

In accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual, BP plc announces that on March 6, 2012 it filed with the Securities and Exchange Commission an Annual Report on Form 20-F that included audited financial statements for the year ended December 31, 2011. BP’s Annual Report on Form 20-F is available online at BP’s website atwww.bp.com and also online at www.sec.gov.

Shareholders have the ability to receive a hard copy of BP’s complete audited financial statements, free of charge, by contacting our US distribution agent at 1-888-301-2505 or through an email request addressed [email protected] or via our Head Office in London at +44 (0) 20 7496 4000 or through an email request addressed to [email protected].
Further information:
Office: BP US Press Office
Phone : (281) 366-4463
Email: [email protected]

In accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual, BP plc announces that on March 6, 2012 it filed with the Securities and Exchange Commission an Annual Report on Form 20-F that included audited financial statements for the year ended December 31, 2011. BP’s Annual Report on Form 20-F is available online at BP’s website at www.bp.com and also online at www.sec.gov.

On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule.

Seth field is located 60km offshore in the Ras El Bar concession in the East Nile Delta Mediterranean, close to existing producing Ha'py and Denise fields. Seth is being developed with a 6 well slot, normally unmanned platform with gas being exported via the Denise (Pliocene) pipeline to El Gamil gas terminal near Port Said. The first two wells accessing the western part of the Seth reservoir are expected to reach 170 mmscfd and develop about 240 bcf of gas.