bp confirmed preliminary results from the Volans-1X well in Namibia's Orange Basin, operated by Rhino Resources (42.5 per cent interest). Co-venturers include Azule Energy (42.5 per cent), NAMCOR (10 per cent), and Korres Investments (5 per cent). bp also holds a 50 per cent interest in Azule Energy.
bp has started up its sixth major upstream oil and gas project of 2025 with production from the Murlach field in the UK North Sea. The six projects add around 150,000 barrels of oil equivalent per day (boed) combined peak net production, contributing to bp’s target to deliver an additional 250,000 boed combined peak net production by the end of 2027.
Corteva and bp announced the launch of Etlas, their new 50:50 joint venture that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like sustainable (or synthetic) aviation fuel (SAF) and renewable diesel (RD).
