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British Pipeline Agency Ltd (BPA) is a joint venture, established in 1969, [1] between BP Oil UK and Shell UK. [2] The company operates the UK oil pipeline network of oil pipelines which transport petroleum products around the UK.
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The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
This list displays all British companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2023/24. Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.
Petroleum refining in the United Kingdom produced around 51.45 million tonnes of petroleum products in 2023, down 16% from 2015 and 32% from 2011. [1] There are six major and one minor petroleum refinery in the downstream sector of the UK oil industry .
BP p.l.c. (formerly The British Petroleum Company p.l.c. and BP Amoco p.l.c.; stylised in all lowercase) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas " supermajors " and one of the world's largest companies measured by revenues and profits. [ 3 ]
The country is one of the world’s leading oil producers, and in 2020, oil and gas contributed £13.8 billion to the Scottish economy and supported 100,000 jobs. [1] Commercial extraction of oil on the shores of the North Sea dates back to 1851, when James Young retorted oil from torbanite (boghead coal, or oil shale) mined in the Midland ...
All fields in British territory are operated as part of the BP's North Sea Strategic Performance Unit from their office in Dyce, Aberdeen.This includes some fields not strictly in the North Sea itself.