BP pumps more capital into North Sea programs

British energy company BP is putting more capital into its North Sea program with nearly $200 million in contracts, an energy services company said. Cape Industrial Services said it secured 400 jobs in the North Sea energy sector in a contract that provides BP with storage tank services and other support across the regional exploration, production and transportation sector. “Cape Industrial Services Ltd. has secured two contracts to extend the group’s longstanding relationship with BP in the U.K. North Sea for a further three years,” the company said in a statement . “These contracts have a combined estimated value in excess of $190 million.” The contract marks a rebound for the North Sea portfolio of BP, which last […]

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