When did British Petroleum merge with Standard Oil?
British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000, becoming BP plc in 2001.
When did the Anglo-Iranian Oil Company start drilling?
The oil concession rights were awarded to the company on 23 December 1934 and the company started drilling operations in 1936. In 1935, Rezā Shāh requested the international community to refer to Persia as ‘ Iran ‘, which was reflected in the name change of APOC to the Anglo-Iranian Oil Company (AIOC).
When did British Petroleum stop producing oil in Iran?
In Iran, British Petroleum continued to operate until the Islamic Revolution in 1979. The new regime of Ayatollah Khomeini nationalised all of the company’s assets in Iran without compensation, bringing to an end its 70-year presence in Iran. As a result, BP lost 40% of its global crude oil supplies.
Which is the sixth largest oil company in the world?
It is one of the world’s seven oil and gas ” supermajors “, whose performance in 2012 made it the world’s sixth-largest oil and gas company, the sixth-largest energy company by market capitalization and the company with the world’s 12th-largest revenue (turnover).
When did London oil and gas go into administration?
Independent Oil and Gas (IOG) has announced plans to pay back £22.4million in debt to its collapsed lender London Oil and Gas (LOG). LOG collapsed in March, having itself being the biggest borrower to London Capital and Finance (LCF) which went into administration at the end of 2018 and has been embroiled in a Serious Fraud Office investigation.
When was Royal Dutch Petroleum delisted from NYSE?
On 20 July 2005, the Shell Transport & Trading Company plc was delisted from the LSE, whereas, Royal Dutch Petroleum Company from NYSE on 18 November 2005. The shares of the company were issued at a 60/40 advantage for the shareholders of Royal Dutch in line with the original ownership of the Shell Group.
Who are the shareholders of independent oil and gas?
Independent has previously emphasised that London Capital is not a shareholder in London Oil and Gas, which is its primary backer. Administrators Smith & Williamson said LOG owed London Capital £122m.
Which is the third largest oil company in the world?
Footnotes / references. Royal Dutch Shell PLC (LSE: RDSA, RDSB), commonly known as Shell, is an Anglo-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the oil and gas “supermajors” and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe).