BP saw its upstream production rise 2% during the first quarter in 2019, helped by new project startups but lower prices and weaker refining margins dragged on its earnings.  Upstream production, excluding Rosneft, for the quarter was 2.66 million boe/d, 2% higher than a year earlier due to the acquisition of the BHP assets and growth of major projects. Including its 20% stake in Rosneft, BP’s reported oil and gas production for the quarter averaged 3.8 million boe/d. During the quarter, BP brought on stream three of five major upstream projects expected to begin production this year. Constellation in the Gulf of Mexico was the first upstream major project to come on stream in 2019, followed by the second stage of the West Nile Delta development, the Giza and Fayoum fields, in Egypt and the Angelin […]