BP will sign a deal worth around £11.8 billion ($20 billion) with China to supply its National Offshore Oil Corporation (CNOOC) with liquefied natural gas, Chief Executive Bob Dudley said.
"It is a 20-year supply agreement on LNG. It is a fair price for them and a fair price for us. It is a good bridge between the UK and China in terms of trade," Mr Dudley said.
More top news
New figures show people aged over 55 could be as much as four times more likely to become victims of a telephone scam .
The fallout of Greece's decision to reject the terms of an international bailout will have repercussions for the rest of Europe.
Largely dry night, but showers set to spread in from the west during tomorrow