Institute of Petroleum
Encyclopedia
The Institute of Petroleum (IP) was a UK-based professional organisation that merged with the Institute of Energy in 2003 to form the Energy Institute
Energy Institute
The Energy Institute, commonly referred to as EI, is the main professional organization for the energy industry within the UK that promotes the safe, environmentally responsible and efficient supply and use of energy in all its forms and applications...

.

The Institute of Petroleum had similar goals to the EI but was specifically focused on the oil and gas industry, whereas the EI also covers other forms of energy including nuclear and alternative energies.

The IP designation still survives, for example in the specification of test methods in the petroleum industry
Petroleum industry
The petroleum industry includes the global processes of exploration, extraction, refining, transporting , and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline...

(see for example a
list of IP Test Methods on Caleb Brett's site). The Energy Institute still runs an "International Petroleum (IP) Week", a series of events and seminars aimed at the petroleum industry.
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