Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020, Rystad Energy estimates, the weakest-performing first half of the 21st century. The resource volumes […]
Block operator Eni, along with contractor members BP and Total, has announced the successful drilling of the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, […]
bp has announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of USD 5 billion, subject to customary adjustments. The agreed sale, the next strategic step in […]
bp has released the 69th annual edition of the bp Statistical Review of World Energy (bp Stats Review). This year’s edition – which collects and analyses energy data for 2019 – highlights the global energy […]
In mid-February, BP p.l.c. (bp) laid out a new purpose – to reimagine energy for people and the planet – and its ambition to become a net zero company by 2050 or sooner and to […]
Premier Oil has announced that the amended terms for the acquisition of the Andrew Area and Shearwater assets – the BP Acquisitions – have been agreed to in principle. The cash payable at completion reduced […]
Investments in solar and wind energy projects by the world’s oil majors until 2025 are expected to exceed USD 18 billion, a Rystad Energy analysis finds in an updated analysis adding clarifications and Repsol 2020 […]
Western Europe’s maintenance, modification and operations (MMO) market will likely take a major hit in 2020 a Rystad Energy impact analysis has revealed, thanks to severe spending cuts and COVID-19 transportation restrictions. Spending in Norway […]
Earnings of major international oil and gas producing companies have suffered in the first quarter of 2020 resulting from weaker product demand and lower realised oil and gas prices. Despite a depressed outlook for 2020, […]
BP has confirmed its commitment to completing the sale of its Alaska business to Hilcorp, first announced in August 2019. Subject to regulatory approvals, the parties expect to complete the transaction in June 2020. Reflecting […]
Copyright © 2020 | MH Magazine WordPress Theme by MH Themes