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Investors
Big Oil Companies

Investors Ramp Up Pressure on Big Oil Firms to Set 2030 Climate Targets

December 19, 2022 Mariel Alumit

A group of investors has tabled resolutions urging four of the world’s top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments […]

NORWAY
International News

NORWAY’S AKER BP WANTS “PRICE FLOOR” IN EUROPEAN GAS SUPPLY DEALS

November 11, 2022 Mariel Alumit

Oslo, Nov 11 (Reuters) – European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, […]

BP
Earnings

BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings

November 1, 2022 Mariel Alumit

The British energy major posted underlying replacement cost profit, used as a proxy for net profit, of $8.2 billion for the three months through to the end of September. The world’s largest oil and gas […]

IEA
International News

Is The IEA Too Optimistic About The Energy Transition?

October 31, 2022 Mariel Alumit

IEA’s WEO: Ukraine War and the energy crisis are speeding up the global energy transition. The fast-growing EV market is already causing bottlenecks in the supply of critical battery, and industrial metals. Since the IEA […]

Oil Major
Crude Oil News

Oil Major Earnings Will Reignite The Windfall Taxes Debate

October 27, 2022 Mariel Alumit

The collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. Big oil firms are expected to earn less than in the blockbuster quarter that was […]

Big Oil Companies

Wall Street Breakfast: The Week Ahead

October 23, 2022 Stu Turley

ENB Pub Note: Sources; Bloomberg, CNBC, Reuters, EDGAR.  An interesting week coming around the corner. Tax Credits and investor sentiment drive decisions to invest in renewable energy rather than increase drilling programs. The short answer […]

bp
M & A

bp accelerates and expands in bioenergy, agreeing to buy leading US biogas company Archaea Energy

October 17, 2022 Mariel Alumit

ccelerates bioenergy growth Acquisition of a leading US renewable natural gas (RNG) producer will accelerate growth of bp’s strategic bioenergy transition growth engine Operates 50 RNG and landfill gas-to-energy facilities across US, with development pipeline […]

Peak Oil
Crude Oil News

The Biggest Argument For Peak Oil

October 3, 2022 Mariel Alumit

BP’s peak oil demand prediction in 2020 turned out to be wrong.  A relatively large number of forecasts don’t see peak oil happening within the next few decades. Advancements in ICE engines and increased fuel […]

bp plans
Crude Oil News

bp plans to restart damaged Whiting, Indiana, refinery power system in days

August 30, 2022 Mariel Alumit

(Reuters) bp plans to restore power to a repaired electrical system at its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery within two to three days, sources familiar with plant operations said on Monday. Repair crews have […]

Aker BP
Exploration and Production

Aker BP Investing Over $15B To Increase Production By 125,000 bpd

August 29, 2022 Mariel Alumit

Oil and gas company Aker BP will invest over $15 billion in development projects on the Norwegian continental shelf over the next five to six years. According to Aker BP, the projects operated by the […]

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