LONDON, Feb 27 (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move […]
Ukraine’s gas pipeline operator said on Sunday that the transmission of natural gas through its system was continuing “normally” and that it had not recorded a drop in pressure after an explosion in the area […]
Oil and gas supermajor BP has announced the start-up of the Herschel Expansion project in the U.S. Gulf of Mexico. Herschel is the first of four major projects scheduled to be delivered globally in 2022. […]
Goldman Sachs sees big oil companies perform well in 2022, boosted by strong positive consensus earnings revisions, improved ESG credentials, and accelerating buybacks The brokerage points to “an era of structurally higher commodity prices on diminishing […]
Equinor and bp have announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1. The PSAs set the terms under which these projects […]
This won’t win me any friends among the green lobby, but Saudi Arabia’s Oil Minister Abdulaziz bin Salman is right to warn of a potential energy crisis resulting from falling investment in fossil fuels. Here’s why. The prince warned that worldwide […]
Enbridge Inc.’s proposal to keep its massive Mainline oil pipeline network full through long-term contracts was rejected by Canada’s top energy regulator in a win for some producers who want more flexibility to ship their […]
BP CEO has told CNBC that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years. “It may not be popular to say that oil and […]
All five oil and gas supermajors are looking to boost capital spending in 2022. Despite some of Big Oil reporting strongest earnings in years and record cash flows, capital discipline remains a key pillar of […]
U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle […]
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