London — Shell expects to have produced about two-thirds of its existing oil and gas reserves over the next two decades, the company said April 15, highlighting its falling exposure to future oil prices as the […]
The arrival of the new floating production unit is a major milestone towards the completion of Mad Dog 2, BP said on Monday. Once online, Argos will significantly strengthen BP’s high-margin oil and gas business in the Gulf of Mexico. It is also expected to support […]
Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
Energy News Beat Publishers Note (ENB): The data is showing that the greener the energy movement goes – Oil production will also increase. Three reasons: 1: More total energy is being required 2: Green energy […]
Shell is set to benefit from the higher commodity prices in the first quarter of 2021, but earnings will be adversely impacted by up to $200 million from the Texas Freeze in February, which hit the supermajor’s […]
The transaction, whose value was not disclosed, will leave Petrobras with 100pc of the FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks, pending regulatory approval. BP did not immediately respond to a request for comment. […]
(ATF) Italian energy giant Eni inked a memorandum of understanding (MoU) last week with Hangzhou-based power utility Zhejiang Energy for energy sector cooperation. The initiatives identified in the MoU range from developing long term liquefied natural […]
Upstream oil and gas companies are responsible for significant greenhouse gas (GHG) emissions and are some of the largest carbon-emitting companies globally. As a result, upstream operators are under growing pressure from governments, shareholders and […]
Kinder Morgan Inc. has formed a new Energy Transition Ventures group to identify and pursue commercial opportunities within the low-carbon sector. The company is one of the biggest in the oil and gas infrastructure sector, […]
BP outlined changes to its financial reporting after restructuring key divisions last year. The new financial reporting structure will comprise five BP segments: oil production and operations, gas and low-carbon energy, customers and products, Rosneft PJSC — […]
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