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 — […]
Volkswagen AG, BP Plc and the oil company’s German gas station brand Aral are planning to invest in an electric-car charging network in Europe, Germany’s Manager Magazin reported. Details are likely to be announced Monday […]
According to a Reuters article, UK head Sinead Lynch will become Shell’s global head of low-carbon fuels. It is worth noting that the changes were announced internally. Lynch, who joined Shell company in 2016 following its acquisition of […]
BP plc’s ambitious reinvention, to move from fossil fuels toward carbon-free resources, was launched only days before the world began to shut down last year, but instead of shelving the plans, the company doubled down […]
The heads of BP Plc, Total SE and Equinor ASA are among dozens of speakers convening for the annual International Petroleum Week conference, an event markedly different this year from previous gatherings. The industry’s flagship event in […]
Energy News Beat Publishers Note: Like the idea of including employees in the future of BP. But if it won’t impact the bottom line, is it a good program for anyone? Oil major BP is […]
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