BP to Invest $1.5B in Egypt
BP Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country. The spending, which will be net […]
BP Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country. The spending, which will be net […]
BP’s delayed Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, is now expected to start producing liquefied natural gas in the fourth quarter of this year, according to project partner Kosmos Energy. Kosmos […]
EuropeGas Flex LNG The New York and Olso-listed Flex LNG has won an extension for its 2019-built 173,400 cu m LNG carrier Flex Courageous. This is the first extension option for the vessel which, the […]
Energy giants Adnoc and BP have agreed to form a joint venture in Egypt that will focus on natural gas. The JV, in which UK-based BP will have 51 percent and UAE’s Adnoc 49 percent, […]
World oil demand next year is expected to increase by 1.8 million barrels per day, OPEC said in its latest Monthly Oil Market Report released on Tuesday. OPEC sees the demand for crude oil rising […]
OPEC’s second-largest producer, Iraq, is committed to its voluntary cut in the OPEC+ agreement and will produce no more than 4 million barrels per day (bpd) of crude oil, Iraq’s Oil Minister Hayan Abdel-Ghani said […]
UK-based energy giant BP expects its LNG supply portfolio to increase to more than 25 million tonnes per annum by 2025, beating its previous target, according to CEO Murray Auchincloss. BP previously set a target […]
Call it a $1 billion mistake. BP said Tuesday it wrote down the value of its U.S. offshore wind business by $1.1 billion last year, cementing a strategic shift for the British petroleum giant as […]
Daily Standup Top Stories Biden Makes Coal Great Again As Exports Soar To India February 6, 2024 Stu Turley US thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of […]
Subprime doesn’t mean “low income.” It means “bad credit” – and some is high income. And subprime loans are coming home to roost. By Wolf Richter for WOLF STREET. The balance of auto loans and leases rose by […]
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