Despite government incentives like the Inflation Reduction Act, the clean fuel industry is struggling to meet expectations, with many companies facing financial difficulties and scaling back their climate commitments. High costs, funding challenges, and project […]
Asked about the timing of first gas and LNG cargoes from Tortue during BP’s second quarter results call on Wednesday, Auchincloss said that BP continues to make “good progress” on the project. He noted that […]
Daily Standup Top Stories Power-Hungry Data Centers Are Gobbling Up Texas Amid AI Boom July 31, 2024 Stu Turley One business may finally be getting too big for Texas: data centers, those whirring warehouses packed with the […]
BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP’s low […]
bp has reported a profit of $2.756 billion (£2.14bn) for the second quarter, up from $2.5 billion (£1.9bn) last year and higher than the $2.723 billion (£2.12bn) reported in the first quarter. This result is […]
Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB’s OneSubsea has secured a new contract from UK supermajor BP for work on the Murlach development in the UK North Sea. The deal worth […]
Rystad: global recoverable oil reserves held largely steady at around 1,500 billion barrels. The largest downward revisions are seen in Saudi Arabia, where development priorities have shifted from offshore capacity expansions to onshore infill drilling. […]
UK-based energy giant BP expects global demand for liquefied natural gas (LNG) to rise up to 40 percent by 2030 compared to 2022 levels. BP revealed this in its 2024 energy outlook released on Wednesday. […]
BP, Mitsui & Co., Shell, and TotalEnergies each agreed to buy a 10 percent equity stake in Adnoc’s LNG export terminal in UAE’s Al Ruwais. Adnoc will retain a 60 percent majority stake. Adnoc revealed […]
Daily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to […]
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