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Offshore

BP Starts Producing From Gulf Of Mexico Project

February 24, 2022 Andy Del Prado

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. […]

OPEC- energynewsbeat.com
Crude Oil News

OPEC+ diminishing spare capacity to unlock consensus upside for oil companies

January 22, 2022 Mariel Alumit

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 […]

Offshore Wind to Require Ocean Space the Size of Italy by 2050
Electrical Generation / Utilities

US: Equinor and bp achieve key step in advancing offshore wind for New York

January 16, 2022 Mariel Alumit

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 […]

Saudi Aramco- offshore
Crude Oil News

Saudis Are Right to Warn of a Collapse in Oil Supply

December 19, 2021 Mariel Alumit

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
Energy Policy

Enbridge Plan to Keep Oil Pipelines Full Rejected by Canadian Regulator

November 26, 2021 Mariel Alumit

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 chief executive Bernard Looney- Energy News Beat
Crude Oil News

Oil and gas will be in the global energy system ‘for decades,’ BP chief says

November 15, 2021 Stu Turley

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 […]

Exploration and Production

Big Oil Is Finally Ready To Boost Spending

November 4, 2021 Mariel Alumit

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 […]

Pumpjack - Midland Texas
Exploration and Production

EXCLUSIVE U.S. slows down oil and gas mergers-sources

October 21, 2021 Mariel Alumit

 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 […]

CO2 & GHG

In a World Fighting Climate Change, Fossil Fuels Take Revenge

October 10, 2021 Mariel Alumit

With its chimneys towering 200 meters above the industrial heartland of England, West Burton A power station is a relic of the fossil fuel age. When fired up, its boilers burn thousands of tonnes of […]

Crude Oil News

Days After Ida, Storm’s True Impact on Energy Sector Emerges

September 3, 2021 Stu Turley

Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to light. The challenges for companies to get out and inspect has been […]

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