159 articles
Hurricane Isaias halted 72% of Gulf Coast oil production, evacuating crews from major platforms including BP assets. This supply disruption occurs amidst soaring freight costs and geopolitical tension
US Gulf producers halted 1.5 million barrels daily of oil and 1.3 billion cubic feet of gas as Hurricane Isaias approaches. Major firms including BP and Chevron evacuated platforms, disrupting nearly
Oil executives urge shifting from just-in-time to just-in-case supply chains due to regional disruptions. Major firms like TotalEnergies and BP plan alternative pipeline routes to bypass the Strait of
BP CEO Meg O'Neill emphasized improving shareholder capital stewardship by prioritizing legacy oil and gas assets over renewables. Investors await balance-sheet repairs and potential share buybacks as
BP CEO Meg O'Neill confirmed the company's continued presence in the Middle East and discussed new export routes with the Iraqi government at the Energy Intelligence conference.
LyondellBasell, SABIC, and BP sell over 10.5 million tons of European petrochemical capacity to Aequita and Ineos amid high energy costs, marking a strategic exit of integrated majors from the region'
Qatar's UCC Oil and Gas Holding is in talks to enter new Venezuelan oil and gas fields following a recent license for the Loran gas project with BP and ADNOC, confirming broad interest in sector oppor
BP has proposed a six-year labor contract with United Steelworkers Local 7-1 for its Whiting refinery, aiming to provide stability and aligning wage increases with the National Oil Bargaining Program.
BP has appointed Ben Monaghan as senior vice president for mergers and acquisitions and business development effective early 2027. Monaghan joins from investment bank PJT Partners, where he specialize
BP has appointed Ben Monaghan from PJT Partners as its new Head of M&A to lead portfolio streamlining efforts under CEO Meg O'Neill. The move supports plans to divest assets including its UK North Sea
BP is considering a potential sale of its Brazilian biofuels business, according to Bloomberg News, although Reuters could not immediately verify the report.
BP is evaluating a potential acquisition of Devon Energy's South Texas shale assets, signaling a strategic pivot back to traditional oil and gas. Analysts value the Eagle Ford asset at approximately $
Osaka Gas agreed to acquire a 5% stake in BP's Browse gas project via a joint venture with JOGMEC to strengthen its LNG supply portfolio. The utility expects to secure 550,000 tons of annual LNG from
Senegal targets a 30% reduction in electricity costs by boosting domestic natural gas production and renewables to offset expensive imports. Partners like BP and Woodside support key projects such as
British Prime Minister Andy Burnham will meet CEOs of major firms, including oil majors BP and Shell, to discuss economic growth and infrastructure. The agenda covers the pending Jackdaw gas field dec
BP commenced production at Egypt's Fayoum-4 well, boosting daily natural gas supply by 80 million cubic feet two years ahead of schedule. This project addresses Egypt's urgent demand amid declining do
BP locked out roughly 800 workers at its Whiting, Indiana refinery over contract disputes, following a trend among major oil refiners to use hardline tactics to cut costs and alter labor dynamics.
BP has appointed Ian Tyler as its new permanent chair following the controversial removal of Albert Manifold. The move aims to stabilize governance while the company refocuses its strategy on fossil f
Shell Offshore will acquire a 30% stake in BP's Conifer prospect in the Gulf of Mexico and a 50% interest in the Tupinamba block in Brazil, signaling a renewed focus on upstream oil and gas growth.
BP's company secretary Ben Mathews will depart following the removal of former Chairman Albert Manifold, as Ian Tyler takes over as interim chairman amid leadership restructuring.
Pakistan rejected a costly LNG tender from BP amid war-driven price spikes, exacerbating electricity blackouts as Qatar extends force majeure on key shipments. The government now weighs energy securit
UK Prime Minister Andy Burnham faces critical decisions on North Sea oil drilling and energy policy, including BP's planned exit. The government considers windfall taxes on energy firms while balancin
Energean is in exclusive talks to acquire BP's upstream oil and gas assets in Egypt, including stakes in West Nile Delta and Temsah concessions, potentially raising $1 billion for BP. This deal expand
Eni and BP target a final investment decision within months on Egypt's Denise West gas field, aiming for first gas in under two years. The project supports Egypt's role as a Mediterranean energy hub v
Brazil's largest thermal power plant, GNA II, halted operations on August 10 following a steam turbine circuit breaker failure. The 1.7-gigawatt facility, owned by a BP-Siemens-SPIC joint venture, rep
BP has commenced trading Venezuelan fuel oil, joining peers like Trafigura and Vitol following regulatory shifts. This move supports BP's strategic pivot back to oil and gas under new leadership, coin
BP partners with Trump-linked firms to develop Venezuela's Loran offshore gasfield, signaling a major return of international oil investment following US policy shifts. This move supports broader effo
BP and partners secured a license to develop Venezuela's Loran gas field, targeting 4 trillion cubic feet of production. The move expands regional LNG capabilities alongside Shell's parallel Manatee f
UAE and Qatari firms are entering Venezuela via a BP-operated offshore gas project tapping 4 trillion cubic feet, aiming to supply feedstock to Trinidad's petrochemical and fertilizer plants amidst gl
BP has agreed to sell a 20% stake in Venezuela's Cocuina gas field to Trinidad's NGC, with output destined for Atlantic LNG and petrochemicals. The project involves 1 trillion cubic feet of reserves a
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