BP plc

Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas. CFO Murray Auchincloss led a conference call Tuesday to discuss the latest…

President Biden, who has championed a zero-carbon emissions future, on Tuesday acknowledged that the United States would need oil and natural gas for at least another decade. However, his silence on exploration and production permitting reform was deafening for some politicos and industry groups. The comments were not part of the prepared remarks in the…

BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday. Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led to sharp…

BP plc CFO Murray Auchincloss told Reuters Tuesday that Freeport LNG Development LP told the company it expects to restart cargo deliveries at its export terminal on the Upper Texas Coast this month.

BP plc’s Orlando Alvarez, head of gas and power trading in the Americas, sees natural gas and other energy markets heading further into “unprecedented times” of market volatility and regulatory uncertainty, but those changes don’t all have to be challenges for the industry. During a keynote address at LDC Gas Forums’ Gulf Coast Energy Forum…

BP plc, the top North American natural gas marketer, is building its estimable U.S. commercial and industrial retail power and gas arm with the purchase of Houston-based EDF Energy Services (ES). The agreement would provide “opportunities…to enhance and deliver additional lower carbon integrated energy solutions,” according to BP. The purchase of ES also is likely…

Decarbonizing natural gas consumption is considerably more complex than doing so for electricity, but U.S. gas suppliers are up for the challenge, industry players said this week. The ultimate goal to neutralize the climate-warming impact of natural gas is large-scale deployment of low-carbon hydrogen, along with carbon capture, utilization and storage (CCUS), said BP plc’s…

With people back to work and on the road following the relentless Covid restrictions in 2020, energy consumption made a historic comeback last year – particularly natural gas and renewables – according to BP plc. Primary energy demand rebounded overall by 5.8%, eclipsing the pre-Covid levels in 2019, according to the 71st edition of the…

A Chevron Corp. subsidiary has inked an agreement to supply Walmart Inc. with compressed natural gas (CNG) linked to renewable natural gas (RNG) production. Beginning in early 2023, Walmart plans to add Cummins Inc.’s 15-liter CNG-fired engines to some of its heavy-duty trucks as part of the multinational retail corporation’s goal to achieve zero emissions…