Bp

Oman has extended its LNG supply relationship with BP plc for an additional nine years as it progresses its “Beyond 2024” initiative to remain a significant natural gas player through the decade. BP inked a liquefied natural gas sales and purchase agreement (SPA) with Oman LNG for 1 million metric ton/year (mmty) on a free-on-board…

BP plc’s long-term vision remains focused on transitioning to net-zero emissions, but the value of the natural gas and oil portfolio is key for near-term success, interim chief Murray Auchincloss said Tuesday. Auchincloss, formerly the longtime CFO, took the reins in September following the resignation of Bernard Looney. During a conference call to discuss third…

Global natural gas markets were tepid Tuesday despite growing risks of Australian LNG work stoppages. While the global natural gas community gathered in Singapore for the start of the Gastech 2023 conference, workers at Chevron Corp.’s Gorgon and Wheatstone liquefied natural gas terminals disclosed plans for walkouts. Representatives for the Offshore Alliance said workers could…

Steady supplies of natural gas – and more infrastructure to deliver it – are vital for the United States to meet steady domestic consumption and elevated global demand for LNG through this decade and beyond.  Such was the prevailing sentiment among industry leaders and analysts who presented last week at the LDC Gas Forums annual…

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…

The U.S. Supreme Court has rejected petitions by some of the biggest oil and gas producers in North America, which sought to move dozens of state lawsuits concerning climate change to federal court. However, the legal journey is set to continue, possibly for years. The high court on Monday denied a writ of certiorari sought…

Jakarta-based exploration and production company Indonesia Energy Corp. Ltd. (IEC) sees potential gas production starting next year from its Kruh-28 well on the island of Sumatra. “We believe that the Kruh Block is a world class asset and, in order to maximize future production capability, we have commenced on our program of conducting seismic operations…

BP plc clinched a deal to sell 2.2 Bcf of certified natural gas this year to fertilizer giant CF Industries Holdings Inc. CF, which uses natural gas as feedstock, said the sale of the independently certified natural gas is the first of its kind for use in industrial manufacturing. Financial details of the transaction were…

BP plc and its partners in the Greater Tortue Ahmeyim (GTA) natural gas field are evaluating a second phase expansion for the floating LNG production project offshore West Africa as first phase construction progresses. BP, Kosmos Energy Ltd., Senegal’s Petrosen and Mauritania’s Société Mauritanienne des Hydrocarbures have agreed to evaluate a 2.5-3 million metric ton/year…