Tag / Bp

Subscribe

Bp

BP Beats 1Q Expectations on ‘Exceptional’ Natural Gas Marketing and Trading

BP Beats 1Q Expectations on ‘Exceptional’ Natural Gas Marketing and Trading

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…

May 2, 2023
Supreme Court Rejects Integrated Oil, Gas Producer Requests to Move State Lawsuits to Federal Court

Supreme Court Rejects Integrated Oil, Gas Producer Requests to Move State Lawsuits to Federal Court

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…

April 26, 2023
Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block

Indonesia Energy Sees Natural Gas Potential in ‘World Class’ Sumatra Block

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…

March 27, 2023
BP to Sell CF Industries 2.2 Bcf of Certified Natural Gas to Decarbonize Ammonia

BP to Sell CF Industries 2.2 Bcf of Certified Natural Gas to Decarbonize Ammonia

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…

February 28, 2023
BP, Kosmos Explore 2.5-3 MMty Second Phase for West Africa LNG Export Project

BP, Kosmos Explore 2.5-3 MMty Second Phase for West Africa LNG Export Project

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…

February 27, 2023
BP Prioritizing Oil and Natural Gas Output, Reducing Climate Targets

BP Prioritizing Oil and Natural Gas Output, Reducing Climate Targets

BP plc, one of the first majors committed to reducing oil and natural gas production in the transition to net-zero carbon, has reversed course to ensure global energy security. The goal to cut fossil fuels output to net-zero carbon by 2050 remains in place. However, Russia’s invasion of Ukraine and other global events have reduced…

February 7, 2023
Natural Gas Demand and LNG Exports Growing, but Longer Term Outlook ‘Uncertain,’ Says BP

Natural Gas Demand and LNG Exports Growing, but Longer Term Outlook ‘Uncertain,’ Says BP

Global oil demand is falling, but natural gas prospects, including for LNG, will depend on the speed of the energy transition, with rising consumption in emerging economies expected to be offset by the developed world’s lower carbon resources, according to BP plc. The BP Energy Outlook 2023, the annual report by the supermajor, focuses on…

January 30, 2023

Production Platform Heads to BP’s Greater Tortue Ahmeyim LNG Project – The Offtake

A floating production, storage and offloading vessel is on its way to the Greater Tortue Ahmeyim (GTA) LNG project operated by BP plc off the coast of Mauritania and Senegal in Africa, according to the company. The vessel left a Chinese shipyard last week after three years of construction. Once operational, BP estimates the first…

January 24, 2023
BP, Shell Sign Ownership Restructuring Agreement for Trinidad’s Atlantic LNG Facility

BP, Shell Sign Ownership Restructuring Agreement for Trinidad’s Atlantic LNG Facility

BP plc and Shell plc have agreed to restructure ownership in Trinidad and Tobago’s Atlantic LNG partnership, allowing the country’s state-owned firm to increase its stake while the majors focus on further upstream investments. Under the agreement, the partnership amongst the four-train liquefaction facility would be restructured to allow the state-controlled National Gas Company of…

December 9, 2022
BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes

BP Achieves First Natural Gas from Latest Development to Boost Trinidad and Tobago Volumes

BP plc reported it has achieved first gas from its offshore Cassia C development, its latest milestone in the effort to sustain natural gas flows and LNG cargoes from Trinidad and Tobago. The firm disclosed Tuesday it had transported ashore its first gas volumes from its latest development in the Greater Cassia area more than…

November 30, 2022