Venezuela on Wednesday granted a 20-year license to British energy producer BP and state-owned National Gas Company of Trinidad and Tobago (NGC) to develop the Venezuelan side of a natural gas field that extends into the Caribbean country’s waters.
Continued investment in oil and natural gas is critical while carbon capture and removal technologies will play a key role in meeting decarbonization targets, according to oil and natural gas supermajor bp in its 2024 Energy Outlook.
$5.2 bil Woodside project pumping 100,000 b/d of medium sour oil
Maran Poseidon ship arrives, Shell International Trading the charterer
Production adds to non-OPEC+ supply as alliance eyes price boost
The initial well is being reviewed along with other discoveries in the area for possible joint development.
John Browne, the former head of BP, has seemingly backed a Labour Party pledge to end North Sea oil and gas exploration.
The industry heavyweight, who joined the energy giant as an apprentice in the 1960s, said that plans for the North Sea and the “energy transition” would be important issues at the next election.
BP and Worley have formed a new strategic alliance across BP’s global site projects, spanning the Gulf of Mexico, Middle East and Africa.
The FPSO vessel that will be the centrepiece of BP’s Greater Tortue Ahmeyim (GTA) Phase 1 LNG development has arrived at its destination on the maritime border between Mauritania and Senegal, BP announced on Tuesday.
The Dangote refinery in Nigeria has marked a significant milestone by exporting its first jet fuel cargo to Europe.
The companies submitted bids for the Modified UC block, which is located close to the Teak, Sammaan, Poui producing fields.
South Africa’s purchase of the nation’s largest refinery from Shell Plc and BP Plc for a symbolic rand (five US cents) will transfer the environmental liability of the site to the government, according to a local advocacy group.