Energy giant BP has reported lower than expected profits despite global oil prices rising again.
Energy Chamber of Trinidad & Tobago release
The Energy Chamber of Trinidad & Tobago warmly welcomes the signing of three deepwater production sharing contracts between the Government of Trinidad & Tobago and a consortium comprised of bp and Shell.
Egypt has awarded four exploration areas to international oil companies just as the North African nation unveiled a new licensing competition.
Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions
Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry.
LONDON (AP) — British energy giant BP posted a strong quarterly profit on Tuesday even as oil and natural prices that soared after Russia’s war in Ukraine last year have eased off.
BP and the Abu Dhabi National Oil Company (ADNOC) have bid to acquire a 50% stake in Israel’s NewMed Energy, an offshore natural gas producer. The proposal, valued at roughly $2 billion, could signify a significant shift in relations between the Middle East and Israel.
BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022.
Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030.
Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030.