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.
UK oil giant BP has started drilling two new exploration wells to search for gas deep beneath the Caspian Sea.
BP is the only fossil fuel firm planning to cut down on oil and gas production by 2030, in spite of efforts to wean the world off the polluting fuels.
Agreements have been signed for the construction of the first utility scale renewable power generation facility within TT, the Utility Scale Solar PV Project. The project is set to deliver 112.2 megawatts (MW) of electricity onto the grid
Jadestone has agreed to acquire BP’s stake in the North West Shelf Oil Project in the North Carnarvon basin offshore Australia.
This is Angola’s first non-associated gas development project and involves two wellhead platforms, an onshore gas processing plant and a connection to the Angola LNG plant at Soyo where gas will be converted into liquefied natural gas and condensates marketed separately.