Bp

Crude Oil
BP may Take $25 Billion Hit from Divestment from Russian Oil Company
BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…
Offshore Wind Power
Ørsted Alleges BP Tried to Block its Hornsea 4 Offshore Wind Farm
Ørsted has claimed that bp is trying to block up to 675MW of capacity of its 2.4GW Hornsea Four offshore wind farm.
Crude Oil
Oil Terminal Blast In Nigeria Takes Production Offline
An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…
Crude Oil
Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd
Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day…
Energy Transition
BP Sees Energy Transition Progress and Challenges
BP released its latest Energy Outlook to 2050 on Monday, which sets out its thinking on how the energy transition will unfold.
Oil Price
No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks
The current oil surge wouldn’t last and prices are likely to drop to $100 per barrel within two weeks, Bharat Petroleum Corp (BPCL) chairman has said
Energy Transition
Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…
Crude Oil
Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intel…
Oil & Gas Trade
Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions
Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax…
Crude Oil
U.S. December Oil Demand Hits Highest Since Before Pandemic -EIA
U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Mond…
LNG
Shell to Exit Russia After Ukraine Invasion, Joining BP
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…
Oil & Gas Supply
Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output
Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …
Oil & Gas Trade
BP to Exit its 20% Stake in Russian Oil Giant Rosneft
BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.
OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data
OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a tec…
Nuclear Power Plant
New Funding Mechanism Essential to Increasing Nuclear Capacity in the UK
A new funding mechanism for the nuclear sector, the Regulated Asset Base (RAB) model, has the potential to increase the UK’s nuclear capacity to 24GW over the …

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Bp

BP may Take $25 Billion Hit from Divestment from Russian Oil Company

Ørsted Alleges BP Tried to Block its Hornsea 4 Offshore Wind Farm

Oil Terminal Blast In Nigeria Takes Production Offline

Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd

BP Sees Energy Transition Progress and Challenges

No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks

Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables

Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged

Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions

U.S. December Oil Demand Hits Highest Since Before Pandemic -EIA

Shell to Exit Russia After Ukraine Invasion, Joining BP

Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output

BP to Exit its 20% Stake in Russian Oil Giant Rosneft

OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data

New Funding Mechanism Essential to Increasing Nuclear Capacity in the UK