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Crude Oil
U.S. Crude Output to Rise 770,000 bpd in 202R
U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.
Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Offshore Wind Power
Equinor and BP Finalise Agreements for New York Offshore Wind Projects
Offshore wind developer Equinor and energy company bp have finalised the purchase and sale agreements with the New York State Energy Research and Development Au…
Solar Power Plant
ScottishPower to Acquire 800MW UK PV
Two deals signed with Elgin Energy for 12 projects and Lightsource BP for five facilities
Oil&Gas Drilling
Aker BP Secures Drilling Permit for North Sea Well Trio
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.
Solar Power Plant
Lightsource BP Begins Construction of Spanish Solar Project
Lightsource bp has started the construction of its third project in Spain in 2021.
Hydrogen Project
Lightsource BP forms Green Hydrogen JV
Partnership with Portuguese gas utility Dourogás will explore potential of eight sites
Hydrogen Project
Lightsource BP to Partner with Dourogas on Green Hydrogen Projects in Portugal
There is excitement in some quarters about the potential of green hydrogen, but challenges remain.
Solar Power Plant
Greencoat Renewables Enters Spanish Solar Market
Infrastructure firm has acquired 50MW asset from Lightsource BP
Oil & Gas Trade
China’s Oil Imports Are Set To Slow In Q1
Chinese imports in March 2022 are set to be around 10.7 million barrels per day (bpd).
Crude Oil
OPEC+ Undershoots Oil Production Target Again
The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil pr…
United States
BP Acquires EV Fleet Charging Provider AMPLY Power in US
BP said on December 7 the UK company took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) char…
Offshore Wind Power
BP Sweetens Scotland Offshore Wind bid with Jobs Promise
BP Plc is beefing up its bid to develop wind projects off Scotland’s coast with the promise of creating hundreds of local jobs if it wins.
Oil Price
Goldman Remains Bullish On Oil Despite OPEC+ Decision
Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next mont…
Crude Oil
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
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