Friday, July 10, 2026

Major BP Projects for 2018

Production from the full five-field West Nile Delta development, the Giza-Fayoum-Raven project, is expected to represent about 30% of Egypt’s current production BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, with assets coming up in Europe, North Africa and North America. David O’Connor, BP’s head of global projects, gave a

Who Will Save the East Coast’s Oldest Refiner After Bankruptcy?

From Bloomberg After nearly 150 years in business, the biggest oil refinery along the U.S. East Coast has operated through the Great Depression, two world wars and the 1970s Saudi oil embargo. It’s faced more than one shutdown. Now, its owner says a 13-year-old government biofuels mandate brought the Philadelphia fixture to its knees. When the plant faced collapse in

Weekly Oil Storage: Record Draw Continues

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 1,071 MBBL last week to 411,583 MBBL, from 412,654 MBBL. This is 16% below the 488,296 MBBL that was in storage at this point last year, and is 4% above the five-year