Monday, July 14, 2025

BP To Boost Gulf of Mexico Spending as Shale-Focused Rivals Pull Back

From Reuters BP Plc on Monday announced new production units in the Gulf of Mexico, enhancing its standing as the largest producer there at a time when rival global oil majors are scrambling to expand vast U.S. onshore shale drilling. Britain-based BP will add two new subsea production units about two miles (3.2 km) south of its existing giant Thunder

TransCanada Changes Name to TC Energy

From Reuters Pipeline company TransCanada Corp said on Friday it has changed its name to TC Energy, to reflect the expansion of its business beyond Canada to the United States and Mexico. Calgary-based TC Energy has been struggling to make progress in building new oil export pipelines out of western Canada. The company has been working for more than a