BP – Page 14 – Oil & Gas 360

Draft EIS Released for $43 Billion Alaska LNG Project

July 2, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Alaska Gasline Development Corporation receives FERC input for large proposed gas export project Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline Development Corporation’s Alaska LNG project, concluding that construction and operation would result in temporary, long-term and permanent impacts on the

Canadian LNG Company Signs SPA with BP

June 27, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Woodfibre LNG to deliver 0.75 Mtpa over 15-year period Woodfibre LNG, a wholly owned subsidiary of Pacific Oil & Gas Limited, has signed a binding sales and purchase agreement with BP Gas Marketing Limited, a wholly owned subsidiary of BP (stock ticker: BP), for the delivery of 0.75 Mtpa of LNG

$2.2-Billion Haynesville Merger Creates New Basin Leader

June 14, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Comstock acquires Covey Park Energy for $2.2 billion Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing to do with football. Rather, it involved Haynesville producer Comstock Resources (stock ticker: CRK), of which Jones is a majority

U.S. Gas Heads to Eastern Europe: Bulgaria Makes First U.S. Buy with Two LNG Cargoes

May 31, 2019

Cheniere, BP are the sellers From Reuters SOFIA, May 31 (Reuters) – Bulgaria has agreed to buy U.S. natural gas for the first time, signing a deal for a delivery in the second quarter and another in the third, the Bulgarian energy minister said on Friday. Dutch-registered trader Kolmar NL will deliver a 90 million cubic metre (mcm) cargo of

Greenpeace Blocks Entry to BP’s London HQ – Demands End to Oil Exploration

May 20, 2019

Activist to Dudley: immediately end oil exploration and switch to 100% renewables, or wind down the company; last month’s target was Shell From Reuters LONDON (Reuters) – Greenpeace activists blocked the entrance to BP’s London headquarters on Monday, demanding one of the world’s biggest energy companies end all new oil and gas exploration or go out of business. Greenpeace activists

BP’s Tech Startups Paying Off – Lytt is like Downloading 1000 Netflix Films Simultaneously

May 9, 2019

BP recently created BP Launchpad as a business incubator From the Houston Chronicle BP is getting into the startup business launching its own well technology business, called Lytt, with [other tech startups] on the way. BP developed the acoustic, fiber-optics technology a couple of years ago to help identify sand interference in its offshore wells and the British energy supermajor

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

May 6, 2019

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

BP Latest Oil Major to Exit China’s Shale Gas After Poor Drilling Results

April 11, 2019

From Reuters European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said this week. BP is the last of the international oil majors, including Royal Dutch Shell, Exxon Mobil, ConocoPhillips and ENI, to quit exploring

BP and Shell Both Claim to Be Number One in Investor Returns

March 29, 2019

From Bloomberg In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell Chief Executive Officer Ben van

BP’s Sale Plan Buried by Snow in Wyoming Oil and Gas Field

March 28, 2019

From Reuters BP’s plan to sell its interest in a half-million acres (202,340 hectares) of land in Wyoming dotted with 2,000 oil and gas wells has been put on ice. Over 4 feet (1.3 meters) of snow fell this winter in the Wamsutter field in south-central Wyoming – more than double the usual average – and that buried anything a

U.S. Buyers of Venezuelan Oil Sub in Shell, Bp Offshore Crude

March 25, 2019

From Reuters Sanctions on Venezuela’s oil industry have made winners out of Gulf of Mexico offshore heavyweights Royal Dutch Shell Plc and BP Plc as U.S. refiners in need of substitutes are scooping up oil produced in the region. The two major oil companies produce notable amounts of crude oil that refiners have settled on as the immediate replacement for

BP has invested more money in Egypt than anywhere else in the last two years, CEO says

February 12, 2019

From CNBC BP has invested more money in Egypt in the last two years than anywhere else, the oil giant’s Chief Executive Bob Dudley told CNBC. “Today (the scale of our operations) is very big,” Dudley told CNBC Monday. “We produce oil in the Gulf of Suez but really our focus in the last five years has been this big push

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