Oil Majors Brace for Dividend Drought as Sub-$70 Crude Bites
Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry…
International
BP seeks partner for Brazil oil discovery
BP, opens new tab will seek a partner for its major Bumerangue oil discovery in Brazil and could close a…
International
New BP Chair Manifold urges faster oil and gas strategy shift
New BP, opens new tab Chair Albert Manifold told employees on Tuesday that the group’s portfolio was “overly complex” and…
Decommissioning
bp award THREE60 Energy and AF Gruppen Andrew decommissioning project in the UK
A new joint venture (JV) between THREE60 Energy (THREE60) and AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, has…
Regional
BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target
Conflict in Ukraine and Middle East as well as trade tariffs are making states focus on energy security BP has…
International
BP’s Brazil oil discovery signals receding fears of stranded assets
BP Bumerangue discovery in Brazil could hold over 2 billion barrels of oil reserves Discovery comes as oil majors revive…
International
Energy majors commit billions for Angolan projects
Luanda, Angola — Energy majors bp, Eni and TotalEnergies committed billions for Angolan projects during the opening ceremony of the…
Regional
BP Inks MoU to Drill 5 Gas Wells offshore Egypt
BP PLC has signed a memorandum of understanding (MoU) to study opportunities for a five-well drilling program targeting natural gas…
International
BP hails Brazil block as its largest global oil and gas find in 25 years
BP, opens new tab has made its largest global oil and gas discovery in 25 years in Brazil’s Santos basin,…
Contracts
Bilfinger Secures Major Inspection Services Contract with bp in UK
Bilfinger to provide NDT (Non-Destructive Testing) inspection services across all of bp’s North Sea assets Award strengthens longstanding partnership and…
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