Tag: BP

• Wednesday, August 6th 2025 - 10:17 UTC

  BP announces major oil discovery off Brazil, while OPEC+ with Saudi Arabia leading, increase production

  

  Britain’s BP oil and gas giant announced this week its biggest oil and gas discovery in 25 years off the coast of Brazil. This happens when the corporation is in the midst of a major overhaul, dropping the renewable energy strategy thrust, and returning to traditional hydrocarbons policy.

• Tuesday, December 19th 2023 - 09:24 UTC

  Red Sea becoming a no-go area for international shipping

  

  Several global maritime agencies and oil and gas giant British Petroleum announced they would temporarily pause transit through the Red Sea until further notice because of the repeated missile and drone incidents against their vessels.

• Friday, March 19th 2021 - 08:50 UTC

  Argentina buying LNG cargoes from BP, preparing for the coming winter

  

  Argentina's state-owned IEASA received offers from 14 companies to supply 24 LNG cargoes at an average price of US$ 6.50/mn Btu. All the offers are expected to be awarded for a total of US$ 330mn, according to the energy secretariat.

• Monday, September 14th 2020 - 11:34 UTC

  “Relentless growth of oil demand is over”, anticipates BP in a report

  

  British multinational oil and gas company BP said the relentless growth of oil demand is over, becoming the first super-major to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday.

• Saturday, May 2nd 2020 - 07:20 UTC

  Shell announced it was cutting its dividend for the first time since World War Two

  

  Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.

• Friday, September 6th 2019 - 09:53 UTC

  Major oil companies billions in investments incompatible with Paris climate accord, claims energy think-tank

  

  Major oil companies have approved US$50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.

• Wednesday, August 28th 2019 - 09:03 UTC

  BP divests from Alaska's Prudhoe Bay to concentrate in Texas shale

  

  British oil giant BP on Tuesday agreed to sell all its Alaskan properties for US$5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.

• Monday, September 24th 2018 - 09:15 UTC

  Petrobras plans to increase output 10% next year to some 2.3 million bpd

  

  Brazil’s state-run oil giant Petrobras aims to raise output as much as 10% to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by US$10 billion, according to Chief Financial Officer Rafael Grisolia. The world’s most indebted oil company is on course to reduce debt to US$ 69 billion by the end of this year despite falling short of its US$ 21 billion asset sales target, Grisolia pointed out.

• Friday, August 31st 2018 - 08:22 UTC

  BP, Shell, Total to bid in Brazil's pre-salt auction

  

  Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.

• Tuesday, June 26th 2018 - 08:35 UTC

  Latest member to join OPEC expects to raise oil production by 65%

  

  The Republic of Congo expects to raise oil production by as much 65% this year as two new projects come on stream, Hydrocarbons Minister Jean-Marc Thystere-Tchicaya said.