BP
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The European energy sector is redrawing its energy map as BP, Shell, and Equinor announce plans to pull out of Russia. The moves will result in many billions of dollars in writeoffs.
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Subsidies lapse while others take hold in a bid to bolster offshore wind energy capacity around the globe.
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The London-listed supermajor says the latest project could help it deliver 30% of the UK's goal to reach 5 GW in hydrogen production capacity by 2030.
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Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed.
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Field will deliver gas to Trinidad market from a resource discovered in 2017.
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Project is part of BP’s plan to grow GOM production to 400,000 B/D by mid-decade.
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Four top oil executives will appear before the House Oversight Committee this week in a landmark moment for environmental activists who have spent years calling for investigations of the industry.
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BP boss is joined by ADNOC chief and India's oil minister in urging increased investment in everything from storage to fuel diversification.
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Tract is turned back by BP after operator fails to meet drilling obligation.
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Environmental permit will allow work on the $12-billion project to begin on site.