BP
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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.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.