BP
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The Eni-BP Azule JV creates Angola’s largest independent oil and gas company and will operate the New Gas Consortium project, the country’s first non-associated gas project and a boost to West African LNG. -
The award follows BP’s participation in a limited bid round held in 2021.
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The UK supermajor is selling off its Sunrise oil sands stake for cash, interest in the undeveloped Bay du Nord complex off Newfoundland.
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Senior Vice President Starlee Sykes told an audience at the Offshore Technology Conference that low-carbon barrels from the company's domestic offshore portfolio will help fund its transition plans.
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Project should add just over 10,000 B/D to Na Kika throughput.
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The newbuild vessel will be used in partnership with Kirby Offshore Wind on the Empire wind farm off New York.
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The impact of COVID-19 on the global economy, and thus its oil and gas consumption habits, is seen as less severe in the supermajor's latest annual outlook.
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Azule Energy, a new E&P company, will be independently managed and one of Angola’s largest oil producers.
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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.
