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Bp
Crude Oil
Venezuela Plans To Revive Its Oil Industry Despite U.S. Sanctions
Venezuela is ignoring U.S. sanctions with its plan to boost production to 1.5 million bpd by the end of the year, around three times the current output.
Crude Oil
Sapref to Restart Durban Refinery
BP and Shell's South African joint venture Sapref will restart its 180,000 b/d Durban refinery tomorrow after a temporary shutdown last week in response to civi…
Oil Price
OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022
OPEC said that that demand next year would rise by 3.4% to 99.86 million barrels per day, averaging more than 100 million bpd in the second half of 2022.
Oil Field
BP and Lukoil Considering Selling Stakes in Iraq
Oil minister describes country's investment environment as 'destructive' for international oil companies
Crude Oil
Goldman Sachs: Oil Markets To See Deficit Of 5 Million Bpd By End 2021
The oil market will end 2021 in a deficit of 5 million bpd as demand grows by another 2.2 million bpd in the second half of the year
United Kingdom
Huawei, Bp Subsidiary Partner to Reduce UK Energy Costs by 20%
A new partnership between Lightsource Labs, a subsidiary of Lightsource bp, Huawei, and renewable energy solutions firm Midsummer, aims to help UK households to…
Solar Power Plant
Lightsource BP Solar Project in Spain Starts Commercial Operations
Under an operations and maintenance agreement, Prodiel will continue to maintain the solar cluster for the next two years.
Nuclear Reactor
EDF Reaches AGR Decommissioning Agreement
The Department for Business, Energy and Industrial Strategy said the deal, which was signed yesterday, will save the UK taxpayer about GBP1 billion, as EDF and …
Oil&Gas Drilling
BP Starts up Manuel Project in Deepwater Gulf of Mexico; 20,100 boe/d
bp announced the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.
Offshore Wind Power
Oil Major BP Joins Consortium Seeking Wind Power off Norway
The consortium in which each partner will have a 33.3% stake plans to bid for offshore wind power projects in the Soerlige Nordsjoe II licensing area in the sou…
Crude Oil
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Solar Power Plant
Lightsource BP Partners on 1.35GW Portuguese PV
Lightsource BP has entered into a co-development partnership with Portuguese company Insun for five utility-scale solar farms that will add over 1350MW of new c…
Oil Field
Adnoc Awards $744m Offshore Field Contract to NPCC
The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023
Oil Shale
U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, th…
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