Tag Archives: British Petroleum Co. (BP)

Expensive energy is back and it is threatening global economic growth.

OOCEP holds a 40 percent stake in the block. while Britain’s BP holds the remaining 60 percent.

The supply deal will likely start ahead of this winter and it will be for about three years.

The BOC-operated fields will add 700.000 bpd to overall production by 2024.

Chevron is investing billions of dollars in a new reinjection system that will put the sour gas back into the reservoir.

Emerging-market crises and trade disputes could dent global demand.

The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.

Exxon. Chevron and Occidental are now the first U.S. energy companies to join the Oil and Gas Climate Initiative.

Methane is released into the atmosphere mostly through leaks in gas infrastructure such as pumps and pipelines.

Egypt is becoming an important gas and electricity hub that can provide energy security for the EU.