Tag Archives: British Petroleum Co. (BP)

Western powers imposed sanctions in 2014 after Russia’s annexation of Crimea.

Big oil companies are pouring money into shale assets. scrambling for access to the best acreage in Texas.

The company has been underexposed to the hottest market in global oil since the sale of its U.S. shale assets in 2010.

Shell and BP predict oil consumption may flat line in the mid-2030s.

Looking to build on recent success. BP. Eni and Shell have all been aggressively approving greenfield projects during the downturn.

One of the aims of Sonatrach’s new venture would be to supply crude to the Italian refinery.

Rosneft is Germany’s third biggest oil refining market player. with aggregate capacity of 12.5 million tonnes a year.

Sakhalin-1 is operated by Exxon Neftegaz Ltd. through which ExxonMobil owns 30 percent in the project.

Rosneft supplies Germany with fuel via petrol stations operated by its partners BP and Total.

Opponents claim sanctions unfairly penalize US firms while allowing their foreign rivals such as Royal Dutch Shell and BP to operate in Russia.