Tag Archives: British Petroleum Co. (BP)

Part of Pouyanne’s justification for expanding in politically risky countries could be the way Total sees future oil consumption playing out.

In countries like Brazil and Mexico. the slowdown at old fields jumped to double-digit rates last year.

Total and its European peers trace a large part of their historical success to gaining access to big and cheap oil deposits in the Middle East and Africa.

Oil will maintain its key role in the global energy mix for the forseeable future.

OPEC'.s top executive said at CERAWeek on Tuesday that the 100-million barrel per day market is fast approaching.

Barkindo plans to meet with physical crude traders and oil hedge funds while he’s in Houston.

Energy companies including BP. Total. Statoil and Eni are present in Russia.

The study predicted that Middle East oil production would reach 37 million barrels per day (bpd) by 2040.

BP and Statoil are already present in Algeria. working with Sonatrach at the Tiguentourine gas plant in the region of In Amenas.

The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.