Tag Archives: British Petroleum Co. (BP)

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.

The U.S. oil giant closed the facilities to assess damage from a magnitude 7.5 earthquake early Monday morning.

BP predicted that oil demand would continue to grow at about 0.5% through 2040.

BP predicts that there will be two billion cars worldwide by 2040 but that internal combustion engine will continue to dominate.