Tag Archives: British Petroleum Co. (BP)

As the higher oil prices and the cost cuts resulted in strong cash flows for Big Oil. the companies are now trying to reward their shareholders.

The Persian Gulf nation aims to raise output to over 1 billion cubic meters by March from around 880 million cubic meters daily.

The CCUS Summit. held ahead of the IEA’s 2017 Ministerial Meeting. was co-chaired by Rick Perry. the United States Secretary of Energy and Dr Fatih Birol. the IEA Executive Director.

The new venture is seeking regulatory approvals and would be run as an independent entity. the consortium said in a statement.

TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey.

For Petrobras. the achievement of partnerships is an important strategy of the 2017-2021 Business and Management Plan.

The other oil majors. by and large. also appear able to cover their capex and dividends with their cash flow. or at least are coming pretty close.

Oil major BP signalled a switch from ``defence to offence`` in its third-quarter profits update.

Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.

The September 25 independence referendum in oil-rich regions of Iraqi Kurdistan and Kirkuk led to a military operation driven by the Iraqi government forces.