Tag Archives: British Petroleum Co. (BP)

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.

BP is the operator of the Shah Deniz and ACG development projects.

BP sees Chinese demand for oil surging 61 percent. and gas demand soaring 186 percent by 2035.

Some of those investments failed to pan out and BP in 2011 wrote off its solar business.

BP has a stake of nearly 20 percent in Rosneft and Dudley said he was very happy with the partnership and future projects.

Total also has interests in four exploration blocks it was awarded in auctions last year. two of which it operates.

Earlier this week Norway’s Statoil reported yet another dry well in the Barents Sea. some 100 km northwest of the Johan Castberg discovery.