Tag Archives: British Petroleum Co. (BP)

This is Chevron’s second project in the Australian LNG rush.

Japan exploring opportunities in downstream and mid-stream sectors.

The Russian state-run oil giant said the cost of its acquisition is $1.125 bn.

Last week. Exxon won the rights to develop 10 offshore blocks in Brazil.

The world economy is ``almost as good as it gets.`` with one of the best performances since the global financial crisis of 2008-09.

Adnoc plans to merge ADMA-OPCO with the Zakum Development Co.. or Zadco. of which it also owns 60 percent. by the end of the year.

The North Sea’s problem has always been high production costs.

TAP’s shareholding is comprised of BP (20 percent). SOCAR (20 percent). Snam S.p.A. (20 percent). Fluxys (19 percent). Enagás (16 percent) and Axpo (5 percent).

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

The move comes as BP re-evaluates its portfolio in the wake of a dramatic slump in oil prices three years ago.