Tag Archives: British Petroleum Co. (BP)

Under the proposal. a $40 carbon tax. rising over time. would be levied on emissions in order to encourage a shift towards renewable energy sources such as solar and wind.

Growth in offshore wind is something the majors cannot afford to ignore as they plan for 2035 and beyond.

The country’s natural gas consumption has continued to grow as has natural gas’s role in Saudi Arabia’s current energy mix.

Energy consumption in China grew by just 1.3 percent in 2016.

Oil production in Azerbaijan stood at 826.000 barrels per day. or 1.6 percent less than in 2015. according to the report.

More than half of the growth in renewable power came from wind. which rose 16 per cent. while solar energy grew by 30 per cent as costs continued to fall sharply.

The export of Russian oil grew by 2.1 percent. to 8.6 million barrels per day last year.

EU gas consumption increased sharply by 30 bcm. or 7.1 percent - the fastest growth since 2010. Russia saw the largest drop in consumption of any country (-12 bcm).

BP said last week that it will announce the result of its evaluation of NISOC'.s customized model soon.

Norwegian company will take over two exploration permits from BP. which had scrapped its own drilling plans in December.