Sunday, July 15, 2018

Bp Plc News

U.S. Court Dismisses Climate Change Lawsuits Against Oil Majors

File Image: Adobestock / © Renaschild

A California federal court dismissed climate change lawsuits against five oil companies by the cities of San Francisco and Oakland, saying the complaints required foreign and domestic…

BP to Cut 3% of Jobs in Upstream Business

British oil giant BP Plc plans to cut 3 percent of jobs in its exploration and production as part of a restructuring of its upstream operations to make the division more efficient and flexible…

US Military Seeks Rules for Drilling in Gulf of Mexico

File photo: U.S. Navy personnel detonate a floating mine during an exercise in the Gulf of Mexico (U.S. Navy photo by Patrick Connerly)

An expansion of oil drilling in the eastern Gulf of Mexico would interfere with U.S. military testing unless the Pentagon and another agency develop rules to govern the work, the U.S.

Idled St. Croix Refinery to Restart, Produce Fuels by 2020

Owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, which was once one of the world's largest refineries, plan to invest $1.4 billion to refurbish and restart a portion of the plant, they said on Monday.

Subtropical Storm Alberto's Landfall Expected Early Next Week

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U.S. Gulf of Mexico producers and refiners are monitoring Subtropical storm Alberto, which is expected to make landfall between east Louisiana and the Florida panhandle early next week, the companies said on Friday.

Petrobras in Talks with CNPC to Build Refinery

Petroleo Brasileiro is in talks with China National Petroleum Corp. to complete construction of a refinery in Rio de Janeiro state, Pedro Parente, CEO of Brazil's state-controlled oil company, said on Tuesday.

Aker BP Sheds 10 pct Stakes in Valhall, Hod Fields

File Image (CREDIT: Global Marine Systems)

Norwegian oil firm Aker BP has agreed to sell 10 percent stakes in two North Sea fields to private equity-backed Pandion Energy for an undisclosed amount to help pay for expansion plans in the area, it said on Monday.

Trump Aims to Open Nearly All US Offshore to Oil Drilling

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The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal states…

As US Opens Up Offshore Waters, Eastern GoM Beckons

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President Donald Trump's administration has proposed opening up nearly all of America's offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it…

Mexico's Energy Sector Faces Deepwater Auction Test

FileImage: an offshore Mexico oil installation. CREDIT: AdobeStock / (c) Mike Mareen)

An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto's government to capitalize on its opening of the energy sector…

BP invests $5 mln in FreeWire in electric vehicle move

(Photo: FreeWire)

BP Plc said it had invested $5 million in U.S. mobile electric vehicle charging company FreeWire, helping it provide rapid charging at its retail sites in Britain and Europe, as…

Long wait Ends for Big Oil as Mexico Auctions Prized Blocks

Mexico will on Wednesday offer foreign energy firms the right to drill beneath prized deep waters in the Gulf of Mexico that may contain billions of barrels of oil, the climax of…

Exxon, Chevron Shares Plunge

Exxon Mobil Corp and Chevron Corp posted rare quarterly earnings misses on Friday as cost cuts and rising oil prices failed to offset weakness in international refining operations…

California to Ban Crude from Trump Offshore Drilling Plan

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California will block the transport of petroleum from new offshore oil rigs through its state, officials told Reuters, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S.

NuStar, Other Energy Partnerships Simplify Business Models

Photo: NuStar

Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. Rising oil and…

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

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Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region.

Exxon Leads Oil Majors in Aggressive Offshore Brazil Bids

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Exxon Mobil Corp roared into Brazil's prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country's choice…

Frontera Energy Names New CEO, Doubles Investment in Peru

Photo: Frontera Energy

Canada's Frontera Energy Corp named a new chief executive on Monday, and said it plans to more than double its investment in operations in Colombia and Peru during 2018, to up to $500 million.

Argentina Outlines Plan for $1.6 bln in Late Natgas Subsidy Payments

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Argentina will pay the $1.6 billion in subsidies it owes to oil companies that increased natural gas production in 2017 in 30 monthly quotas starting in January 2019, the Energy Ministry said on Tuesday.

Freeport LNG Delays Start of Texas Export Terminal

(Photo: Freeport LNG)

Freeport LNG, a privately held U.S. liquefied natural gas company, said on Thursday it pushed back the projected start date for its $13 billion export terminal under construction…

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