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OMV raises forecast for Brent crude oil

Energy News // 2 weeks ago

OMV raises forecast for Brent crude oil

Austrian energy company OMV raised its 2018 forecast for the price of oil by almost 6 percent, but cited a second half average lower than its prediction.

Oil prices drop on reports of U.S. inventory build

Energy News // 2 weeks ago

Oil prices drop on reports of U.S. inventory build

Crude oil prices turned sharply lower ahead of the start of trading Wednesday in New York after a surprise build in crude oil inventories in the United States.

Oil prices slip ahead of inventory report

Energy News // 2 weeks ago

Oil prices slip ahead of inventory report

Crude oil prices softened ahead of the start of U.S. trading Tuesday on possible wiggle room in Iran and steady personal incomes in the United States.

BP's Dudley sees short-term support for the price of oil

Energy News // 2 weeks ago

BP's Dudley sees short-term support for the price of oil

BP CEO Bob Dudley said Tuesday there were factors ranging from Iranian sanctions to a shortage of U.S. pipelines that supported higher crude oil prices.

BP spends $10.5 billion for BHP's U.S. shale assets

Energy News // 3 weeks ago

BP spends $10.5 billion for BHP's U.S. shale assets

British energy company BP said Friday it agreed to pay $10.5 billion to acquire the onshore U.S. shale assets from Australian mining giant BHP Billiton.

Shah Deniz sets cornerstone for European energy security

Energy News // 1 month ago

Shah Deniz sets cornerstone for European energy security

The start of the second phase of the Shah Deniz gas field off the coast of Azerbaijan sets a cornerstone for European energy security, an analyst said.

Oil prices lifted by Libyan oil production outage

Energy News // 2 months ago

Oil prices lifted by Libyan oil production outage

Crude oil prices edged slightly higher early Thursday after reports of the loss of Libyan oil production, though the downturn was balanced by OPEC pledges.

Key sales agreement reached for Alaskan LNG project

Energy News // 3 months ago

Key sales agreement reached for Alaskan LNG project

Foreign entity commitment to an Alaskan project meant to bring liquefied natural gas to the export market brings it closer to reality, the state governor said.

BP sees oil boosting quarterly figures, but looks ahead to renewables

Energy News // 3 months ago

BP sees oil boosting quarterly figures, but looks ahead to renewables

New production from new projects contributed to one of the best quarters since 2014, when oil prices were over $100 per barrel, BP said Tuesday.

BP sees $6 billion in gas investments in India

Energy News // 4 months ago

BP sees $6 billion in gas investments in India

British energy company BP said Thursday it signed off on the development of deepwater gas projects in India for a total investment of $6 billion.

BP looks to deepen partnership with Brazil's Petrobras

Energy News // 4 months ago

BP looks to deepen partnership with Brazil's Petrobras

British energy company BP said it wanted to expand its level of cooperation with an oil company in Brazil, one of the largest producers outside of OPEC.

BP may do better than expected

Energy News // 5 months ago

BP may do better than expected

Steady momentum for the oil and natural gas sector recovery could mean earnings improve for British supermajor BP, RBC Capital Markets said Monday.

Egyptian gas momentum picks up with Atoll, Zohr fields

Energy News // 6 months ago

Egyptian gas momentum picks up with Atoll, Zohr fields

Egyptian natural gas prospects improved on Tuesday when British supermajor BP said its first startup of the year came from the Mediterranean Sea.

BP reports one of its strongest quarters in years

Energy News // 6 months ago

BP reports one of its strongest quarters in years

Besting its industry peers, British energy company BP said Tuesday that profits more than doubled in 2017 and production was its highest since 2010.

BP offers glimpse at gains from U.S. tax code

Energy News // 7 months ago

BP offers glimpse at gains from U.S. tax code

British energy company BP said Tuesday its after-tax earnings from the United States would be supported by the 14 percent cut in the corporate tax rate.

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Quotes

It increased strongly for all forms of energy and in all regions
Energy use highest since 1973, BP says Jun 13, 2011

BP is not planning to sell its shares in TNK-BP
BP has no regrets regarding Rosneft deal Jun 09, 2011

This unique agreement underlines our long-term, strategic and deepening links with the world's largest hydrocarbon-producing nation
Russia, BP form partnership Jan 15, 2011

These are robust businesses which offer both existing production and potential opportunities for future growth
BP sells Latin, Asian assets to TNK-BP Oct 18, 2010

These results demonstrate that BP is well on track for recovery after the tragic accident on the Deepwater Horizon drilling rig and subsequent oil spill
BP returns to profit Nov 02, 2010

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