BP drops oil output target in strategy reset: sources
Murray Auchincloss, the Canadian CEO of BP, is scaling back the firm's energy transition strategy to regain investor confidence, sources tell Reuters.
Enbridge to build new oil and natural gas pipelines in Gulf of Mexico
The crude oil pipeline, named the Canyon Oil Pipeline System, will have a capacity of 200,000 barrels per day.
Big oil’s big payouts under strain as energy prices fall
By Ron Bousso LONDON (Reuters) -Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share...
OPEC rolls out global oil outlook to 2050, sees no peak demand
OPEC is citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.
Apollo inks $1bn deal with BP to fund stake in Trans Adriatic gas pipeline
Asset management company to become non-controlling shareholder funding BP's stake in Trans Adriatic natural gas pipeline.
Efforts to give drivers ‘peace of mind’ about EV touring amid staycation worries
While surveys reveal petrol drivers overestimate EV range anxiety, the UK's infrastructure still needs a boost.
Transocean Ltd. Announces $232 Million Ultra-Deepwater Drillship Contract
STEINHAUSEN, Switzerland, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 365-day contract for the Deepwater Atlas with...
US Gulf Coast residents flee, oil production shut as Francine intensifies
Energy companies began evacuating offshore workers and shut-in output at several production platforms ahead of the storm.
US oil firms evacuate staff, cut drilling ahead of Storm Francine
U.S. Gulf oil producers evacuate staff, halt output as Tropical Storm Francine threatens Texas and Louisiana coasts.
