BP turns back to fossils, to increase annual oil, gas investment to $10 bn
The oil major slashed planned annual investment in transition businesses by more than $5 billion than its previous forecast, to between $1.5 billion and $2 billion per year ...
Seeking Alpha23d
BP: 5 Levers To Pull At The Investor Day
Per barrel, BP logs around $50 in opex ... having to look back only as far as 2010s GoM oil spill from which the company is still recovering financially and which forced it to divest some of ...
Oil prices under $60 a barrel would hit small producers, Occidental Petroleum exec says
Smaller producers will likely pull back on activity if oil prices fall below $60 a barrel, Fred Forthuber, president of OXY ...
Mint8d
Castrol India share price jumps 6% amid reports of potential Saudi Aramco bid for BP’s lubricant business
Castrol India share price jumped nearly 6% on Thursday following reports that Saudi Aramco is considering a potential bid for BP Plc’s lubricant business. Castrol India shares rallied as much as ...
Rigzone21d
USA Crude Oil Inventories Rise by 4.6MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 432.5 million barrels on February 14, according to the EIA. Image by mouu007 via iStock U.S. commercial crude oil inventories, excluding those in ...
This is Money22d
BP mulls £8bn sale of motor oil arm Castrol as investors demand a shake-up at the energy giant
BP is thinking about selling its Castrol motor oil division in a deal that could be worth £8billion. The British energy giant is under pressure from investors – including activist Elliott ...
The Motley Fool10d
3 Top Oil Stocks to Buy With Crude Hovering Around $70 a Barrel
Those rising cash returns could help give ConocoPhillips the fuel to produce strong total returns for its investors this year if oil continues to hover around $70 a barrel. Devon Energy has ...
Reuters16d
BP cuts renewable investment and boosts oil and gas in strategy shift
BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol ... 2.3 million and 2.5 million barrels of oil equivalent per day ...
Sahara Reporters7d
Nigeria’s Crude Oil Production Hits 1.7Million Barrels Daily
According to the data published by the NUPRC, Nigeria’s crude oil production stood at 1.737 million barrels per day in ... malfeasance in Africa. Using photos, text, and video dynamically ...
AOL10d
3 Top Oil Stocks to Buy With Crude Hovering Around $70 a Barrel
It capped its transformation off last year by acquiring Marathon Oil in a $22.5 billion deal. That purchase added over 2 billion barrels of oil and gas resources with an average cost of supply ...
Vanguard9d
Oil price decline to $73.5 per barrel threatens budget 2025 revenue target
THE price of Nigeria’s Bonny Light crude oil fell by 10.6 per cent to $73.53 per barrel from $84.02 per barrel on January 15th, fuelling fears over achievement of the Federal Government’s ...