Hints and tips:
...Future dealmaking could see remaining oil sands interests held by Total, Shell, BP, and Chevron — which no longer consider the region strategic — targeted for acquisition by Canadian operators, Mr Oberstoetter...
...Power Points BP said it was committed to buying back shares this year after reporting a tripling in earnings....
...Larger groups such as Imperial Oil, which is 69.2 per cent owned by ExxonMobil, Suncor Energy and Husky Energy, which has an oil sands joint venture with BP, often have pipeline capacity booked and their...
...BP, Shell and other traders have established a consortium aiming to develop a blockchain-based digital platform for energy commodities trading by the end of this year....
...BP, Royal Dutch Shell and Total have trading arms. Saudi Aramco, the state oil company, has launched a trading arm focused on refined products....
..., BP’s Russian joint venture....
...The new directors proposed by Hess include John Krenicki, the former head of GE’s energy business, and Mark Williams, former head of refining and marketing for Shell....
...Its reserve-replacement ratio was more than 100 per cent last year – meaning it found or acquired more oil than it produced – compared with Royal Dutch Shell’s 85 per cent and BP’s 75-85 per cent....
...Mr Dudley also rejected calls from some quarters to break up the company by selling its refining and marketing operations, noting that “we concluded that is not in the best interests of our shareholders”...
...The shuffle comes less than a year after former Cnooc chairman Fu Chengyu left the company to take up the reins at rival Sinopec, China’s largest oil refining company....
...BP also expects by the end of the year to take an investment decision on the first phase of the $2.5bn Sunrise development, an oil sands project that it shares 50/50 with Husky Energy of Canada....
...The disappointment was deepened by the fact that BP and Royal Dutch Shell, Exxon’s closest rivals, had kept production flat or growing and had beaten expectations....
...That is the model that BP and Husky have adopted in their joint venture....
...BP has only just entered oil sands, with the joint venture with Husky Energy announced late last year....
...Even Saudi Arabia, which keeps them out of its upstream oil business, allows them into its refining industry and to look for gas....
...BP offers some scope for gains from a recovery angle although its heavy weighting to the upstream business leaves it relatively more sensitive to oil prices....
...Other US refineries have also suffered problems restricting their output, at a time of lavish refining margins in the US....
...An internal BP probe into the 2005 Texas City explosion found that John Manzoni, the then-head of refining and marketing, who left BP in May, should have carried out a “much deeper dive” into the true state...
...BP kicked off the oil majors’ reporting season on Tuesday with a 17 per cent decline in first quarter net income....
...June 6, an historic agreement was signed between the Libyan government and affiliates of Colony Capital, whereby the Los Angeles-based private equity firm will take control of Tamoil and OilInvest, a oil refining...
...Shell and BP said it was impossible to speculate on the possible damage. The bigger fear was about what impact the hurricane would have on longer-term production and refining....
...It also increased its refining margin forecasts....
...BP slipped 1 per cent to 534.5p because weaker refining margins took the edge off a broadly in-line third-quarter update....
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