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Showing results for McClain v. BP America Production Company, Inc.
...Big oil groups have also joined the lobbying effort, with BP and Woodside Energy among fossil fuel companies that recently wrote to the government to “act prudently” in its guidance....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...Under the current structure, BP’s head of safety does not sit on the executive team and reports to the executive vice-president for production and operations, not the chief executive....
...Companies such as his should be able to continue investing in new production — and should be rewarded for doing so, he says....
...It points to one of the thorniest issues facing oil companies — they are being called on to accelerate investment and production to head off a damaging oil price leap, but face huge questions about the future...
...Ineos, owned by Jim Ratcliffe, has a sprawling business spanning petrochemicals, refineries and oil and gas production....
...Royal Dutch Shell says oil production peaked in 2019. Shell, BP and America’s Exxon have written off tens of billions of dollars on stranded, uneconomic assets....
...For BP, which owns half of Lightsource BP, Bighorn underlines the company’s strategic shift into clean energy, said David Lawler, head of the UK oil company’s operations in the US....
...Tesco Adrian Morris Group general counsel Adrian Morris held senior legal posts at energy company BP and UK utility Centrica before joining Tesco, the UK supermarket chain, in 2012....
...Having sold a portion of energy production in advance, the outages meant “the company had to purchase these volumes to fulfil its supply obligations” at prices of up to $9,000 a MWh....
...In a world that is pushing for a greener future, even some of the biggest oil producers such as BP are aspiring to move beyond petroleum....
...European oil majors such as BP and Shell have signalled a shift into renewables....
...Insufficient pipeline capacity to ship growing volumes of oil-sands production to markets beyond North America has periodically forced deep discounts on Canadian exports....
...(Patrick Temple-West) Bank of America chief says all companies need a carbon neutrality plan The time has come for all companies to commit to going carbon neutral, says Bank of America chief executive...
...(50-70 bp pa, FY20-24E)....
...Restructuring plans involve reducing mid-term production capacity....
...The easing of production restrictions has released some pent-up demand so, as long as you ignore all the stuff that’s happening in the rest of the world, it is a supportive data point for the V-shaped thesis...
...Enquest and Aker BP go onto the “buy” list “as the levered cashflow winners”....
...It took a brief flurry of dealmaking in the early 1980s to focus national attention on Pickens, whose Mesa Petroleum had grown to become one of America’s biggest independent exploration companies....
...Negative rates are not going to happen in America in GREED & fear’s view....
...BP results are better than expected, as is Glencore’s Q4 production report. .... Atos has sold 13.1 per cent of Worldline and the Von Finks have exited SGS ......
...Mr Lanau, a former country economist for Venezuela at the IMF, has calculated his own output figures since, based on measures such as oil production (down 18 per cent last year), car production, which “has...
...In many oil sands projects, shutting down production completely can damage the reservoir and make it impossible to restart, but companies can throttle back....
...He will be joined by Cesar Gueikian as chief merchant officer, Kim Mattoon as chief financial officer and Christian Schmitz as chief production officer....
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