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RIL, BP announce start of production from deepwater gas field in KG-D6
Reliance Industries Limited (RIL) and bp today announced the start of production from the Satellite Cluster gas field in KG-D6 block off the east coast.
read more... 26/04/2021
BP "lobbying to weaken" EU green investment
Oil giant BP is pushing the European Union to weaken what qualifies as a sustainable energy source, which could make it "more challenging" for the bloc to meet its net-zero emissions goal, an industry watchdog told AFP.
read more... 21/04/2021
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BP Plans $1.3 Billion Gas Collection System To Eliminate Flaring
Supermajor BP plans to invest $1.3 billion on constructing a system that would capture and collect natural gas released during oil production in the Permian to eliminate the highly controversial practice of flaring, the Wall Street Journal reports, adding that the company could announce an end to flaring by 2025.
read more... 20/04/2021
Daily (19.04.2021): NBP spot rose by 2% to a 2-month high on Friday due to persisting cold weather
Crude oil prices edged lower on Friday, as encouraging economic indicators from the United States and China were offset by coronavirus concerns. As such, Brent oil slipped by 0.3% to $66.77 a barrel, and WTI crude lost 0.5% to close at $63.13 a barrel.
read more... 19/04/2021
Daily (12.04.2021): NBP spot lost 3% on Friday, weighed by a healthy system
Crude oil prices weakened on Friday, weighed by a possible increase in Iranian production and coronavirus concerns. Consequently, Brent oil edged 0.4% lower at $62.95 a barrel and WTI crude slipped by 0.5% to $59.32 a barrel.
read more... 12/04/2021