bp announced plans to invest up to £50 million (about $60 million) in a brand-new, cutting-edge analytical laboratory and electric vehicle (EV) battery testing facility in the UK. The UK's energy system will receive up to £18 billion in new investments from bp by the end of 2030; this additional investment is another another sign of BP's dedication to the nation.
Alana K. Knowles has been appointed by Chevron Corporation as vice president and controller, beginning March 1, 2023. David A. Inchausti, who will step down from that post as of February 28, 2023, and who is anticipated to retire from the corporation in April 2023 after 35 years of service, will be replaced by Knowles.
Based on preliminary data, Gazprom produced 262.4 billion cubic meters (bcm) of gas during January-July 2022. Compared to the same period last year, this is a decrease of 12%.
Shares in Equinor ASA (OSE: EQNR, NYSE: EQNR) have been sold by a primary insider:
Baker Hughes announced that it would sell its oilfield services business in Russia to the local management team.
OPEC's new secretary general stated that Russia's membership in OPEC+ is vital to the agreement's success, Kuwait's Alrai newspaper reported on Sunday.
ADNOC, Abu Dhabi's national oil company, announced today that it discovered natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. It is estimated that a new deeper reservoir contains between 1 and 1.5 trillion standard cubic feet (TSCF) of raw gas.
A strategic partnership between Iberdrola and bp was announced today to accelerate the energy transition. As part of their collaboration, the companies plan to significantly expand fast EV public charging infrastructure and develop large scale green hydrogen production hubs in Spain, Portugal, and the UK.
With the safe introduction of the first hydrocarbons for the start-up of production, Sonatrach's Tinrhert Field Development Project in Algeria has reached a major milestone. The development will boost both local and export natural gas production capabilities, enabling economic growth.
Drilling has begun on the Ofelia exploratory well in the Norwegian sector of the North Sea, according to a Neptune Energy announcement.
