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BP Strategy ‘Reset’: Black Is The New Green

Mees

The significant capital reallocation away from renewables and towards the upstream marks a complete U-turn from the strategy set out by former CEO Bernard Looney in 2020 when he pledged to reinvent BP, cutting upstream output by 40% versus 2019 levels by 2030, from 2.6mn boe/d to just 1.5mn boe/d (MEES, 7 August 2020).

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Tellurian Upstream Sale: On To Greener Pastures

Novi

Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. The deal is good for the company despite the market reacting poorly to the sale price.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. While major gas deposits were found in the Outeniqua Basin in 2019 and 2020, operational challenges have impacted development.

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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory. 2] Learn how Enverus can help you uncover undrilled upside and assess remaining inventory accurately.

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EIA Lastest News – Product Prices & Pipeline News

The Energy Law

If US LNG consumption grows 6% annually, consumption will total 46 Bcm/y by 2020.) The unscheduled maintenance is on the larger of the two units located in Mississippi at Tennessee Carnes Interconnect, upstream of FGT Compressor Station.

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TAQA Morocco digitises its supply chain with DeepStream’s agile technology

DeepStream Medium

Mohamed Berrechid, TAQA Morocco Fuel Procurement Director, commented: In 2020, we realised that digitisation of the supply chain has no longer become optional. TAQA has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations.