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Daily (21.07.2023): NBP spot jumped by over 8% on Thursday following a halt in production at Aasta Hansteen
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023
BP, Orsted reach deal over overlap of UK Endurance CCS, Hornsea windfarm sites
BP and Orsted have resolved a dispute over an overlapping zone in the UK North Sea between the BP-led Endurance carbon capture project and the Danish firm's planned Hornsea 4 windfarm, the companies said in a letter published by UK authorities.
read more... 22/06/2023
BP ventures back into oil frontiers to boost output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
read more... 11/05/2023
BP sees investment decision on Teesside carbon capture projects in 2024
BP expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside, it said on Tuesday.
read more... 10/05/2023
Britain's Harbour Energy, BP to develop Viking CCS project
Harbour Energy, Britain's largest oil and gas producer, said on Tuesday it has entered into an agreement with BP to develop the Viking CCS transportation and storage project.
read more... 11/04/2023