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BP

Balita

Reuters - 3 oras ang nakaraan

BP tells regulators Venture Global does not need more time to start production

UPDATE 2-BP tells regulators Venture Global does not need more time to start production Adds background and context at paragraphs 3, 5 and 6 By Curtis Williams HOUSTON, Aug 14 (Reuters) - Oil and gas producer BP Plc BP.L told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production.
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Reuters - 3 oras ang nakaraan

BP tells regulators Venture Global does not need more time to move to commercial operations

BP tells regulators Venture Global does not need more time to move to commercial operations HOUSTON, Aug 14 (Reuters) - BP Plc BP.L on Wednesday told federal regulators that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production. Venture Global applied to the Federal Energy Regulatory Commission (FERC) for an extension to commence commercial operations of its Calcasieu Pass LNG export facility in Louisiana to ne
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Reuters - 6 oras ang nakaraan

Europe Distillates-Diesel cracks hold steady

Europe Distillates-Diesel cracks hold steady LONDON, Aug 14 (Reuters) - Northwest European diesel barge refining racks rose by a marginal 16 cents to $17.79 a barrel on Wednesday, even as U.S. distillate stockpiles registered a deeper-than-expected draw last week. A total of 6,100 metric tons of 10ppm diesel barges traded in the Platts window, up from one 3,000 ton barge on Tuesday.
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Reuters - 9 oras ang nakaraan

Azerbaijan's January-July oil exports via BTC pipeline down 2.3% y/y

Azerbaijan's January-July oil exports via BTC pipeline down 2.3% y/y BAKU, Aug 14 (Reuters) - Oil exports via the Baku-Tbilisi-Ceyhan pipeline, which runs from Azerbaijan through Georgia to Turkey, were down 2.3% year-on-year in January-July 2024 at 17.167 million metric tons, Azerbaijan's state statistics committee said on Wednesday. The BTC pipeline is used to export oil from the Azeri, Chirag and Guneshli oilfields, which are operated by BP BP.L .
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Reuters - 11 oras ang nakaraan

US refiners scale back crude intake as fuel stocks swell: Kemp

RPT-COLUMN-US refiners scale back crude intake as fuel stocks swell: Kemp Repeats Tuesday's column with no changes to text By John Kemp LONDON, Aug 13 (Reuters) - U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of the second quarter of 2024. Refiners’ gross inputs of crude and unfinished oils slowed to 16.6 million barrels per day (b/d) over the seven days ending on Aug.
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Reuters - 14 oras ang nakaraan

UK approval for gas-fired power station was lawful, court rules

UPDATE 2-UK approval for gas-fired power station was lawful, court rules Adds BP comment in final paragraph LONDON, Aug 14 (Reuters) - Britain's approval of a new gas-fired power station backed by BP BP.L was lawful, London's High Court ruled on Wednesday, dismissing a legal challenge over the project. Climate campaigner Andrew Boswell had taken legal action over the decision to build the power station with carbon capture and storage in Teesside, northeast England.
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Reuters - 14 oras ang nakaraan

New drilling technology to put billions of barrels of oil in reach, analysts say

New drilling technology to put billions of barrels of oil in reach, analysts say By Gary McWilliams HOUSTON, Aug 14 (Reuters) - An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said. Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well.
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Reuters - 14 oras ang nakaraan

UK's approval for new gas-fired power station was lawful, London court rules

UK's approval for new gas-fired power station was lawful, London court rules LONDON, Aug 14 (Reuters) - Britain's approval of a new BP-backed gas-fired power station was lawful, London's High Court ruled on Wednesday, dismissing a legal challenge over the project. Climate campaigner Andrew Boswell took legal action over the decision to build the power station with carbon capture and storage in Teesside, in northeast England – which is part of a joint venture between BP BP.L and Equinor EQNR.OL
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Reuters - 1 araw ang nakaraan

Europe Distillates-Diesel cracks rise in thin trading

Europe Distillates-Diesel cracks rise in thin trading LONDON, Aug 13 (Reuters) - Northwest European diesel barge refining racks rose about 3.5% to $17.24 a barrel on Tuesday as buying activity remained thin, while rising imports weighed. Finco sold a 3,000 metric ton 10ppm diesel barge to Vitol in the Platts window. Trading activity has been subdued in recent sessions on seasonally weak demand, traders said.
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Reuters - 1 araw ang nakaraan

US refiners scale back crude intake as fuel stocks swell: Kemp

COLUMN-US refiners scale back crude intake as fuel stocks swell: Kemp By John Kemp LONDON, Aug 13 (Reuters) - U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of the second quarter of 2024. Refiners’ gross inputs of crude and unfinished oils slowed to 16.6 million barrels per day (b/d) over the seven days ending on Aug.
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Reuters - 2 araw ang nakaraan

Europe Distillates-Diesel diffs slip on contract expiry

Europe Distillates-Diesel diffs slip on contract expiry LONDON, Aug 12 (Reuters) - Northwest European diesel barge refining differentials eased on Monday, after the August diesel futures contract expired and as buying activity remained subdued. BP sold a 3,000 metric ton 10ppm diesel barge to Trafigura in the Platts window. Deliveries of low-sulphur gasoil LGOc1 for August rose to 1,504 lots, or 150,400 tonnes, at expiry, their highest since April, from 975 lots in July, InterContinental Exchang
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Reuters - 2 araw ang nakaraan

Chevron delivers industry first in ultra-high pressure oil field

Chevron delivers industry first in ultra-high pressure oil field HOUSTON, Aug 12 (Reuters) - Chevron CVX.N has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Its $5.7-billion project, called Anchor, ushers in an era of production from deepwater areas that had long been off-limits, because of the lack of equipment able to cope with pressures of up to 20,000 pounds per square inch.
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Reuters - 5 araw ang nakaraan

Europe Distillates-Diesel refining margins end week lower

Europe Distillates-Diesel refining margins end week lower LONDON, Aug 9 (Reuters) - Northwest European diesel barge refining margins slipped by around 89 cents to $16.89 a barrel on Friday, losing around 13% on the week amid low buying activity and rising inventories. Glencore sold a 3,000 metric ton 10ppm diesel barge to Gunvor in the Platts window, after the same two firms traded a single barge on Thursday.
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Reuters - 6 araw ang nakaraan

Azerbaijan exports 7.5 bcm of gas to Europe in Jan-July, ministry says

UPDATE 1-Azerbaijan exports 7.5 bcm of gas to Europe in Jan-July, ministry says Adds more data, background BAKU, Aug 9 (Reuters) - Azerbaijan exported 7.5 billion cubic metres (bcm) of gas to Europe over the first seven months of the year, up from 6.6 bcm in the same period last year, the energy ministry said on Friday. Oil output was 16.9 million metric tons for the January to July period, with exports at 14.1 million tons.
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Reuters - 6 araw ang nakaraan

Azerbaijan Jan-July gas exports to Europe reached 7.5 bcm, ministry says

Azerbaijan Jan-July gas exports to Europe reached 7.5 bcm, ministry says BAKU, Aug 9 (Reuters) - Azerbaijan exported 7.5 billion cubic metres (bcm) of gas to Europe over the first seven months of the year, the energy ministry said on Friday. Oil output was 16.9 million metric tons for the January to July period with exports at 14.1 million tons. Re
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Reuters - 6 araw ang nakaraan

UK Stocks-Factors to watch on August 9

UPDATE 1-UK Stocks-Factors to watch on August 9 Adds new items, updates futures Aug 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0 .1%. * HARGREAVES LANSDOWN: British investment platform Hargreaves Lansdown HRGV.L agreed to a 5.44 billion pound ($6.94 billion) takeover by a consortium backed by private equity firm CVC Capital Partners CVC.AS and Abu Dhabi's sovereign wealth fund.
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Reuters - 6 araw ang nakaraan

UK Stocks-Factors to watch on August 9

UK Stocks-Factors to watch on August 9 Aug 9 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.3%. * BP: BP Bunge Bioenergia, the Brazilian bioenergy venture controlled by BP Plc BP.L , will invest 530 million reais ($94.49 million) to expand sugarcane crushing capacity at its Pedro Afonso plant in the state of Tocantins, it said late on Wednesday.
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Reuters - 6 araw ang nakaraan

Europe Distillates-Diesel refining margins ease on rising inventories

Europe Distillates-Diesel refining margins ease on rising inventories LONDON, Aug 8 (Reuters) - Northwest European diesel barge refining margins slipped by around 50 cents to $17.95 a barrel on Thursday as buying remained weak and as Atlantic basin inventories rose. Glencore sold a 10ppm diesel barge to Gunvor in the Platts window. Independently held refined oil products stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 1.5% in the week to Thursday, data
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Reuters - 6 araw ang nakaraan

BP to expand sugarcane crushing capacity in Brazil's Tocantins

BP to expand sugarcane crushing capacity in Brazil's Tocantins Aug 8 (Reuters) - BP Bunge Bioenergia, the Brazilian bioenergy venture controlled by BP Plc BP.L , will invest 530 million reais ($94.49 million) to expand sugarcane crushing capacity at its Pedro Afonso plant in the state of Tocantins, it said late on Wednesday. The Pedro Afonso mill is one of 11 that BP manages in five Brazilian states.
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Reuters - 1 linggo ang nakaraan

Middle East Crude-Dubai, Murban premiums rise, Oman falls

Middle East Crude-Dubai, Murban premiums rise, Oman falls SINGAPORE, Aug 8 (Reuters) - The Dubai and Murban crude benchmark premiums rose, while the Oman benchmark premium fell on Thursday. Spot premiums for the three benchmark grades widened significantly, trading in the range of 56-97 U.S. cents on Wednesday, compared with 66-69 cents on Tuesday.
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