Oil industry must adapt to market changes: BP

February 21, 2018 0

Basic market fundamentals such as the balance between supply and demand will always challenge the oil industry, but a current big challenge companies are facing is the transition to a low-carbon economy, Bob Dudley, CEO of BP said Tuesday.

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Oil industry needs to invest $10 trillion

February 21, 2018 0

The global oil industry will need to invest over $10 trillion by 2040 to replace declining output capacity and ensure there’s plenty of supply in the upcoming years, OPEC president Suhail Mohamad Al-Mazrouei said Tuesday.

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W.V. gas-fired power plant approved

February 21, 2018 0

West Virginia regulators on Tuesday issued a siting certificate for the planned Brooke County Power plant, an $884 million gas-fired power plant, Kallanish Energy learns.

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Anadarko. EDF sign Mozambique LNG sales pact

February 21, 2018 0

Houston-based Anadarko Petroleum announced on Tuesday that its Mozambique joint venture has signed a long-term liquefied natural gas sale agreement with Elecricite de France, Kallanish Energy reports.

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