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More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts. The roughly 12 deepwater US Gulf discoveries scored in 2021 could expand by a couple more next year, and several fields that have patiently ...
Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said…
The deal adds significant oil output for Woodside and will ultimately lead to a more carbon intensive product base over the near term, according to GlobalData.
Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said…
BP Proves Natural Gas, Oil Still Reign as Profits Triple on Henry Hub, Brent Prices With natural gas and oil trading crushing it in the first quarter, BP plc proved that even as it transitions to net zero emissions, it’s still a major fossil fuel producer, with rising global demand likely to accelerate profits through the year. The London-based operator, which now prefers to be tagged as an “integrated energy major,” saw its profits more than triple on stronger Henry Hub natural gas and global oil prices. The underlying replacement cost profit was $2.6 billion in 1Q2021, versus $100 m...