This includes difficult and newer fields operated by Reliance Industries and partner BP in the KG basin
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Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to USD 12.6 per mmBtu from USD 9.92, the order said.
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Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to USD 8.57 per million British thermal units from the current USD 6.1, according to an order from the oil ministry''s Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to USD 12.6 per mmBtu from USD 9.92, the order said. These are the highest rates for administered/regulated fields (like ONGC''s Bassein field off the Mumbai coast) and free-market areas (such as the KG basin). Also, this will be the third increase in rates since April 2019 and comes on the b
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Major players in the bioethanol market are Abengoa Bioenergia SA, Archer Daniels Midland, CropEnergies AG, Poet LLC, Green Plains Inc, BlueFire Renewables, Valero Renewable Fuels Company LLC, BP PLC, Royal Dutch Shell plc, Alto Ingredients Inc, Attis Biofuels LLC, Cristalco SAS, Ethanol Technologies Ltd, and GranBio Investimentos SA. Major players in the bioethanol market are Abengoa Bioenergia SA, Archer Daniels Midland, CropEnergies AG, Poet LLC, Green Plains Inc, BlueFire Renewables, Valero Renewable Fuels Company LLC, BP PLC, Royal Dutch Shell plc, Alto Ingredients Inc, Attis Biofuels LLC, Cristalco SAS, Ethanol Technologies Ltd, and GranBio Investimentos SA.
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Scott D. Clary | Daily Business, Tech & Finance Newsletter Continue reading on Scott D. Clary Daily Newsletter »
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BP has restarted production at its offshore Na Kika and Thunder Horse oil platforms in the Gulf of Mexico after redeploying previously evacuated staff
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BP is set to see a drop-off in (surplus) cash flow in Q3''22, but dividend should not be at risk. See why I think BP stock has a lot of recovery potential from here.
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Reuters Vietnam''s Social Media Law May Impact Facebook, YouTube, Twitter Vietnam plans to introduce new laws to limit which social media accounts can post news-related content. This could come as a setback for social media giants such as Meta Platforms Inc.''s (NASDAQ: META ) Facebook , Alphabet Inc.''s (NASDAQ: GOOG ) (NASDAQ: GOOGL ) YouTube , and Twitter Inc. (NASDAQ: TWTR ). BP-Cenovus Energy Ohio Refinery Remains Closed After Fire Incident BP plc (NYSE: BP ) laid off most contractors at the Toledo, Ohio, refinery it owns with Cenovus Energy Inc. (NYSE: CVE ). Approximately 160,000 barrel-per-day plant will experience a prolonged shutdown following last week''s explosion and fire. Merck Inks Supply Deal To Commercialize COVID-19 Pills In China Merck & Co. Inc. (NYSE: MRK ) signed a cooperation framework agreement in China for its COVID-19 antiviral pills, which were co-developed by Ridgeback Therapeutics . The pharma giant has granted Sinopharm exclusive import and distribution rights to Lagevrio (molnupiravir).
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ADRs End Lower; BP, British American Tobacco Trade Actively MarketWatch
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BP(BP) has laid off most contractors at its Toledo, Ohio, oil refinery, indicating the plant will experience a prolonged shutdown following last week''s explosion and fire, Reuters…
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BP plc (NYSE: BP ), Exxon Mobil Corp (NYSE: XOM ) and Shell PLC (NYSE: SHEL ) shares are all trading higher going into the close of Wednesday''s session. Shares of energy companies at large are trading higher as oil prices rise following a … Full story available on Benzinga.com
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(Reuters) – BP Plc laid off most contractors at the 185,000 barrel per day Toledo, Ohio, refinery it owns with Cenovus Energy, according to sources familiar with the matter on Wednesday, indicating the plant will experience a prolonged shutdown following last week’s explosion and fire.
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Unleaded Petrol Market Analysis & Forecast for Next 5 Years New Jersey, NJ -- ( SBWIRE ) -- 09/28/2022 -- Latest Study on Industrial Growth of Global Unleaded Petrol Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Unleaded Petrol market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The Major Players Covered in this Report: Saudi Arabian Oil Co. (Saudi Arabia), Qatar General Petroleum Corp. (Qatar), Essar Group (India), Ampol (Australia), Quest Petroleum (South Africa), Lott Oil Company Inc. (United States), Shell plc (United Kingdom), PetroChina Co.
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Hertz, oil giant BP announced plans to build a network of electric vehicle charging stations across the country.
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The Biden administration is facing growing pressure to allow a BP ship loaded with diesel fuel lingering off Puerto Rico to dock one week after Hurricane Fiona struck the island.
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Hertz Global Holdings Inc (NASDAQ: HTZ), on Tuesday, partnered with BP plc (LON: BP) to build a network of EV chargers across the United States. Deal to help boost EV adoption The car rental company is aiming for 3,000 chargers in total at its country-wide locations by the end of 2023. The network, it hopes, […] The post Hertz picks a ‘foreign’ partner to boost EV adoption in the U.S. appeared first on Invezz .
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This month in our comparison series, we look at a legacy European oil and gas company, BP (NYSE:BP), and a Canadian heavy oil producer, Suncor Energy, (NYSE:SU). These two companies have a similar stock price and dividend yield, giving potential investors a bit of a conundrum as they look for places to grow wealth. In this article, we will try and clarify the likely arc the stock price of the two companies will take if oil prices reverse their present course, and head back toward $100 bbl as the year closes out. The true tightness of supply is…
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Kosmos Energy (KOS) said Tuesday that BP (BP), the operator of the Greater Tortue Ahmeyim floating production, storage and offloading vessel, that the FPSO has been returned to the…
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Chevron, BP stop output at some Gulf of Mexico facilities ahead of hurricane. Dollar creates an ''untenable situation'' for risk assets. Biden student loan forgiveness to cost over $400B
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BP is on an unsustainable path that will eventually lead to further declines in the stock price. Read why we don''t see a catalyst to move shares higher.
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HOUSTON — BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as Hurricane Ian bore down on the top U.S. offshore production region. The storm was in the Caribbean and forecast to become a major hurricane within two days. It was packing 85 […]
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HOUSTON (Reuters) – BP PLC said on Monday it has shut in production at offshore oil platforms Na Kika and Thunder Horse in U.S. Gulf of Mexico, after forecasts indicating hurricane Ian will strengthen and move across the Gulf of Mexico in the next few days.
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Monday morning’s analyst upgrades and downgrades included BP, Farfetch, Golden Ocean, Lyft, NexTier Oilfield Solutions, Nike, Spirit AeroSystems, TotalEnergies and Unilever.
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Today’s article introduces seven robust stocks to buy ahead of earnings. Given the unprecedented tightening by the Federal Reserve, investors are worried that the overall corporate profitability could further deteriorate in the third quarter. A recent Factset Research Systems (NYSE: FDS ) report highlights “the estimated earnings growth rate for the S&P 500” for the third quarter has declined to 3.5%. Put another way, Wall Street is getting ready for the lowest earnings growth rate in the past two years. Meanwhile, last week’s Earnings Trend report by Zachs reveals an even bleaker picture, forecasting a 1.3% earnings growth for the quarter. If investors were to exclude the energy sector, we would have a decline of -5.4%. Against this backdrop, the bear market offers an attractive opportunity for investors looking to buy wide-moat stocks with solid growth prospects at bargain valuations. With that information, here is our list of the seven stocks to buy ahead of earnings. ABM ABM Industries $38.26 BG Bunge $83.19 EBAY eBay $38.19 HCA HCA Healthcare $191.50 IVE iShares S&P 500 Value ETF $133.06 NOMD Nomad Foods $16.42 TRV Travelers Companies $155.48 ABM Industries (ABM) Source: Maridav/ShutterStock.com 52-week range: $38.08 – $54.00 ABM Industries (NYSE: ABM ) is a leading provider of integrated facility services.
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U.S. stocks closed lower with the Nasdaq Composite dropping around 200 points on Friday. Here is the list of some big stocks recording losses in the previous session. Cassava Sciences, Inc. (NASDAQ: SAVA ) declined 18% to close at $41.87 after the company reported it has not received any "termination letter" or the like from any government agency regarding any confidential requests for corporate information and documents. Scholastic Corporation (NASDAQ: SCHL ) dipped 17.2% to settle at $33.42. Sasha Quinton, President at Scholastic, reported a large insider buy on September 22, according to a new SEC filing. Patterson-UTI Energy, Inc. (NASDAQ: PTEN ) fell 16.4% to close at $10.86. Kosmos Energy Ltd. (NYSE: KOS ) fell 13.4% to settle at $4.92. Shares of several oil & gas companies traded lower amid strength in the dollar and increased fears of an economic slowdown as investors continue to assess Wednesday''s Fed commentary and 75 bps rate hike. Equitrans Midstream Corporation (NYSE: ETRN ) fell 12.8% to close at $8.12.
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Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. The government-dictated price for natural gas produced in the country is to be revised on October 1. After factoring in the spike in energy prices witnessed in recent months, the rate paid for gas produced from old fields such as of state-owned Oil and Natural Gas Corporation (ONGC) is likely to rise to USD 9 per million British thermal units from current USD 6.1. Simultaneously, difficult fields like the ones in Reliance Industries Ltd and its partner bp plc operated D6 block in KG basin, are likely to get around USD 12 mmBtu compared to the current rate of USD 9.92, two sources aware of the matter said. These are the highest rates for administered/regulated fields (like ONGC''s Bassein field off the Mumbai coast) and free-market areas (such as the KG basin). Also, this w
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Ramping Up Renewables Can’t Provide Enough Heat Energy In Winter Authored by Gail Tverberg via Our Finite World , We usually don’t think about the wonderful service fossil fuels provide in terms of being a store of heat energy for winter, the time when there is a greater need for heat energy. Figure 1 shows dramatically how, in the US, the residential usage of heating fuels spikes during the winter months. Figure 1. US residential use of energy, based on EIA data. The category “Natural Gas, etc.” includes all fuels bought directly by households and burned. This is primarily natural gas, but also includes small amounts of propane and diesel burned as heating oil. Wood chips or other commercial wood purchased to be burned is also in this category. Solar energy is most abundantly available in the May-June-July period, making it a poor candidate for fixing the problem of the need for winter heat. Figure 2. California solar electricity production by month through June 30, 2022, based on EIA data.
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Exxon Mobil Corp (NYSE: XOM ), BP plc … Full story available on Benzinga.com
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The post BP share price analysis as crude oil prices dip appeared on BitcoinEthereumNews.com . BP (LON: BP) share price pulled back on Friday as the market reacted to the ongoing crash of crude oil prices and a fire in Ohio. The shares slipped to…
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BP (LON: BP) share price pulled back on Friday as the market reacted to the ongoing crash of crude oil prices and a fire in Ohio. The shares slipped to a low of 443.70p, which was slightly below the year-to-date high of 470p. Tough week for BP BP is a leading oil and gas company […] The post BP share price analysis as crude oil prices dip appeared first on Invezz .
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Oil and gas exploration company BP (GB:BP) reported a fire at its Husky Toledo Refinery in Ohio, which broke out on Tuesday night. The fire was a result of an explosion at the refinery, which killed two of the company’s workers. The company said in a statement, “It is with deep sadness we report that two BP staff injured in a fire at the BP Husky Toledo Refinery have passed away." The plant was shut down soon after the fire broke out, and was later put out. The exact reason behind the explosion is still unknown.
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Washington: Fire at a British Petroleum (BP) refinery in the US state of Ohio led to the deaths of two staff members, the company said. All other staff of the Husky Toledo Refinery in the city of Oregon, is accounted for, Xinhua news agency quoted BP as saying in a statement on Wednesday. The fire … Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
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The fire broke out at the BP-Husky Toledo Refinery in Oregon, Ohio on Tuesday evening.
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BP Plc said two of its workers died in a fire at its oil refinery in Oregon, Ohio.
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The content originally appeared on: CNN London (CNN Business)Rich economies should hit oil and gas companies with new windfall taxes to provide help for countries suffering from climate change, and people struggling with soaring energy and food bills, UN Secretary General Ant?nio Guterres said Tuesday. The UN chief accused energy giants of “feasting on hundreds of billions of dollars in subsidies and windfall profits while household budgets shrink and our planet burns.” Guterres’ comments, at the UN General Assembly in New York, come on the heels of a European Union proposal to introduce a windfall tax on oil, gas and coal companies, many of which have reported record-high profits as Russia’s war in Ukraine and an energy crunch send prices soaring. The European Commission is proposing that EU states take a 33% share of the companies’ surplus profits. The United Kingdom introduced a 25% windfall tax earlier this year to provide relief for people struggling with their energy bills but newly installed Prime Minister Liz Truss has said she won’t extend it to pay for a much bigger program of subsidies this winter and next .
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OREGON, Ohio (AP) — A fire at an oil refinery in Ohio injured two people and the facility was shut down Wednesday, officials said. The fire started Tuesday night at BP’s Husky Toledo Refinery, BP spokesperson Megan Baldino said in a statement. There was no word on how it started or the extent of the injuries or damage. According to Baldino, two people were hurt, all other staff were accounted for and the plant was safely shut down. The refinery, located just east of Toledo, can process up to 160,000 barrels of crude oil per day and “has been an important part of the region’s economy for more than 100 years,” according to BP’s website. In addition to its own fire department, the company said it worked closely with local fire crews. “Our highest priority remains the safety of our staff, the responders and the public,” Baldino said. BP announced last month it had agreed to sell its 50% interest in the Husky Toledo Refinery to its joint venture partner Cenovus Energy. The fire happened a few weeks after an electrical fire at a BP refinery in northwest Indiana , about 15 miles (24 kilometers) southeast of Chicago, caused the company to temporarily close that facility.
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Fire crews responded to fire and smoke at BP’s 150,800 barrel-per-day Toledo oil refinery on Tuesday, according to a report in the Toledo Blade newspaper. “No details were provided on burn injuries reported to two people at the site,” the report added. “The cause of the fire was not known.” In August, Cenovus Energy Inc […]
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BP p.l.c. (NYSE:BP) has a beta value of 0.70 and has seen 2.28 million shares traded in the recent trading session. The company, currently valued at $98.23B, closed the recent trade at $30.90 per share which meant 0.00% during that session. The BP stock price is -11.0% off its 52-week high price of $34.30 and … BP p.l.c. (BP)’s Stock Price Falls Due To Weak Fundamental Momentum Read More »
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Typhoon Muifa has torn a BP FPSO from its moorings at a Chinese yard, posing a challenge to first LNG by the end of 2023.
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BP p.l.c. found using ticker (BP) have now 14 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 47 and 29 with the average target price sitting at 37.35. With the stocks previous close at 31.5 this indicates there is a potential upside of 18.6%. There is a 50 day moving average of 30.05 and the 200 moving average now moves to 29.96. The market capitalisation for the company is $98,606m. Visit the company website at: https://www.bp.com [stock_market_widget type="chart" template="basic" color="green" assets="BP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $116,918m based on the market concensus. BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.
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Escobar: ''Samarkand Spirit'' To Be Driven By "Responsible Powers" Russia & China Authored by Pepe Escobar, The SCO summit of Asian power players delineated a road map for strengthening the multipolar world… Amidst serious tremors in the world of geopolitics, it is so fitting that this year’s Shanghai Cooperation Organization (SCO) heads of state summit should have taken place in Samarkand – the ultimate Silk Road crossroads for 2,500 years. When in 329 BC Alexander the Great reached the then Sogdian city of Marakanda, part of the Achaemenid empire, he was stunned: “Everything I have heard about Samarkand it’s true, except it is even more beautiful than I had imagined.” Fast forward to an Op-Ed by Uzbekistan’s President Shavkat Mirziyoyev published ahead of the SCO summit, where he stresses how Samarkand now “can become a platform that is able to unite and reconcile states with various foreign policy priorities.” After all, historically, the world from the point of view of the Silk Road landmark has always been “perceived as one and indivisible, not divided.
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Fury as ‘explosive’ files reveal largest oil companies contradicted public statements and wished bedbugs upon critical activists Criticism in the US of the oil industry’s obfuscation over the climate crisis is intensifying after internal documents showed companies attempted to distance themselves from agreed climate goals, admitted “gaslighting” the public over purported efforts to go green, and even wished critical activists be infested by bedbugs. The communications were unveiled as part of a congressional hearing held in Washington DC, where an investigation into the role of fossil fuels in driving the climate crisis produced documents obtained from the oil giants ExxonMobil, Chevron, Shell and BP. Continue reading…
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Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) has been informed by BP, the operator of the Greater Tortue Ahmeyim project (“GTA”), of the impact of Typhoon Muifa which passed through the COSCO shipyard in Qidong in China yesterday. The floating production, storage and offloading vessel (“FPSO”) for GTA is being constructed at the COSCO yard. During the typhoon, the
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Documents suggest Shell and BP staff privately downplayed public commitments on climate crisis Campaigners have urged governments to intervene after oil companies were accused of misleading the public about their commitment to reducing carbon emissions. Oil and gas companies including Britain’s Shell and BP were urged to “stop their deception” this week as the US House committee on oversight and reform released documents showing that oil industry executives privately downplayed their public messages on efforts to tackle the climate crisis. Continue reading…
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TRAVERSE CITY, Mich. (AP) — Oil titan BP reached a $2.75 million settlement Thursday over air pollution from its largest refinery after environmentalists complained of repeated emissions violations at the Whiting facility in Indiana. The agreement is the second in the past year between advocacy groups and BP involving the refinery on the southwestern Lake Michigan shoreline between Hammond, Indiana, and Chicago. Both cases involved releases of sooty “particulate matter,” which is linked to asthma and other respiratory and cardiovascular illnesses. “We are thrilled to see BP held accountable for its dangerous pollution and lack of regard for our communities,” said Amanda Shepherd, Director of the Sierra Club Hoosier Chapter. BP and its attorney did not immediately respond to messages seeking comment. The 133-year-old refinery — the sixth largest in the U.S. — processes around 440,000 barrels of crude oil daily, producing a variety of liquid fuels and 7% of U.S.-made asphalt. BP agreed in December 2019 to pay a $512,450 penalty and reduce soot from two large “catalytic crackers” that convert heavy oils into lighter oils and gases, said Eric Schaeffer, executive director of the Environmental Integrity Project, which sued on behalf of the Sierra Club.
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BP plc, the top North American natural gas marketer, is building its estimable U.S. commercial and industrial retail power and gas arm with the purchase
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BP plc, the top North American natural gas marketer, is building its estimable U.S. commercial and industrial retail power and gas arm with the purchase of Houston-based EDF Energy Services (ES). The agreement would provide “opportunities…to enhance and deliver additional lower carbon integrated energy solutions,” according to BP. The purchase of ES also is likely… The post BP’s Takeover of EDF Energy Services to Expand U.S. Natural Gas, Power Business appeared first on Natural Gas Intelligence
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Rosneft paid just 1 euro ($1) for Equinor''s main assets when the Norwegian oil major left Russia, per Reuters. Western oil majors have been trying to exit Russia given the sanctions its faces over the Ukraine war. The Kremlin allowed Equinor to drop $1 billion worth of its investment commitments as part of the deal. Russia''s state-run energy giant Rosneft paid the equivalent of $1 for Equinor ''s main assets when the Norwegian oil major left its operations in the country earlier this month, Reuters reported. In sealing the deal that allowed it to fully exit Russia, Equinor dodged a long-drawn-out faceoff with Moscow, but at a cost. After weeks of negotiations, the Kremlin agreed to allow Equinor to drop $1 billion worth of future investment liabilities and commitments, Reuters reported Wednesday, citing three industry sources. They will be transferred to Rosneft as part of the deal, which called for the Norwegian company to sell its stake in its joint ventures with its Russian counterpart for just 1 euro ($1) in return.
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Deshmukh in his 70s was arrested first by the Enforcement Directorate (ED) in an alleged money laundering case in November 2021.
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BP Plc bought US-based power and natural gas retailer EDF Energy Services as it looks to move further into the commercial and industrial space.
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