LNG

UK major BP posted solid results in the third quarter that saw the Chief Executive resign while in company activities a very strong oil trading result along with higher oil and natural gas production were partly offset by weaker natural gas marketing and trading results.

BP said its US subsidiary Archaea Energy has started up its first Archaea Modular Design (AMD) renewable natural gas plant in Medora in Indiana following the $4-billion acquisition a year ago of the bio-natural gas fuel player.

UK major BP posted underlying replacement cost profit, its equivalent of net profits, of $8.2 billion in the third quarter, a two-and-a-half times jump from the $3.3Bln posted in the same three months of 2021.