UK oil and gas and LNG major BP posts solid results even amid cash flow declines on lower prices
UK major BP posted solid results even amid cash flow declines on lower prices with an exceptional gas marketing and trading result, a lower level of refinery turnarounds and very strong oil trading earnings while progress with made on LNG and gas projects in Africa, India and the East Mediterranean.
Teekay LNG Partners prepares December vote to approve $6.2Bln deal for takeover by US Stonepeak
Teekay LNG Partners reported a jump in net income in the third quarter as the shipping company prepared for a December vote on a deal worth $6.2 billion to become the latest LNG fleet to be taken over by, or merged with, US equity fund interests.
BP reports third-quarter loss of $2.5Bln and explained as accounting effects of liquefied natural gas risk
UK major BP reported a loss for the third quarter of $2.5 billion, explained as the accounting effects of liquefied natural gas risk management, compared with a $3.1Bln profit for the previous 2021 quarter and $450M of losses posted in the same three months of 2020.
