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.
UK major BP reports loss of over $20 billion as cost of existing stake in Rosneft and Russian oil and gas
UK major and global LNG sector participant BP reported a loss of $20.4 billion for the first quarter of 2022 as it booked a series of charges and impairments related to its exit from Russian oil and natural gas amid Russia’s invasion of Ukraine.
Reliance and BP proceed with second phase of $6Bln natural gas project offshore India
BP of the UK and one of India’s largest conglomerates, Reliance Industries, have taken a final investment decision to develop the second phase of a $6-billion deepwater natural gas project to open new Indian production when the nation is also increasing its LNG imports and expanding its regasification and pipeline infrastructure.
