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Oil is a global commodity. It also has different chemistries throughout the world, depending on how it is matured, sourced, originated, and stored in the reservoirs below the surface.
Amir Daftari is a Newsweek reporter based in London, specializing in global affairs with a focus on the Middle East. He joined Newsweek in 2024 from the United Nations and has previously worked at ...
The total includes 563 to drill new oil or gas wells, 11 to re-enter plugged wellbores, 16 field transfers and 75 for re-completions. The breakdown of well types for total original drilling permits in ...
FRANKFURT, March 4 (Reuters) - Germany's natural gas usage could fall some 3% to 7% by 2030 from current levels while it remains central to the country's energy supply, consultants McKinsey said ...
LONDON – BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift ...
Copyright 2025 The Associated Press. All Rights Reserved. The CHS oil refinery is silhouetted against the setting sun Sept. 28, 2024, in McPherson, Kan. (AP Photo ...
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BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to ...
Copyright 2025 The Associated Press. All Rights Reserved. A sign at a BP petrol station in London, Feb. 7, 2023. British energy giant BP has confirmed it is to slash ...
BP has announced it will slash its renewable energy investments to focus on increasing oil and gas production. As part of what CEO Murray Auchincloss is calling a “fundamental reset”, BP has ...
BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...