Reuters LONDON – BP (BP.L) will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 crisis will cast a lasting chill on energy demand and accelerate a shift away from fossil fuels. Like its rivals, the British oil major is set to take a big
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Oil and Gas 360 Publishers Note: If you have been following the 360 Digital Closing Bell, this story contains an update to a prediction made on our podcast Bakersfield.com A large local oil producer has won a deadline extension from its creditors that allows it to avoid filing for bankruptcy protection after it was unable twice recently to make scheduled
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Reuters WASHINGTON – Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc and President Donald Trump’s administration, both of which appealed a lower
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Bloomberg BLOOMBERG: 15 JUNE 2020 BP will write down the value of its business by as much as $17.5 billion, as the British oil major predicts that the coronavirus pandemic will hurt long-term demand and accelerate the shift to cleaner energy. The company is also undertaking a review of its projects that could result in some oil discoveries being left in
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