Monday, December 23, 2024
BP outlines how quickly global carbon emissions would need to fall to reach net zero by 2050- oil and gas 360

BP outlines how quickly global carbon emissions would need to fall to reach net zero by 2050

CNBC The chief executive of energy giant BP said Wednesday that to get to net zero by 2050, the world would need to see lockdown-like reductions in carbon emissions every other year for the next 25 years. In the London-based oil and gas giant’s annual Statistical Review of World Energy, the group said some aspects of global energy trends prior to the coronavirus

Column: Oil prices likely to average less than $60 over next cycle - Kemp-oil and gas 360

Column: Oil prices likely to average less than $60 over next cycle – Kemp

Reuters LONDON  – Oil prices are likely to average less than $60 per barrel across the next cycle to ensure production, especially from the shale sector, remains in line with the slow increase in consumption. On Monday, BP announced its long-term investment appraisal price had been cut to an average of just $55 per barrel for Brent in real terms

Saudi Aramco - oil and gas 360

Saudi Aramco completes $69 billion Sabic deal, extends payment window amid oil hit

CNBC Saudi Aramco completed the purchase of its 70% stake in the kingdom’s petrochemical giant Sabic from the Saudi Public Investment Fund, it announced Wednesday, tying the knot on one of the largest ever deals in the global chemicals industry. The state oil company also announced an extension of its $69.1 billion payment plan — to be in staggered instalments