Tuesday, November 19, 2024
BP halts hiring, slows renewables roll-out to win over investors- oil and gas 360

BP halts hiring, slows renewables roll-out to win over investors

Yahoo Finance LONDON – BP’s new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss to slow

US regulators approve Louisiana LNG plant over climate objections- oil and gas 360

US regulators approve Louisiana LNG plant over climate objections

BOE Report Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies. The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) pipeline. The multi-billion-dollar

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 52 Bcf

Natural Gas Inventories as of June 21, 2024 The EIA has released its natural gas inventory report, showing a net increase of 52 Bcf as of June 21, 2024. Working gas in storage was 3,097 Bcf as of Friday, June 21, 2024, according to EIA estimates. This represents a net increase of 52 Bcf from the previous week. Stocks were