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Archaea Energy and Republic Services celebrate first RNG plant in landmark partnership
Prnewswire· 2024-06-13 20:32
Lightning Renewables joint venture targets bringing approximately 40 landfill gas-to-renewable natural gas plants online in coming years. Fort Wayne plant is the largest Archaea Modular Design in Indiana, processing up to 6,400 standard cubic feet of landfill gas per minute (scfm), enough energy to heat more than 25,000 homes, according to the EPA Landfill Gas Energy Benefits calculator. HOUSTON and PHOENIX and FORT WAYNE, Ind., June 13, 2024 /PRNewswire/ -- Today, Archaea Energy, a subsidiary of bp (NYSE: ...
BP tells employees to reveal office romances or get fired after CEO Bernard Looney's affair scandals
New York Post· 2024-06-11 22:52
文章核心观点 - 英国石油公司(BP)要求员工披露任何办公室恋情,否则可能会失去工作 [1][2][3][4] - 这一新政策是在BP前任CEO Bernard Looney因与同事发生关系而被解雇后实施的 [2][4][8][12] - BP要求高管披露过去3年内与员工或外包人员的任何亲密关系 [4][7][8] - BP新任CEO Murray Auchincloss也在就任前披露了与同事的恋爱关系 [14] - BP的股价自Looney离职以来下跌超过11%,表现不及同行 [14] 公司概况 - BP是一家大型石油公司,正在应对能源转型的挑战 [14] - 新任CEO Auchincloss上任后承诺提高公司收益 [14] 行业动态 - 投资者对BP的能源转型战略仍存在担忧 [14]
BP Enforces Stricter Workplace Relationship Disclosure Rules
ZACKS· 2024-06-11 19:46
BP plc (BP) has introduced a stringent update to its workplace relationships policy, mandating the disclosure of intimate relationships among employees or risk potential dismissal, per a Reuters report. This move was made after the high-profile departure of former CEO Bernard Looney.Per the report, in an email memo to staff, BP outlined the new conflicts of interest policy, which prohibits employees from managing relatives or those with whom they are in an intimate relationship. This update, part of BP’s co ...
BP Taps Seatrium for Early Engineering on Gulf of Mexico FPU
ZACKS· 2024-06-06 20:56
文章核心观点 - BP的子公司BP Exploration & Production与新加坡国有海事和海上承包商Seatrium签订了一份重要合同,负责BP在美国墨西哥湾深水Kaskida项目的新浮式生产装置(FPU)的初步工程工作 [1][2] - Seatrium获得的这份意向书(LOI)包括初步工程任务,为更全面的工程、采购、施工和调试(EPC)合同奠定基础 [2][3] - Kaskida项目位于离新奥尔良约250英里的Keathley峡谷区域,水深约6000英尺,预计将采用单一甲板模块,由四柱半潜式船体支撑,配有海底生产井 [4] - Seatrium的高管对与BP的合作表示兴奋,认为这进一步验证了公司在交付复杂FPU方面的专业能力和成功历史 [5] - 这份与BP的合同进一步丰富了Seatrium的合同组合,有助于巩固其作为全球海上工程市场领导者的地位,也支持了BP在墨西哥湾的战略举措 [6] 公司相关 - Seatrium是新加坡国有的海事和海上承包商,在交付复杂的浮式生产装置(FPU)方面拥有丰富的专业能力和成功经验 [5][6] - BP是一家全球性的能源公司,正在墨西哥湾进行深水项目开发,此次与Seatrium的合作是其战略举措的一部分 [1][2][4][6] 行业相关 - 深水油气开发是能源行业的一个重要领域,需要利用先进的海上生产技术,如浮式生产装置(FPU) [1][2][4][6] - 海上工程市场是一个重要的细分市场,Seatrium作为其中的领导者,在交付复杂的海上设备方面具有优势 [5][6]
BP's FPSO Reaches Mauritania and Senegal for GTA Project
ZACKS· 2024-06-05 22:31
BP plc (BP) ), the UK-headquartered energy giant, achieved a milestone in its biggest gas project to date with the arrival of a floating production, storage, and offloading (“FPSO”) vessel. The vessel, a crucial component of the Greater Tortue Ahmeyim (“GTA”) Phase 1 liquefied natural gas (LNG) development project, has completed its journey from China to the coasts of Mauritania and Senegal. This brought BP closer to commencing gas production, slated for the third quarter of 2024.The FPSO Tortue began its v ...
7 Oil Stocks to Watch as Middle East Politics Take Center Stage
Investor Place· 2024-05-31 18:00
For a consistently cynical take, it's difficult to ignore the viability of oil stocks to watch. In particular, the hydrocarbon sector cooled off, only to spike back up as tensions in the Middle East flared again. It's becoming macabre clockwork. According to a Bloomberg report, oil benchmarks popped higher following an attack on a Greek-managed bulk carrier in the Red Sea. Additionally, Israel is advancing in southern Gaza in its campaign to eradicate the terrorist group Hamas. However, the efforts have not ...
Strategic Asset Divestitures: 3 Energy Firms Setting the Trend
ZACKS· 2024-05-30 22:36
The energy market often sees companies shedding assets worth billions of dollars. This is basically a strategic move to optimize portfolios, improve financial performance and align with long-term business objectives. One of the key motives for divesting non-core assets is to lower the debt burden. Proceeds from asset sales are often used to reduce debt levels, thereby improving financial flexibility and strengthening the balance sheet. Companies typically employ this strategy after major acquisitions or dur ...
BP and NGC Secure License to Develop Cocuina-Manakin Gas Fields
ZACKS· 2024-05-30 20:21
BP plc (BP) ), the UK-headquartered energy giant, and Trinidad and Tobago's state energy firm NGC have obtained a two-year license from the U.S. Treasury Department, per a Reuters report. This license will allow them to negotiate and develop the Cocuina-Manakin gas fields in partnership with Venezuela, Trinidad's Energy minister Stuart Young announced on Wednesday. The new license has enabled BP and NGC to embark on a project involving an offshore reservoir containing approximately 1 trillion cubic feet (tc ...
4 Energy Companies Announcing Aggressive Buyback Programs
zacks.com· 2024-05-27 20:30
A share buyback, also known as a stock repurchase, occurs when a company buys back its own shares from the marketplace. This practice reduces the number of outstanding shares, which can increase the value of remaining shares and boost earnings per share (EPS). Over recent decades, share buybacks have become a preferred method for returning cash to shareholders, often signaling that management believes the stock is undervalued.For Oil/Energy companies, strong oil prices post-COVID have significantly increase ...
BP Halts Development Talks on Manakin-Cocuina Gas Project
zacks.com· 2024-05-24 01:10
BP plc (BP) has put on hold its negotiations with Venezuela regarding the development of the Manakin-Cocuina gas field, which straddles the maritime border between Venezuela, and Trinidad and Tobago, per a Reuters report.The decision follows the expiration of a crucial U.S. license in April 2024, which previously permitted some level of engagement with the Venezuela government under sanctions.The Manakin-Cocuina field, boasting an estimated reserve of 1 trillion cubic feet, has been a focal point of discuss ...