Organic capital expenditure came out at USD 3.9 billion over the first three months of 2016, USD 500 million less than during the same period in 2015. Capital expenditure for the entire year is estimated to reach some USD 17 billion. “Despite the challenging environment, we are driving towards our near-term goal of rebalancing BP’s cash flows,” BP CEO Bob Dudley said in a statement.
Underlying pre-tax replacement costs profit from the company’s downstream segment was USD 1.8 billion over the first quarter of 2016, up from USD 1.2 billion during the previous quarter. The upstream segment reported underlying pre-tax replacement costs losses of USD 747 million.
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
This website uses cookies.