"From the start, our focus has been opening plants safely and reliably, and demonstrating progress and growth," Archaea Energy CEO Starlee Sykes said. "Continuing to build momentum with the Lightning Renewables JV, the Fort Wayne plant is just the beginning of our incredible partnership with Republic Services to capture landfill emissions and provide customers with lower-emission, lower-carbon fuel." With the 2022 acquisition of Archaea, bp is now the largest RNG producer in the US, enhancing its ability to ...

The new policy "prohibits employees from directly or indirectly managing relatives or those with whom they're in an intimate relationship," according to the memo. 3 Bernard Looney was fired as CEO of BP last year after it was learned he carried on relationships with colleagues. AP The Post has sought comment from BP. 3 BP has required employees to disclose romantic relationships with co-workers, according to a report. AP Subscribe to our daily Business Report newsletter! Please provide a valid email address ...

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 code of conduct, highlights the lasting impact of Looney's departure on the company's operations and culture. In a statement to Reuters, BP confirmed the policy update, stating that the employees are now required to disclose intimate relationships at work, whether or not they feel they ...

BP plc's (BP) subsidiary BP Exploration & Production has awarded a significant contract to Seatrium, Singapore's state-owned marine and offshore contractor, for early engineering work on its new floating production unit ("FPU"). This FPU is destined for BP's deepwater Kaskida project in the U.S. Gulf of Mexico. The Kaskida development is situated approximately 250 miles southwest of New Orleans, in the Keathley Canyon area of the Gulf of Mexico. It is expected to feature a single topside module, supported b ...

The GTA Phase 1 project has been designed to extract gas from an ultra-deepwater subsea system and process it using the mid-water FPSO Tortue. The processed gas, after removal of heavier hydrocarbon components, will be transferred to Golar LNG's floating LNG ("FLNG") vessel, Gimi, which arrived at the maritime border of Mauritania and Senegal in early 2024. Dave Campbell, BP's senior vice president in Mauritania and Senegal, highlighted the importance of the project. He emphasized the company's commitment t ...

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 ...

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 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 ...

BP's robust financial results in the first quarter of 2024 provide a strong foundation for investment consideration. The Zacks Rank #3 (Hold) company reported an underlying replacement cost profit of $2.7 billion, even amid challenging market conditions characterized by lower oil and gas realizations, and the impacts of refinery outages. BP shares have gained 8.3% in a year. A share buyback, also known as a stock repurchase, occurs when a company buys back its own shares from the marketplace. This practice ...

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 disc ...