Tag

BP

Article, Economy / Finance, Energy, Government and Politics

Carbon tax chances slim under Trump, though Tillerson supports idea

January 29, 2017

With the Trump Administration poised to reverse U.S. policies on climate change, the head of a major oil and natural gas company is calling again for governments around the world to put a price on carbon emissions once and for all. BP CEO Bob Dudley reiterated his company’s longstanding position in releasing its annual report on global energy trends. “In BP, we continue to believe that carbon pricing has an important part to play as it provides incentives for everyone — producers and consumers alike — to play their part,” Dudley said at a news conference in London last week. (read more).

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by Bill Loveless
Article, Corporations, Economy / Finance, Organizations

Offshore drilling prospects dim amid productivity focus

May 8, 2016

The annual Offshore Technology Conference in Houston is one of the premier expositions of breakthroughs that enable oil and natural gas producers to reach deeper into the ocean faster, cheaper and safer. Unfortunately for the vendors displaying new implements at NRG Park this past week, the prolonged downturn in oil and gas prices makes it difficult for producers to expand their tool kits when they’re cutting investments and personnel. Bernard Looney, the chief executive for BP’ s global upstream operations, acknowledged as much in his presentation at the event. (Read more)

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by Bill Loveless