INEOS and its Partners Agree Final Investment Decision for the Development of the Solsort Field
INEOS and its partners in the Solsort Unit, Danoil and Nordsøfonden, have agreed on Final Investment Decision regarding the development of the Solsort West field in the Danish part of the North Sea after having received the approval of the development from the Danish Energy Agency. The Solsort development consist …
bp Provides Update on Progress Towards $35 Billion Net Debt Target
bp today provides an update on the expected timing of reaching its $35 billion net debt target including the delivery of disposal proceeds and performance during the first quarter of 2021. “We are pleased to announce that we now expect to have reached our $35 billion net debt target during the first …
BP: Quarterly Results
Underlying replacement cost loss for the quarter was $6.7 billion, compared with a profit of $2.8 billion for the same period a year earlier. The result was driven primarily by non-cash Upstream exploration write-offs – $6.5 billion after tax – principally resulting from a review of BP’s long-term strategic plans …