08 May 2024
08 May 2024
Revenue fell to $107.21bn (SR402.1bn) from $111.32bn in the first quarter (Q1) of 2023.
Oil and gas operations require significant energy input due to the intensive nature of drilling, extracting, processing, and refining. Improving the efficiency of such operations, particularly at refineries, can have a significant impact on Scope 1 and 2 emissions.
BP’s first quarter (Q1) results show an underlying replacement cost profit of £2.7bn ($3.39bn), down 45% from $4.9bn during the same period last year.
Digital twins can effectively simulate the management of oil and gas assets and forecast potential scenarios.
The scope of work encompasses operations for the installation of flexible pipes, and electric-hydraulic umbilical and power cables.
Reduced output and increasing demand for liquefied natural gas (LNG) are the drivers of a recent increase in US natural gas prices.
The latest report by the US Energy Information Administration (EIA) predicts slower global oil demand growth for 2024 and a 2% decline in US natural gas production from the first quarter (Q1) of 2024 to Q2 2024.
BW Group holds 191.9 million shares in BW Energy, equating to 74.38% of the total issued and outstanding shares and voting rights.
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