BP Expects Lower First-Quarter Upstream Production

© dvoevnore - stock.adobe.com / Adobe Stock
© dvoevnore - stock.adobe.com / Adobe Stock

British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.

BP expects earnings in its oil production and operations segment to be broadly flat from the previous quarter, due in part to price lags in the Gulf of Mexico and the UAE.

In its gas and low-carbon energy segment, realizations are also expected to be flat.

BP said its gas marketing and trading business is expected to be weak.


(Reuters - Reporting by Chandini Monnappa and Arunima Kumar in Bengaluru; Editing by Varun H K)

Current News

TotalEnergies Books Noble Viking Drillship for Oceania Job

TotalEnergies Books Noble Viki

Zenith Energy Gets On Board UK Gas and Hydrogen Storage Project

Zenith Energy Gets On Board UK

UK: Renewables Workforce to Grow to 42,000 In Next Five Years

UK: Renewables Workforce to Gr

Shell Hires Subsea7 for Work at Aphrodite Development off Trinidad

Shell Hires Subsea7 for Work a

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine