UK energy giant BP’s profits double to $27.7 billion
LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine.
London-based BP said underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $27.7 billion in 2022 from $12.8 billion a year earlier. That beat the $26.8 billion BP earned in 2008, when tensions in Iran and Nigeria pushed world oil prices to a record of more than $147 a barrel.
Nominations open for 2024 Saskatchewan Oil & Gas show awards
Who has made a difference, or perhaps dedicated their lives, to the oil and gas industry in Saskatchewan. You’ve got some time to ponder that, and perhaps nominate them for 2024 Saskatchewan Oil and Gas Show awards.
Royal Helium secures credit from Business Development Bank and Canadian Western Bank to build Alberta helium facility
Royal Helium Ltd. announced on Feb. 6 that binding commitment letters have been received and signed with the Business Development Bank of Canada (BDC) and Canadian Western Bank (CWB) acting pari passu for a non-revolving credit facility in the amount of CAD $15 million.
Whitecap closes three deals, two of which were in Saskatchewan
Whitecap Resources Inc. announced on Feb. 6 that it has closed all three previously announced dispositions of certain non-strategic assets for aggregate consideration of $419 million, including $394 million of cash, prior to closing adjustments, and producing assets that consolidate the working interest in one of its core assets.
Lithium in SK: Part 13: Coming into lithium with revenue already flowing from oil
REGINA – In this second part of the interview with ROK Resources president and CEO Cam Taylor on Jan. 26, where he explained some of the corporate aspects, including having cash flow already, NI 43-101, PEA, direct lithium extraction and drilling plans.
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