BP Invests $5 Million In Artificial Intelligence Technology
BP Ventures said Jan. 28 it has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its upstream business.
HEADLINES: Venezuela's Potential Impact; EQT's CEO On 2019
Plus, QEP Resources recently engaged Evercore to explore a sales process following a surprise takeover bid by activist investor Elliott Management in early January.
BP Invests In Chinese Electric Vehicle Charging Platform
BP said on Jan. 24 it had invested in Chinese start-up PowerShare, which links electric vehicle drivers to charging points and helps power suppliers balance distribution.
Australia’s Santos Sees Surge In 2019 Production On Quadrant Acquisition
Santos Ltd., Australia’s No. 2 independent gas producer, on Jan. 24 said it expects 2019 production to rise by up to 32% boosted by the acquisition of Quadrant assets.
HEADLINES: EIA: US To Export More In 2020, FERC Opens Investigations
Texas State Senator Brian Birdwell advised the Texas Pipeline Association against complacency simply because the Trump administration is oil and gas friendly.
Percussion Petroleum: A Play On The Yeso
A start-up in early 2016, Percussion Petroleum has found success with horizontal pay from New Mexico’s Yeso in the Permian Basin.
Canadian Producer Crescent Point Cuts 2019 Budget On Oil Price Plunge
Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.
Integrated LNG Company New Fortress Energy Launches $400 Million IPO
New Fortress Energy is looking to capitalize on a growing supply-demand gap by developing LNG assets particularly in areas with significant “stranded” natural gas reserves.
Halliburton Taps Mark Richard To Replace Jim Brown As Western Hemisphere President
Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.
Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking
Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.