BP trims spending, plans to cut 7,000 jobs

BP PLC reported plans for organic capital expenditures of $17-19 billion for each of 2016 and 2017, with 2016 falling into the lower end of that range. The company spent $18.7 billion in 2015. Source: News


Alberta boosts gas use for petrochemicals

Alberta will award “royalty credits” to petrochemical manufacturers in a competitive application system designed to add value to natural gas produced in the province. Source: News


Governments key to more Black Sea energy amid low prices, forum told

Depressed crude oil prices won’t necessarily doom ambitious transportation projects west from the Black Sea and beyond if participating countries and investors don’t panic, speakers said at an Atlantic Council forum. Source: News


Total invests in solar energy developers

Total SA’s venture capital fund has acquired unspecified interests in two companies that develop solar power in rural areas with limited access to electricity grids, especially in Africa. Source: News


Kinder Morgan, Zenith Energy buy BP terminals

Kinder Morgan Inc. closed an acquisition of 15 products terminals in North America from BP as Zenith Energy signed an agreement to buy the oil company’s products terminal in Amsterdam. Source: News