British Petroleum comes Back to Petroleum

BP to spinoff offshore wind assets into $5.8B JV formed with JERA;Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales; BP’s Chairman Needs to Put the Company Up for Sale; Devon Energy names Gaspar CEO to succeed retiring Muncrief

Author

Rob Quigley
December 10, 2024

Good morning! BP is pivoting back to traditional O&G as they spin off their wind business in a $5.8B JV with JERA. Muncrief is making way for Clay Gaspar to take the helm at DVN. Equinor announced $2B exits of Nigeria and Azerbaijan. And finally Javier Blas put BP on BLAST yesterday "BP’s Chairman Needs to Put the Company Up for Sale". Shots fired pew pew. Let's drill down.

Daily Headlines

  • BP’s Chairman Needs to Put the Company Up for Sale Bloomberg

  • Devon Energy names Gaspar CEO to succeed retiring Muncrief OGJ

  • BP has only scratched the surface in solving its identity crisis Financial Times

  • California law and refinery closure reflect ongoing challenges for the state’s fuel market Eia

  • Oilfield service companies add jobs amid November growth. BOE Report

  • US may struggle to replace Canadian oil if tariffs hit. Oil and Gas 360

Deal Flow

M&A/Investment

  • BP to spinoff offshore wind assets into $5.8B JV formed with JERA OGJ

  • Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales Oil Price

  • Cheniere Energy secures a multi-billion debt facility for LNG growth. Google News 

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