BP takes another big step out of Canada
BP is further reducing its Canadian presence with the $1.7bn sale of its natural gas liquids (NGLs) business
The supermajor is pressing ahead with a $45 billion asset sell-off to help it meet potential liabilities from last year’s Macondo oil spill in the Gulf of Mexico. The deal heralds a structural shift in the country’s gas processing market with the exit of its largest marketer. Houston-based Plains All American Pipelines will assume control of 2,600 miles of pipelines, including 20 million barrels of liquefied petroleum gas storage capacity; seven fractionation plants, with around 232,000 barrels a day (b/d) of capacity; multiple straddle plants; and two field gas-processing plants with an aggregate capacity of about 8 billion cubic feet a day; as well as 10 million barrels of long-term and se
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6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
