BP and Shell Sign Libya Deals as Majors Step Up Their Return

Image for article BP and Shell Sign Libya Deals as Majors Step Up Their Return
News Source : Financial Post

News Summary

  • BP, which has pivoted away from its failed low-carbon strategy to focus more on fossil fuels, signed a memorandum of understanding to study reviving two huge oil fields in Libya
(Bloomberg) British energy giants BP Plc and Shell Plc signed agreements with Libyas National Oil Corp to study new opportunities, joining international majors accelerating their return to the oilri [+4409 chars]

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