BP on April 27 forecast a further drop in its upstream production this year due to the impact of asset sales on its portfolio, as it reported a 14% year-on-year fall in upstream oil and gas output for the first quarter. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a results statement, the UK major said second-quarter production would be even lower than the first-quarter production in both its conventional operations and newly created ‘gas and low carbon’ unit due to a combination of asset sales and maintenance, the latter in the North Sea, Gulf of Mexico as well as Trinidad and Tobago. The downbeat production outlook follows a 10% drop in the company’s […]

Posted in: BPTagged :