Energy giant BP is expected to blame weaker gas prices for its first quarter net profits tumbling 73.6 percent to $2.9billion (£2.4billion) on Tuesday.
The year 2024 was supposed to mark a rebound for the London Stock Exchange. But recent comments by Shell CEO Wael Sawan have dropped a blue-chip spanner in the works.
Energy major Shell has upped strategic links with Qatar via a new crude oil supply agreement, hot on the heels of a 27-year LNG supply agreement alongside other ventures.
UK-headquartered giant Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem, covering early-stage engineering and supplier reservations for the supply of an FPSO destined for an oil and gas field offshore Brazil.