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BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project
BP Sells 5% Stake In Australia's Newest $35 Billion LNG Project
By Tsvetana Paraskova of OilPrice.com
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday.
BP is selling the 5% stake, out of its total of its 44% interest, to South Korea's GS Energy.
“The dilution reflects BP’s disciplined approach to portfolio management by bringing in a committed partner,” BP said in a statement emailed to Reuters.
The Browse LNG project in Australia, proposed by...
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Jul 16, 2026 / Tyler Durden
Headwinds And Tailwinds: Minding The Market Weather
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Authored by Michael Lebowitz via RealInvestmentAdvice.com,
A sailor who fixates on the barometer will rarely leave port. A sailor who never checks it will eventually get caught in a storm. It’s easy for most investors to fall into one of those two modes, either warning that headwinds are approaching and taking cover, or waving off every warning because AI spending is carrying the market higher.
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Jul 3, 2026 / Tyler Durden
US At 250: Why America Has Been So Successful And Can It Continue
US At 250: Why America Has Been So Successful And Can It Continue
To mark the 250 year anniversary of the US Declaration of Independence, Deutsche Bank has published a report looking at how the US emerged as a global superpower, and why it’s likely to remain one despite new challenges.
First, DB considers how the US went from being a comparatively small country to the world's pre-eminent global power. These reasons range from the US' natural advantages, like favorable geography, to factors like its institutional stability and risk-tolerant capital markets.
DB...
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May 17, 2026 / Tyler Durden
Pro-Israel Forces Throw Kitchen Sink At Massie Ahead Of Tuesday Primary
Pro-Israel Forces Throw Kitchen Sink At Massie Ahead Of Tuesday Primary
Eleven months after President Trump launched an all-out political war on Rep. Thomas Massie, the Tuesday, May 19 Kentucky GOP primary is almost here. With polls showing the race going down to the wire, the anti-Massie forces -- whose animus is largely driven by Massie's refusal to vote in accordance with the Israel lobby's wishes -- have been throwing everything they can at him, from vague 11th-hour allegations of inappropriate conduct with a woman, to AI ads showing Massie...
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