BP PLC intends to maintain its existing financial frame through the 5 years to 2021, with organic capital expenditure kept $15-17 billion/year. Source: News

Petronas has signed a share purchase agreement to sell Saudi Aramco a 50% ownership interest in its long-planned refinery and petrochemical integrated development (RAPID) project now under construction at the $27-28-billion Pengerang integrated complex (PIC) in southeastern Johor, Malaysia. Source: News

Woodside Energy Ltd. has signed an agreement with global digital industrial company GE to work together in support of the use of LNG as a fuel throughout Western Australia. Source: News

Canadian refiners face toughened regulation of their products and facilities under plans for a clean-fuel standard published for comment by the federal government. Source: News

Shell Offshore Inc., a subsidiary of Royal Dutch Shell PLC, and MOEX North America LLC, a wholly owned subsidiary of Japan’s Mitsui Oil Exploration Co. Ltd., have each taken the final investment decision on Phase 1 of the Kaikias deepwater project in the US Gulf of Mexico. Source: News

Saying that he had heard some state leaders complain about federal regulatory delays, US President Donald J. Trump told a delegation of US governors that his administration will try to remove federal regulatory roadblocks that have delayed important projects for environmental reasons. Source: News

Light, sweet crude oil prices for April gained slightly on the New York market Feb. 27, remaining within a trading range of recent weeks, settling at $54.05/bbl. Brent crude oil on the London market almost broke above $57/bbl on Feb. 27 before slipping to settle at $55.93/bbl. Source: News