Reese Energy Consulting doesn’t tend to cover international news on a regular basis, but occasionally a series of media bursts lifts our eyebrows. This is one of them.

If you’ve followed the soap opera that’s plagued U.K.-based Bp for going on several years now, you know the oil and gas major announced in 2020 its plan to reduce its oil and gas production by 40% and increase investments in renewables with the goal of becoming net-zero by 2050.

Well, that idea didn’t go so well as Bp suffered a big drop in profits quarter after quarter following historically high profits in oil and gas. Then came a change in leadership and a new CEO at the wheel who vowed to return the company’s oil and gas prowess. And progress is starting to show.

Like ExxonMobil, Chevron, and Shell, Bp recorded bigtime production but a drop in profits. It still beat Wall Street estimates. And the company had more to declare. Bp announced it has discovered the largest oil and gas find in 25 years off the east coast of Brazil.        

REC is currently working on contracts for offshore oil and gas measurement audits, measurement training for a major player, a gas processing project in South America, and LNG offtakes in Germany and Poland