The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.
London-based BP has held talks in recent weeks with several companies about tying up operations in the Haynesville shale gas basin, the three sources said.
BP is also considering creating joint ventures in the Eagle Ford basin, but the talks do not include its positions in the oil-rich Permian basin for now, two of the sources added.
The rapid growth in U.S. shale oil and gas operations over the past 15 years has upended global markets, turning the U.S. into a major exporter of energy.
By pursuing joint ventures, BP can achieve growth ambitions while avoiding spending billions on acquisitions.
Persons:
Chris Helgren, Hess, Murray Auchincloss, Bernard Looney, Ron Bousso, David French, David Gregorio Our
Organizations:
BP, REUTERS, Reuters, Exxon Mobil, Chevron, Natural Resources, Eagle Ford, Lewis Energy, BHP, Interim, Thomson
Locations:
Vancouver , British Columbia, Canada, London, Eagle, U.S, Texas, Denver, New York