{"id":357648,"date":"2020-06-16T11:26:11","date_gmt":"2020-06-16T05:56:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357648"},"modified":"2020-06-16T11:26:11","modified_gmt":"2020-06-16T05:56:11","slug":"bp-to-write-off-up-to-17-5-bn-after-reduced-oil-price-forecast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-to-write-off-up-to-17-5-bn-after-reduced-oil-price-forecast\/","title":{"rendered":"BP to write off up to $17.5 bn after reduced oil price forecast"},"content":{"rendered":"<p>LONDON: BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels, the oil major said on Monday.<\/p>\n<p>In a statement, BP said that the aftermath of the new coronavirus pandemic will accelerate the pace of transition to a lower-carbon economy.<\/p>\n<p>BP revised its assumptions for benchmark Brent crude oil prices to an average of about $55 a barrel between 2021 and 2050. It will also assume the price of Henry Hub gas at $2.90 per million British thermal units.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition away from fossil fuels, the oil major said on Monday. In a statement, BP said that the aftermath of the new coronavirus pandemic will accelerate the pace of transition to a lower-carbon economy. BP revised its assumptions for benchmark Brent crude oil prices to an average of about $55 a barrel between 2021 and 2050. It will also assume the price of Henry Hub gas at $2.90 per million [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-357648","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357648"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357648\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}