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Big Oil Companies

Exclusive: BP weighs sale of minority stake in offshore wind business, sources say

October 17, 2024 Mariel Alumit

LONDON, Oct 17 (Reuters) – BP (BP.L)  is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to […]

Climate Crisis

Week Recap: Geopolitical Tensions and BP’s Big Shift

October 12, 2024 Andy Del Prado

Weekly Daily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices […]

Big Oil Companies

BP Drops 2030 Oil Target

October 10, 2024 Andy Del Prado

Daily Standup Top Stories Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise October 9, 2024 Stu Turley British oil giant BP continued efforts to adjust its business plans to make itself more […]

BP
LNG

BP delivers first LNG cargo to Zhejiang Energy’s Wenzhou terminal

October 9, 2024 Stu Turley

According to a statement by BP China, the shipment arrived at the Wenzhou LNG terminal on October 7. BP China did not provide further details regarding the shipment. BP has created a fully integrated gas […]

Big Oil Companies

Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise

October 9, 2024 Stu Turley

British oil giant BP continued efforts to adjust its business plans to make itself more competitive with peer companies Monday, announcing it will abandon a goal of reducing its equity oil production by 2030. Originally […]

Chevron
Big Oil Companies

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

October 7, 2024 Mariel Alumit

(Bloomberg) — Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal relates to Chevron’s 20% interest in the Athabasca […]

bp
Big Oil Companies

bp drops 2030 oil output reduction target

October 7, 2024 Mariel Alumit

bp has decided to drop its goal of reducing oil and gas production by 2030 as part of a new strategy under Chief Executive Officer Murray Auchincloss. This change marks a significant shift from the […]

Oil And Gas
Big Oil Companies

Oil Giant BP Ditches Wind Energy, Emphasizes Oil And Gas Over Offshore Projects

September 20, 2024 Mariel Alumit

BP said that it would be implementing a hiring freeze and pausing new offshore wind farms as it focuses on oil and gas to satisfy investors. British oil company BP is divesting its U.S. onshore […]

US wind
Big Oil Companies

bp to sell US wind business

September 17, 2024 Mariel Alumit

bp has announced its decision to divest its US onshore wind energy business unit, which encompasses ten operational wind farms spread across seven states. The company holds stakes in ten operational assets, with a total […]

Transocean
Crude Oil News

Transocean clinches $232m drillship deal with BP

September 11, 2024 Mariel Alumit

Swiss-based offshore drilling giant Transocean has won a 365-day contract for one of its ultra-deepwater drillships. The contract was awarded by energy major BP to the 2022-built Deepwater Atlas which will work in the US […]

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