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BP

Core Business
Big Oil Companies

Profits Over ESG as Supermajors Pivot Back to Their Core Business

May 14, 2024 Mariel Alumit

Three years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification. In its latest financial report for the first quarter, BP indicated […]

BP
Big Oil Companies

BP softens tone on 2030 oil output cut to reassure investors

May 8, 2024 Mariel Alumit

LONDON (Reuters) – BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap […]

bp
Big Oil Companies

bp’s first quarter profits fall below expectations

May 7, 2024 Mariel Alumit

bp has disclosed its financial performance for the first quarter of 2024. The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin. This figure […]

BP
Big Oil Companies

BP, Kogas ink new long-term LNG supply deal

April 29, 2024 Mariel Alumit

UK-based energy giant BP has signed a new long-term liquefied natural gas (LNG) sale and purchase deal with South Korea’s Kogas. Under the agreement, BP Singapore, a unit of BP, will provide Kogas with up […]

Big Oil Companies

How and why big oil is strengthening its oil and gas exposure

April 28, 2024 Stu Turley

Size usually matters in oil and gas. Eight of the sector’s biggest companies feature in WoodMac’s benchmarking analysis – the five Supermajors and Saudi Aramco, ADNOC and Qatar Energy. These Middle East NOCs are stepping beyond their […]

Petrobras
Crude Oil News

Petrobras, bp to expand exploration, production ventures with new E&P contract

April 22, 2024 Mariel Alumit

(WO) – Petrobras and bp signed a Memorandum of Understanding (MoU) to promote discussions and collaboration between the two companies. The non-binding agreement focuses on business opportunities in exploration, and production (E&P), sustainable fuels, carbon […]

bp
Crude Oil News

bp focuses on Gulf of Mexico despite play-opening discoveries by peers in Guyana, Namibia

April 18, 2024 Mariel Alumit

(Bloomberg) – For a company that made its name with frontier oil discoveries from Iran to Alaska, bp Plc is notably absent from today’s hottest new oil plays. The company’s head of exploration and production […]

low carbon energy business
Big Oil Companies

BP trims down executive team, picks new head of its gas and low carbon energy business

April 18, 2024 Mariel Alumit

British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm’s oil and low carbon energy business. Lin replaces Anja-Isabel Dotzenrath, who will […]

Big Oil Companies

Gas, oil and geopolitical updates

April 16, 2024 Andy Del Prado

Daily Standup Top Stories What’s Next for Oil? Analysts Weigh In After Iran’s Attack April 15, 2024 Mariel Alumit Oil futures were barely moved by Iran’s unprecedented attack on Israel, with traders attributing the lackluster price action […]

EV
Big Oil Companies

BP Cuts Jobs as Supermajor Scales Back EV Charging Unit

April 15, 2024 Mariel Alumit

BP has cut over a tenth of its workforce in its EV charging business, BP Pulse, as the supermajor is downsizing the division and retreating from several countries to focus on just four key markets, […]

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