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BP

Houthis
Crude Oil News

World Trade Concerns as Red Sea Shipping Slows

February 21, 2024 Stu Turley

Shipping giant Maersk announced they would implement a shipping freeze in their trade routes in the Red Sea due to a high seas attack from Yemen-based Houthi militants. Despite the best efforts in the volatile Red Sea, […]

Adnoc
Big Oil Companies

Adnoc, BP to form gas JV in Egypt

February 15, 2024 Mariel Alumit

Energy giants Adnoc and BP have agreed to form a joint venture in Egypt that will focus on natural gas. The JV, in which UK-based BP will have 51 percent and UAE’s Adnoc 49 percent, […]

AI

ENB #187 How can energy companies survive the new methane regulations? Well, we talk about solutions to methane tracking and auditing to save the environment and budgets.

February 11, 2024 Stu Turley

Ok, I absolutely love podcasting and talking with people from around the world about energy and humanity. But buckle up for today’s episode because today is a fun one!! Sean Donegan, CEO at Satelytics, stopped […]

BP’s LNG portfolio
Big Oil Companies

BP’s LNG portfolio to grow to more than 25 mtpa by 2025, CEO says

February 9, 2024 Mariel Alumit

UK-based energy giant BP expects its LNG supply portfolio to increase to more than 25 million tonnes per annum by 2025, beating its previous target, according to CEO Murray Auchincloss. BP previously set a target […]

BP
Big Oil Companies

BP backs away from US offshore wind

February 8, 2024 Mariel Alumit

Call it a $1 billion mistake. BP said Tuesday it wrote down the value of its U.S. offshore wind business by $1.1 billion last year, cementing a strategic shift for the British petroleum giant as […]

Climate Crisis

Daily Energy Standup Episode #303 – Coal’s Resurgence, EV Challenges, and BP’s Strategy

February 7, 2024 Andy Del Prado

Daily Standup Top Stories Biden Makes Coal Great Again As Exports Soar To India February 6, 2024 Stu Turley US thermal coal exporters recorded more than $5 billion in overseas sales in 2023, shipping upwards of […]

Finance

Equinor and BP part ways in US offshore wind swap deal

January 26, 2024 Mariel Alumit

Maersk Supply Service Equinor and BP have agreed to separately pursue their joint offshore wind projects in the US through a swap transaction under which the Norwegian oil and gas giant will take full ownership […]

BP
Exploration and Production

BP Confirms New CEO after Looney Scandal

January 17, 2024 Mariel Alumit

BP Plc appointed Murray Auchincloss as its permanent chief executive officer, four months after the shock resignation of his predecessor. The decision ends a period of uncertainty for the London-based oil major, though Auchincloss — who has […]

Exploration and Production

Takeover talk triggers rally at beleaguered BP

January 7, 2024 Stu Turley

Takeover chatter dominated trading rooms as speculation swirled that BP could be a target this year amid chaos at the oil giant. Rumours that rival energy major Shell could be a candidate for a mega-merger with […]

Exploration and Production

BP’s former CEO forfeits £32 million pay on misleading board

December 14, 2023 Stu Turley

Yahoo Finance (Bloomberg) — BP Plc’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because he lied about his personal relationships with […]

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