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BP
Big Oil Companies

BP Boss Talks Energy Trilemma

February 7, 2023 Mariel Alumit

The world wants and needs energy that is secure and affordable as well as lower carbon. That’s what BP Chief Executive Bernard Looney said in a “To tackle that, action is needed to accelerate the […]

BP’s CEO Plays Down Renewables Push as Returns Lag
Big Oil Companies

BP’s CEO Plays Down Renewables Push as Returns Lag – Translation: “Investors Expect Returns and Renewables Are Not Profitable”

February 1, 2023 Mariel Alumit

LONDON—BP PLC BP 0.58%increase; green up pointing triangle Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy, according to people familiar with recent discussions. Mr. Looney has said he is disappointed in the […]

Exploration and Production

BP: West’s Rift With Russia to Hit Oil, Gas Demand

January 31, 2023 Mariel Alumit

The deep rift between Russia and the West will have lasting impacts on the global energy system and result in lower long-term demand for oil and gas, according to a closely watched annual assessment from […]

BP
Big Oil Companies

BP delves into global energy trends over next 30 years

January 30, 2023 Mariel Alumit

UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With […]

ExxonMobil
Big Oil Companies

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

January 30, 2023 Mariel Alumit

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]

North
CCUS

Two energy giants, two green projects: one double-booking in North Sea

January 24, 2023 Mariel Alumit

LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to […]

demonisation
Big Oil Companies

Ex-BP CEO calls for end to the ‘demonisation’ of oil and gas industry

January 16, 2023 Mariel Alumit

A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”. In an op-ed in The Telegraph newspaper, Tony Hayward, who led the London-listed […]

bp
Renewables Not Sustainable

bp starts construction on new solar project in Ohio

January 11, 2023 Mariel Alumit

bp announced today its 134MWdc (107MWac) Arche Solar project in Fulton County, Ohio is beginning construction, helping support the global transition to lower carbon energy. Arche is expected to create around 200 US jobs across the supply chain during […]

BP
Biofuel

BP buys US biogas company in a push to reduce carbon intensity

January 3, 2023 Mariel Alumit

UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company. Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the U.S., producing around 6,000 barrels of […]

Shale drillers
Big Oil Companies

Oil major BP’s Permian operations have become key to its clean …

December 26, 2022 Mariel Alumit

The traditional oil and gas facilities it bought in the Texas oil field were sending more greenhouse gases into the atmosphere than those of its Permian peers. Now, BP  is upgrading those traditional well sites with more […]

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