BP Plc offered more evidence that Big Oil has barely begun to heal the wounds from last year’s historic slump. The Western world’s largest energy producers were supposed to be sailing into the fourth-quarter earnings season […]
BP chief executive Bernard Looney said today that he would “emphatically” put value over volume when making low-carbon acquisitions. Responding to shareholder concerns, Mr Looney stressed BP wouldn’t do deals for renewable energy technologies and projects if […]
The closing of the transaction marks BP’s official entry into offshore wind. “We see significant opportunities by rapidly growing bp’s offshore wind business, making a major contribution to our strategic goals and developing assets that will provide long-term, […]
BP Plc will sell a stake in an Omani gas block to Thailand’s national energy firm for $2.6 billion, part of a push to divest billions of dollars of assets and focus more on renewable energy. […]
Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources […]
Biden’s one-year moratorium on new leases for fossil fuel extraction from federal lands and waters will have a minimal, short-term impact on oil and gas companies that long anticipated such a move. But if the […]
Energy News Beat Publishers Note: An excellent article by Irina Slav for Oil Price. With the major oil companies getting out of oil and gas, Saudi Aramco has stated that they will be producing oil […]
Last year, BP Plc called on Texas regulators to take bold action to stamp out the routine flaring of natural gas, a harmful environmental practice that’s drawn increasing scrutiny from investors. Yet on Tuesday, it was BP’s […]
India’s goal of doubling renewable power by next year is getting a boost from international investors who see the massive market’s potential outweighing significant risks. French oil major Total SA’s $2.5 billion investment in Adani […]
bp has begun to directly supply gas customers in China with gas from liquefied natural gas (LNG) that it has imported into the country. This is the first time that bp has created a fully […]
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