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Crude Oil News

bp board faces urgent search for new CEO after Bernard Looney’s surprise resignation

September 14, 2023 Mariel Alumit

(Bloomberg) – bp Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with […]

Natural Gas Compressor station near Kharkov - Ukraine - Source EPA
Geopolitical

Ukraine’s pipeline operator says gas continues to flow after an explosion near a Kharkiv facility.

February 27, 2022 Stu Turley

Ukraine’s gas pipeline operator said on Sunday that the transmission of natural gas through its system was continuing “normally” and that it had not recorded a drop in pressure after an explosion in the area […]

BP chief executive Bernard Looney- Energy News Beat
Crude Oil News

Oil and gas will be in the global energy system ‘for decades,’ BP chief says

November 15, 2021 Stu Turley

BP CEO has told CNBC that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years. “It may not be popular to say that oil and […]

BP chief executive Bernard Looney- Energy News Beat
Finance

BP CEO sees higher oil prices boosting energy transition plans

June 22, 2021 Stu Turley

(Bloomberg) –BP’s energy transition plan will receive a boost from rising oil prices, and the company is already winning back investors after a difficult year, Chief Executive Officer Bernard Looney said. Even as it plans […]

BP chief executive Bernard Looney- Energy News Beat
Earnings

BP rebounds into Q1 profit on oil price recovery

April 27, 2021 Stu Turley

British oil giant BP said Tuesday that it rebounded into first-quarter net profit as oil prices recovered from a virus-driven slump. Earnings after taxation hit $4.7 billion (3.9 billion euros) in the three months to the end of March, […]

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