Bp

Energy Transition
Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…
Crude Oil
Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intel…
Oil & Gas Trade
Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions
Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax…
Crude Oil
U.S. December Oil Demand Hits Highest Since Before Pandemic -EIA
U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Mond…
LNG
Shell to Exit Russia After Ukraine Invasion, Joining BP
Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…
Oil & Gas Supply
Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output
Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …
Oil & Gas Trade
BP to Exit its 20% Stake in Russian Oil Giant Rosneft
BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.
OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data
OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a tec…
Nuclear Power Plant
New Funding Mechanism Essential to Increasing Nuclear Capacity in the UK
A new funding mechanism for the nuclear sector, the Regulated Asset Base (RAB) model, has the potential to increase the UK’s nuclear capacity to 24GW over the …
Crude Oil
U.S. Crude Output to Rise 770,000 bpd in 202R
U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.
Crude Oil
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
Offshore Wind Power
Equinor and BP Finalise Agreements for New York Offshore Wind Projects
Offshore wind developer Equinor and energy company bp have finalised the purchase and sale agreements with the New York State Energy Research and Development Au…
Solar Power Plant
ScottishPower to Acquire 800MW UK PV
Two deals signed with Elgin Energy for 12 projects and Lightsource BP for five facilities
Oil&Gas Drilling
Aker BP Secures Drilling Permit for North Sea Well Trio
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.
Solar Power Plant
Lightsource BP Begins Construction of Spanish Solar Project
Lightsource bp has started the construction of its third project in Spain in 2021.

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Bp

Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables

Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged

Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions

U.S. December Oil Demand Hits Highest Since Before Pandemic -EIA

Shell to Exit Russia After Ukraine Invasion, Joining BP

Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output

BP to Exit its 20% Stake in Russian Oil Giant Rosneft

OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data

New Funding Mechanism Essential to Increasing Nuclear Capacity in the UK

U.S. Crude Output to Rise 770,000 bpd in 202R

OPEC+ Set To Continue With 400,000 Bpd Production Increase

Equinor and BP Finalise Agreements for New York Offshore Wind Projects

ScottishPower to Acquire 800MW UK PV

Aker BP Secures Drilling Permit for North Sea Well Trio

Lightsource BP Begins Construction of Spanish Solar Project