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BP Starts Oman's Giant Ghazeer Gas Field
BP started production at Oman's giant Ghazeer natural gas field in Oman which is set to underpin the company's oil and gas output for years even as it shifts to…
Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues…
Nuclear Power Plant
Russia Approves Modernisation of PIK Reactor
Russia’s Glavgosexpertiza experts have approved the project for the modernisation of the PIK reactor at BP Konstantinov St Petersburg Nuclear Physics Institute…
Russian Oil Production Tops OPEC+ Quota In September
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, …
Oil & Gas Trade
BPCL Pays for Defaulting Videocon in Brazil Oil Block
State-owned Bharat Petroleum Corp Ltd has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to ac…
BP to Support Microsoft in Meeting 2025 Renewable Energy Targets
British oil and gas company BP has agreed to supply Microsoft with renewable energy to help meet the tech giant’s 2025 renewable energy goals.
OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Lightsource BP Sells Five Solar Energy Projects to Statkraft Ireland
Solar energy developer Lightsource BP, a joint venture of BP PLC, said on Thursday it had sold five solar energy projects to Statkraft Ireland.
Offshore Wind Power
Oil Major BP Makes First Ever Move In Offshore Wind Energy
BP is making its first move into the offshore wind market with a strategic partnership in U.S. offshore wind assets with Equinor in a deal worth US$1.1 billion.
Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd
Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on F…
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…
BP to Sell London Headquarters as Work Style Shifts
BP Plc plans to sell its headquarters in central London as it cuts jobs and adopts flexible working.
Tesla Now Worth more than Exxon Mobil, Shell and BP Combined
Nothing slows down Tesla on its rise. Last Thursday, the action of the firm reached the symbolic mark of 2,000 dollars
BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize
BP and Pale Blue Dot were among winners of the 2020 Offshore Achievement Awards during a virtual ceremony on 14 August.
BP Joins European Clean Hydrogen Alliance
As part of its focus on low carbon energy, BP has joined the European Clean Hydrogen Alliance.