Bp

Natural Gas

BP Buying Leading RNG Production Group in $4.1 Billion Deal

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of rene…

Wind Farm

BP to Triple Offshore Wind Farm Workforce as It Seeks to Reach Green Goals

Oil major aims to reach about 800 employees in the business unit next year

Floating Offshore Wind

New Study to Maximise Celtic Sea Floating Wind Supply Chain

German energy company RWE has commissioned UK-based Marine Power Systems (MPS) to develop a project plan for delivering up to 1GW of floating wind using the por…

Oil Price

BP, Chevron Cut Offshore Oil Production Ahead of Hurricane Ian

BP Plc and Chevron Corp on Monday said they have shut-in production at offshore oil platforms in the Gulf of Mexico, as a powerful Hurricane Ian bore down on th…

Oil Refinery

Strike Action Hits Exxon Mobil’s Oil and Petrochemical Plants in France

Strike action has reduced output at Exxon Mobil's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemi…

Natural Gas

Australia’s BPH Energy Explores Legal Avenues Over Project Permit

Australia's BPH Energy Ltd said on Tuesday it was conducting a review of options, including potential for legal avenues, after reports said former Prime Ministe…

Paris Climate Agreement

Decarbonization Scenarios Outlined by Energy Companies Incompatible With Paris Agreement Goals

Decarbonisation scenarios produced by BP, Royal Dutch Shell and Equinor are incompatible with Paris Agreement goals for a safe and habitable planet.

Oil Shale

Oil Output in Permian to Rise to Record High in September -EIA

Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…

Crude Oil

IEA Sees Higher Oil Demand This Year

IEA: global crude oil demand will rise by 2.1 million bpd.

OPEC

Iraq’s July Oil Output Rises by Around 70,000 Bpd, Somo Data Show

Iraq pumped 4.584 million barrels per day (bpd) of oil in July, up by 69,000 bpd from June, data from state-owned marketer SOMO seen by Reuters showed on Wednes…

bp Criticised for Big Spend on “Green” Social Media Ads

The energy giant has allegedly spent more than £800,000 on social media ads showing the company’s investments in low carbon technologies.

CCS

Oil Major BP Drilling Appraisal Well in Texas for Carbon Sequestration

Oil major BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

Australia

Energy Prices Across Australia to Remain High Until 2026

Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…

Oil Price

Oil Falls to Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build

Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ …

Crude Oil

BP Profit Triples on Soaring Energy Prices

Oil company reveals profits increased to a 14-year high.