Bp

Oil Refinery

Global Refining Capacity to Expand With New Projects in Middle East, Asia

The world’s refining capacity is expected to increase by nearly 3 million barrels per day (bpd) by the end of next year when at least nine refinery projects ar…

Crude Oil

As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production

Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…

Oil Field

Life Extension Granted for North Sea Field

Norway’s offshore safety regulator has granted Aker BP, a Norwegian oil and gas company, consent for a life extension for a field located in the North Sea.

Electric Car

Iberdrola and bp Invest €1B in EV Infrastructure and Green Hydrogen

Iberdrola and bp have announced a strategic collaboration to expand fast EV public charging infrastructure, support the adoption of electric vehicles and develo…

bp Opens First Electric Truck Fast-Charging Facilities

Operated by bp’s Aral brand, the retail site at Schwegenheim in Rheinland-Pfalz has two 300kw chargers intended for electric trucks

Net Zero Emission

Greenpeace to Fight UK Approval of Shell Gas Field in Court

Climate activists at Greenpeace plan to mount a legal challenge against the British authorities allowing Shell to develop the Jackdaw North Sea gas field, after…

Hydrogen Project

UK Opens Joint Revenue and Grant Funding Round for Hydrogen

Projects will be able to apply both for grant funding through the GBP 240 million (USD 287m/EUR 282m) Net Zero Hydrogen Fund and revenue support through the Hyd…

Nuclear Fuel

UK Government Fund to Accelerate Nuclear Fuel Supply

The UK's Department for Business, Energy & Industrial Strategy (BEIS) is to launch a GBP75 million (USD90 million) Nuclear Fuel Fund to boost domestic productio…

Saudi Arabia

Saudi Arabia: No Additional Capacity to Increase Oil Production Beyond 13 Million Bpd

The kingdom said it is targeting production capacity of 13 million bpd by 2027

BP and Thyssenkrupp Plan Green Hydrogen Steel Supplies

bp and thyssenkrupp Steel sign MoU focused on development of long-term supply of low carbon hydrogen and renewable power in steel production.

Oil Refinery

Production at Venezuela’s Largest Refinery Hit by Blackout

Production at Venezuela's largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault tha…

World Energy Demand Jumped Above Pre-COVID Levels in 2021

BP Statistical Review of World Energy: primary energy in 2021 grew by its largest amount in history.

OPEC

OPEC+ Sees Oil Market Surplus Shrinking to 1 Million Bpd

OPEC+ is slimming down its projections for an oil market surplus this year.

BP Buys 40.5% Stake in Asian Renewable Energy Hub

The multi-billion dollar investment at Pilbara, western Australia, will produce around 1.6mn tonnes of green hydrogen at full capacity.

Hydrogen Project

Oil Giant BP Swoops for Largest Stake in $36BN Green Hydrogen Mega-Project in Australia

Supermajor to take 40.5% share and lead operation of 26GW Asian Renewable Energy Hub in Western Australia