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Solar Power Plant
Lightsource BP Secures 20-Year PPA for 132 MW Solar Project
The Conway Corp Board of Directors approved a 20-year PPA with Lightsource BP for the development of a 132 MWdc solar energy project in White County, Ark.
Crude Oil
Mexico to Cut Oil Output by 100,000 Bpd from May: Officials
Mexico will reduce its oil output by 100,000 barrels per day (bpd) from May after top oil producers collectively agreed to cut production by 9.7 million barrels…
Solar Power Plant
Conway Corp and Lightsource BP Announce 132 Megawatt Solar Project
Lightsource BP will finance, build, own and operate the facility and will deliver the solar energy it generates to Conway Corp under the fixed-rate power purcha…
Crude Oil
Global Oil Producers Agree On Joint 10 Million Bpd Output Cut
OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Toda…
LNG
BP Issues Force Majeure to Golar Over Tortue Ahmeyim LNG Project
BP is seeking to delay by a year the reception of a floating liquefied natural gas facility at the Tortue Ahmeyim project in Africa.
Oil&Gas Drilling
Government Admits BP Drilling Permit Process was Unlawful
The government admits it acted unlawfully in granting BP’s permit to drill for new oil in the North Sea, a Greenpeace legal challenge reveals, after officials …
Market Analysis
Oil Industry Joins The Fight Against Coronavirus
The supermajor is also offering free food and drink to healthcare professionals at 15,000 retail outlets globally as well as to truck drivers and delivery perso…
BP is Pulling Out of Three Trade Groups Over Climate Policies
BP is withdrawing from three trade groups over climate policies, a move that comes after the company vowed to reach net-zero carbon emissions by 2050.
Crude Oil
BP Reduces Investment Plan by 25% in 2020 to US$12bn
BP has cut its 2020 spending plan by a quarter, from US$15bn to US$12bn, including a US$1bn reduction investment in short-cycle onshore activity.
Crude Oil
World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd
A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomber…
Crude Oil
Global Oil Demand Forecast to Fall by 4.9 Million Barrels Per Day in 2020: Rystad
Global oil demand could fall by as much as 4.9 million barrels per day (bpd), or by about 4.9 per cent, in 2020 due to the coronavirus outbreak, Norway's bigges…
Solar Power Plant
Lightsource BP Bankrolls 260-MW Solar Project in Texas
Partnership with BP facilitates long term power agreement and showcases the ability of the company to deploy large-scale solar projects.
Hydrogen Project
BP Backs Green Hydrogen Project in Germany
A group of companies that include BP have signed a letter of intent to develop a 100MW electrolyser for the industrial-scale production of green hydrogen.
Oil & Gas Trade
IEA: Oil Demand To Drop For First Time Since 2009
Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it sl…
Gas Turbine
GE Mobile Gas Turbine To Help Power Bahamas
Bahamas Power & Light Co. Ltd. (BPL) recently installed a GE’s TM2500 mobile aeroderivative gas turbine that can supply up to 34 MW.
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