Bp

Offshore Wind Power

BP Establishes Partnership Focused on Offshore Wind in Japan

BP has agreed to establish a strategic partnership with Japanese conglomerate Marubeni that will focus on offshore wind development and potentially look at “ot…

Natural Gas

Indonesia’s Deep-Waters Attract Explorers, Including BP and Harbour

Harbour Energy is on track to start high impact exploration drilling in its Andaman II PSC offshore Indonesia in the second quarter this year.

United States

Energy Major BP Aims to Double Convenience Earnings by 2030

Energy major bp recently unveiled a series of new initiatives for innovating the future of fuel and convenience stations in the US.

Crude Oil

The World Could See a Record-Breaking Oil Supply Shock

IEA: market could lose around 3 million bpd of supply from Russia starting in April.

Crude Oil

IEA: 3 mbpd of Russian Oil may not Reach Market from April

Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the Paris-based IEA, off…

Crude Oil

BP may Take $25 Billion Hit from Divestment from Russian Oil Company

BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…

Offshore Wind Power

Ørsted Alleges BP Tried to Block its Hornsea 4 Offshore Wind Farm

Ørsted has claimed that bp is trying to block up to 675MW of capacity of its 2.4GW Hornsea Four offshore wind farm.

Crude Oil

Oil Terminal Blast In Nigeria Takes Production Offline

An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…

Crude Oil

Again, Crude Oil Production by OPEC, Allies Falls by 890,000 bpd

Despite the decision of the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, to raise crude oil production by 340,000 barrels per day…

Energy Transition

BP Sees Energy Transition Progress and Challenges

BP released its latest Energy Outlook to 2050 on Monday, which sets out its thinking on how the energy transition will unfold.

Oil Price

No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks

The current oil surge wouldn’t last and prices are likely to drop to $100 per barrel within two weeks, Bharat Petroleum Corp (BPCL) chairman has said

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…