Bp

LNG

Shell to Exit Russia After Ukraine Invasion, Joining BP

Shell will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company t…

Oil & Gas Supply

Repairs and Protests Halt 480,000 Bpd of Iraqi Oil Output

Iraq has halted over a tenth of its oil output due to maintenance and protests, in a further blow to the already tight global supply at a time of rising demand …

Oil & Gas Trade

BP to Exit its 20% Stake in Russian Oil Giant Rosneft

BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.

OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data

OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a tec…

Nuclear Power Plant

New Funding Mechanism Essential to Increasing Nuclear Capacity in the UK

A new funding mechanism for the nuclear sector, the Regulated Asset Base (RAB) model, has the potential to increase the UK’s nuclear capacity to 24GW over the …

Crude Oil

U.S. Crude Output to Rise 770,000 bpd in 202R

U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.

Crude Oil

OPEC+ Set To Continue With 400,000 Bpd Production Increase

The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March

Offshore Wind Power

Equinor and BP Finalise Agreements for New York Offshore Wind Projects

Offshore wind developer Equinor and energy company bp have finalised the purchase and sale agreements with the New York State Energy Research and Development Au…

Solar Power Plant

ScottishPower to Acquire 800MW UK PV

Two deals signed with Elgin Energy for 12 projects and Lightsource BP for five facilities

Oil&Gas Drilling

Aker BP Secures Drilling Permit for North Sea Well Trio

The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.

Solar Power Plant

Lightsource BP Begins Construction of Spanish Solar Project

Lightsource bp has started the construction of its third project in Spain in 2021.

Hydrogen Project

Lightsource BP forms Green Hydrogen JV

Partnership with Portuguese gas utility Dourogás will explore potential of eight sites

Hydrogen Project

Lightsource BP to Partner with Dourogas on Green Hydrogen Projects in Portugal

There is excitement in some quarters about the potential of green hydrogen, but challenges remain.

Solar Power Plant

Greencoat Renewables Enters Spanish Solar Market

Infrastructure firm has acquired 50MW asset from Lightsource BP

Oil & Gas Trade

China’s Oil Imports Are Set To Slow In Q1

Chinese imports in March 2022 are set to be around 10.7 million barrels per day (bpd).