Bp

Crude Oil

OPEC+ Undershoots Oil Production Target Again

The OPEC+ group delivered the 400,000-bpd production increase in November, but it was still more than half a million barrels per day short of its overall oil pr…

United States

BP Acquires EV Fleet Charging Provider AMPLY Power in US

BP said on December 7 the UK company took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) char…

Offshore Wind Power

BP Sweetens Scotland Offshore Wind bid with Jobs Promise

BP Plc is beefing up its bid to develop wind projects off Scotland’s coast with the promise of creating hundreds of local jobs if it wins.

Oil Price

Goldman Remains Bullish On Oil Despite OPEC+ Decision

Goldman Sachs commodity analysts remain bullish on oil prices despite yesterday’s decision by OPEC+ to add another 400,000 bpd to combined production next mont…

Crude Oil

Guyana To Become The 11th Country To Produce Over 1 Million Bpd

The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.

Hydrogen Project

BP Announces Major Teesside Green Hydrogen Project

Oil major BP has announced its largest ever green hydrogen project, located in the northeast of England.

Crude Oil

Iran Plans To Boost Oil Production To 5 Million Bpd

Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops

Oil Field

BP Brings Field Offshore Angola on Stream

Oil major BP has started production at the Platina field in Block 18, which is located in the Angolan offshore, approximately 140 kilometres northeast of Luanda…

Energy Storage Project

Elgin Energy Completes GBP-25m Fundraise for Solar-Plus-Storage

UK solar and storage developer Elgin Energy said on Thursday it has raised some GBP 25 million in an oversubscribed fundraising through boutique corporate finan…

Solar Power Plant

First Solar Signs Multi-Year Deals for 5.4 GW of Modules

Lightsource bp and bp placed orders for around 4.4 GWdc of modules, with options for an additional 1 GWdc.

Crude Oil

OPEC Cuts 2021 Global Oil Demand Forecast Again

OPEC revised down its forecast by 160,000 bpd

Crude Oil

BP Says Global Oil Demand has Passed 100 million Barrels per day

As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before …

Crude Oil

OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October

OPEC+ added just 140,000 barrels daily of crude oil last month

Substation

BPC Electric Delivers Final Transformer to Jinzhong Substation

The last 1000kV main transformer for the State Grid Jinzhong 1000kV substation expansion project has been safely delivered to the construction site.

Hydrogen Project

BP, ADNOC and Masdar to Develop 2GW of Low Carbon Hydrogen

The trio have the intention to expand the project as it progresses, a statement confirmed.