Bp

Crude Oil

Goldman Sachs: Oil Markets To See Deficit Of 5 Million Bpd By End 2021

The oil market will end 2021 in a deficit of 5 million bpd as demand grows by another 2.2 million bpd in the second half of the year

United Kingdom

Huawei, Bp Subsidiary Partner to Reduce UK Energy Costs by 20%

A new partnership between Lightsource Labs, a subsidiary of Lightsource bp, Huawei, and renewable energy solutions firm Midsummer, aims to help UK households to…

Solar Power Plant

Lightsource BP Solar Project in Spain Starts Commercial Operations

Under an operations and maintenance agreement, Prodiel will continue to maintain the solar cluster for the next two years.

Nuclear Reactor

EDF Reaches AGR Decommissioning Agreement

The Department for Business, Energy and Industrial Strategy said the deal, which was signed yesterday, will save the UK taxpayer about GBP1 billion, as EDF and …

Oil&Gas Drilling

BP Starts up Manuel Project in Deepwater Gulf of Mexico; 20,100 boe/d

bp announced the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.

Offshore Wind Power

Oil Major BP Joins Consortium Seeking Wind Power off Norway

The consortium in which each partner will have a 33.3% stake plans to bid for offshore wind power projects in the Soerlige Nordsjoe II licensing area in the sou…

Crude Oil

Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry

Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.

Crude Oil

Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd

Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…

Solar Power Plant

Lightsource BP Partners on 1.35GW Portuguese PV

Lightsource BP has entered into a co-development partnership with Portuguese company Insun for five utility-scale solar farms that will add over 1350MW of new c…

Oil Field

Adnoc Awards $744m Offshore Field Contract to NPCC

The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023

Oil Shale

U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA

U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, th…

Oil Field

BP in Talks to Sell 28% Stake in UK North Sea Field

The company had agreed last year to sell the Shearwater and Andrew projects to Premier Oil but the deal fell through

OPEC

OPEC’s Oil Exports Are Surging By 1 Million Bpd In May

OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, …

Solar Power Plant

Lightsource BP Secures Planning for Australian Solar Project

The 400 MWdc site is adjacent to Lightsource bp’s near-complete ‎‎200 MWdc Wellington solar farm. Once operational, the 600 MWdc hub could become the state’…

Geothermal Power Plant

Why Oil Giants Like Chevron and BP are Investing in Geothermal Energy

Miles below the Earth’s surface, there’s a source of renewable energy that could sustain all of humanity for the foreseeable future.