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Bp
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Gas power plant
Siemens, BP and Prumo Transfer Brazil LNG Projects Stake to SPIC
SPIC Brasil has acquired a 33% stake in two LNG-to-power projects from Siemens, BP and Brazilian company Prumo.
Electric Car
Siemens and Aral Advance E-Mobility
Aral AG (Aral), a subsidiary of the bp group in Germany, has tasked Siemens Smart Infrastructure with expanding the grid connection at 30 selected petrol statio…
Energy Infrastructure
BP’s German Subsidiary Selects Siemens to Expand EV Infrastructure
Siemens Smart Infrastructure has been selected by Aral AG, a subsidiary of the bp group in Germany, to install intelligent substations at some 30 existing gas s…
Solar Power Plant
Lightsource BP Inks 152MW US Solar Offtake
Bellflower PV farm is expected to become operational in 2022
Crude Oil
Libya Oil Comes Back to Life but with Fragile Infrastructure
Libya is now producing 1,224 million barrels per day — a tenfold increase from a 121,000 bpd average in the third quarter of 2020, before the ceasefire deal.
Oil&Gas Drilling
Oil Major BP Significantly Downsizes Oil Exploration Division
As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati…
Solar Power Plant
Lightsource BP and RIC Energy Partner up on Spanish Solar Projects
Through the partnership, Lightsource bp, a company specialising in the development and management of solar energy projects, has acquired a 1.06 GW project portf…
Offshore Wind Power
Equinor and BP win 2.49GW Offshore Wind Contracts in US Auction
Norwegian power giant Equinor and partner BP have won two offshore wind tenders in the US, with a total capacity of 2.49GW.
Crude Oil
Global Oil Demand is Forecast to Increase by 5.9 million bpd in 2021 Amid Economic Recovery
The US supply forecast was revised up as oil prices trade higher, according to Opec
Offshore Wind Power
Equinor, BP Win New York Contracts for Offshore Wind Power
Equinor announced in October it was bidding for the two projects, which together have the potential to power more than one million US homes.
Crude Oil
Sudan, South Sudan Reach Deal to Ramp up Oil Production to 300,000 BPD
South Sudan and Sudan have reached a deal to increase oil production from the current 170,000 barrels per day to 300,000 BPD within the next three years from 20…
Crude Oil
OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021
Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday
Crude Oil
Novak Says Russia Backs OPEC+ 500,000 bpd Oil Output Hike from February
Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day from February at next month’s summit o…
Oil Field
Saudi Arabia Makes Four Oil and Gas Discoveries
Oil was discovered in the Al-Ajramiyah well, northwest of the city of Rafhaa, with tests showing a rate of 3,850 barrels per day (bpd).
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