Bp

Oil&Gas Drilling

Government Admits BP Drilling Permit Process was Unlawful

The government admits it acted unlawfully in granting BP’s permit to drill for new oil in the North Sea, a Greenpeace legal challenge reveals, after officials …

Market Analysis

Oil Industry Joins The Fight Against Coronavirus

The supermajor is also offering free food and drink to healthcare professionals at 15,000 retail outlets globally as well as to truck drivers and delivery perso…

BP is Pulling Out of Three Trade Groups Over Climate Policies

BP is withdrawing from three trade groups over climate policies, a move that comes after the company vowed to reach net-zero carbon emissions by 2050.

Crude Oil

BP Reduces Investment Plan by 25% in 2020 to US$12bn

BP has cut its 2020 spending plan by a quarter, from US$15bn to US$12bn, including a US$1bn reduction investment in short-cycle onshore activity.

Crude Oil

World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd

A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomber…

Crude Oil

Global Oil Demand Forecast to Fall by 4.9 Million Barrels Per Day in 2020: Rystad

Global oil demand could fall by as much as 4.9 million barrels per day (bpd), or by about 4.9 per cent, in 2020 due to the coronavirus outbreak, Norway's bigges…

Solar Power Plant

Lightsource BP Bankrolls 260-MW Solar Project in Texas

Partnership with BP facilitates long term power agreement and showcases the ability of the company to deploy large-scale solar projects.

Hydrogen Project

BP Backs Green Hydrogen Project in Germany

A group of companies that include BP have signed a letter of intent to develop a 100MW electrolyser for the industrial-scale production of green hydrogen.

Oil & Gas Trade

IEA: Oil Demand To Drop For First Time Since 2009

Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it sl…

Gas Turbine

GE Mobile Gas Turbine To Help Power Bahamas

Bahamas Power & Light Co. Ltd. (BPL) recently installed a GE’s TM2500 mobile aeroderivative gas turbine that can supply up to 34 MW.

BP Exits Hat-Trick of US Trade Associations Over Climate Policies

Oil giant BP has announced that it will exit three US trade associations after a climate review.

BP Wants To Slash Carbon Emissions, But Has No Plan For Doing That

There is an old expression that says, “If you fail to plan, you have a plan to fail.” It’s good to have goals, but plans are what make achieving those goals …

Carbon Neutral

Can BP Become Carbon Neutral?

BP’s new chief executive Bernard Looney outlined an ambitious new objective on Wednesday to make the oil giant carbon-neutral by 2050 - the most exacting susta…

Crude

Russia Still Elusive On Deeper OPEC+ Oil Production Cuts

Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…

Solar Company

Canadian Solar Signs 1.2GW PV Supply Contract with Lightsource BP

Lightsource BP develops, acquires and manages large-scale solar projects and smart energy solutions.