Tag Archives: British Petroleum Co. (BP)

The decision by BP to withdraw from the supply of jet fuel for SA airports dates back to February last year and has nothing to do with the Russia/Ukraine war, the Airports Company SA (Acsa) said in a statement on Friday. BP’s decision was only publicised this week and there …

Crown Estate Scotland has awarded offshore wind leases to 13 Companies, including BP and TotalEnergies, to support North Sea oil and gas decarbonization. On Friday, Crown Estate Scotland, an independent commercial organization responsible for managing the British seabed, announced that it had awarded leases to 13 companies, including Big Oil’s …

BP chief executive Bernard Looney’s pay more than doubled to £10 million (€11.3 million) last year after the UK-listed energy major delivered a record $28 billion (€26.4 billion) in profits. The payout follows a tumultuous year in energy markets driven by Russia’s invasion of Ukraine that led to historic earnings …

Russian oil and gas output at the Sakhalin-1 project in the Far East is only half of what it was projected to be for 2022 after Russia’s invasion of Ukraine set off a series of Western sanctions that led to the departure of ExxonMobil. In a televised meeting with Russian …

BP has reignited the row over the vast scale of energy company money making since the start of the Ukraine war when it reported record profits of £23 billion last year. The figures come days after Shell revealed it made £32.2 billion meaning that Britain’s two biggest oil and gas …

Russia’s war in Ukraine will accelerate the shift away from oil and gas as countries around the world prioritize domestic renewable energy sources as a way to increase security of supply while also cutting carbon emissions. That’s the conclusion from the latest annual energy outlook from the economists at BP. …

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023. The five companies are expected to report $198.7 billion in combined 2022 profit in …

Equinor and bp jointly bid into New York’s third offshore wind solicitation (NY3) today. Equinor and bp’s bid, submitted to the New York State Energy Research and Development Authority in response to the state’s most recent offshore wind energy solicitation, would provide New York with renewable energy from the Beacon …

United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company (ADNOC) and oil major BP, reports Reuters. BPL agreed to conduct a joint feasibility study on exploring the production of sustainable aviation fuel (SAF) in the UAE, Masdar said in a statement on Friday. The …

Moving in lockstep with the Biden Administration’s calls for U.S. oil and gas companies to expand production, London-based BP Plc has unveiled plans to boost spending in the American oil heartland by over 40% this year. On Wednesday, BP said it would raise onshore oil and gas investment in the …