Tag Archives: British Petroleum Co. (BP)

Asian spot prices for liquefied natural gas (LNG) have jumped by at least 20% in a week as supply of the super-chilled fuel tightens amid fewer cargoes arriving from the United States and as demand rebounds in the region, several traders said. Several cargoes have changed hands at $2.40 to …

When Lord Browne ran BP (formerly British Petroleum) from 1995 to 2007, those initials also stood, aspirational, for “Beyond Petroleum”. The company made renewable energy investments that complemented its green and yellow flowery trademark. But Browne’s corporate investments in renewables were early. His successor Tony Hayward abandoned renewables and resumed …

Some of the world’s largest oil producers are starting to see evidence of a rebound in demand from China, even as other economies around the world remain hobbled by the coronavirus. While it’s still early days into the Chinese recovery, limited initial sales data was encouraging, Irving, Texas-based Exxon Mobil …

BP is joining forces with the US government, universities, and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-19. The company will donate its supercomputing capability to the public-private consortium formed in March 2020 by the White House’s Office of …

A growing number of oil and gas companies are trumpeting plans to cut their greenhouse-gas emissions amid mounting pressure from investors, policymakers, and a public concerned about climate change—or the financial risks it poses to the sector. In the latest move, BP announced its “ambition” on Wednesday to eliminate emissions …

Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.

Natural gas is like the e-cigarette of fossil fuels.

The Net Zero Teesside project aims to decarbonise local industry by building a transportation and storage system to gather industrial carbon dioxide. compress it and store it safely in reservoirs under the sea.

Eni is aiming to cut its greenhouse gas emissions by 80% by 2050 in absolute terms.

In 2018. BP invested over $10 billion to buy BHP Billiton'.s US shale business.