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The energy giant has pledged to invest more in low carbon technologies and less in oil and gas after acknowledging the world’s carbon budget is finite and running out fast.
Read More »BP Pledges to Reach net Zero by 2050
Oil Heads for Fifth Weekly Loss as Demand Concerns Dominate
The U.S. is preparing to step up enforcement of international rules limiting sulfur in ship fuel.
Read More »Russia Wants more Time to Mull Output Cuts
Moscow needs more time to assess the situation. stopping short of giving a clear Russian position on the proposal.
Read More »OPEC+ Panel may Agree on Need to Deepen Oil Output Cuts
Oil prices have fallen by more than $11 a barrel this year to $55. alarming producers.
Read More »Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
Read More »BP Pulls out of Iraq’s Kirkuk Oilfield as Studies Disappoint
BP provided technical assistance to Iraqi state-held North Oil Company to help it with the redevelopment of the Kirkuk field.
Read More »Maersk Drilling wins contract extension for low-emissions rig offshore Norway
Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment. low-emission jack-up rig Maersk Integrator.
Read More »BP Finance Chief to Retire after 34 Years at the Company
Brian Gilvary will be succeeded by Murray Auchinchloss. who is currently the CFO of BP’s Upstream segment.
Read More »Six Major Oil Companies towards Renewable Energy Sources
BP was the first oil major to commit significant capital to renewable projects. such as wind and solar. from 1980 onwards.
Read More »India`s Oil Demand Growth Set to Overtake China by mid-2020s
China’s demand growth is likely to be slightly lower than that of India by the mid-2020s.
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