Tag Archives: British Petroleum Co. (BP)

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 …

UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company. Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the U.S., producing around 6,000 barrels of oil equivalent a day (boe/d) of RNG. Its production would be expected to provide an …

BP is paying more tax as it is making more profit, its UK head Louise Kingham told the Reuters Energy Transition Europe 2022 event on Wednesday. “It’s right that (the government) should think about how they protect the most vulnerable and taxation is not for companies to determine,” Kingham said. …

BP has agreed to buy U.S. renewable gas producer Archaea for $4.1 billion to help the British oil giant reach net zero carbon emissions by 2050. The London-listed energy major is flush with cash after recent surges in oil prices that have triggered calls for the cash-strapped U.K. government to …

Italy’s Eni has signed a deal to acquire BP’s upstream business in Algeria, including stakes in two gas-producing concessions, for an undisclosed sum. The deal covers BP’s 45.89% stake in the ‘In Amenas’ concession and a 33.15% interest in the ‘In Salah’ concession. Eni expects the acquisition to strengthen its …

BP is still in the process of assessing when a restart of the affected units of its Whiting refinery can take place, BP told Oilprice.com on Friday. BP continues to work “with local and state agencies as we continue to monitor the impact” of the electrical fire, which saw no …

Asian liquefied natural gas buyers are ratcheting up competition with Europe to secure spare supply as a series of outages threatens a shortage this winter. A new timeline presented on Tuesday to restart a key US liquefied natural gas export plant was much longer than traders had anticipated, while lower …

Equinor and BP announced last week the launch of the New York-based Offshore Wind Innovation Hub, which will facilitate partnerships with start-ups that bring new technological solutions to the rapidly growing US offshore wind industry. The initiative springs from a new three-year partnership between Equinor, the Urban Future Lab (UFL) …

Although electric vehicles (EVs) may appear to be the last thing the oil and gas industry would desire, energy firms are investing heavily in EV technologies, not wanting to miss out on new energy transition opportunities. The likes of Shell, TotalEnergies, ExxonMobil, Equinor, and BP are all backing EV projects …