Tag Archives: British Petroleum Co. (BP)

Oil Majors are Driving aWind Energy Revolution

Thanks to zero-carbon promises, wind farms are expected to overtake the number of oil rigs in British waters by 2030. Oil majors are diversifying their energy production to evolve with the times. Both BP and Total have highlighted strategies for wind energy production in the U.K., with BP investing £924 …

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BP, Shell and Total Agree Energy Transition Principles

Eight energy companies including BP, Shell and Total have agreed to apply a common set of “energy transition principles” across their businesses, including a commitment to industry decarbonisation. Six principles have been devised in collaboration with with investor lobby group Climate Action 100+. The eight companies comprise the three European …

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BP Prepares to Boost Middle East Oil Production

BP has said it will invest heavily in Middle Eastern oil and natural-gas fields going into 2021. Despite pledging its transition to renewable energy, the company has highlighted its interest in Middle East oil and gas. At present, BP currently operates the world’s third largest oil field in Iraq, Rumalia, …

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Equinor, BP Canada Make Oil Discoveries Offshore Canada

Norwegian firm Equinor and its partner BP Canada have made two oil discoveries offshore Newfoundland, Canada. Following drilling in the Flemish Pass Basin, the two wells at the  Cappahayden  and  Cambriol prospects proved hydrocarbons presence. However, Equinor said it is too early to provide specific information on volumes present at the two prospects. Equinor …

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