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bp, mining company Rio Tinto ink deal for one-year trial of marine biofuels
- Companies say bp-manufactured B30 biofuel blend can reduce lifecycle carbon dioxide emissions by up to 26% compared to standard marine fuel oil
bp and Linde to jointly develop carbon capture project in Texas
- Project, which plans to open by 2026, will store up to 15 million metric tonnes per year
bp pens deal with UK firm to convert waste plastics into petrochemical feedstocks
- bp will initially receive output of Clean Planet Energy’s first facility, currently under construction in Teesside, northeast England
bp to invest up to $22 billion in UK energy system by 2030
- Company has various projects in pipeline from oil and gas to renewable energy and hydrogen production facilities in UK
bp to invest £1 billion in UK EV charging infrastructure
- Investment to allow bp to triple number of public charging points in its UK network
bp and Marubeni partner to pursue offshore wind in Japan
- bp to establish local offshore wind development team in Tokyo
Oil prices reach record highs on mounting supply fears from Russia-Ukraine tension
- ExxonMobil, bp, Shell and Equinor to leave Russian joint ventures and projects while TotalEnergies to halt capital for new projects
bp's decision to quit Rosneft shareholding 'destroys 30-year cooperation': Rosneft
- Norway's energy giant Equinor also announces decision to pull out of Russia
bp to exit Rosneft shareholding amid Russian attack on Ukraine
- Company decided to sever ties with Russian oil and gas giant
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EU banks still providing funds for fossil fuels
- HSBC, Barclays and BNP Paribas have provided over $400B to 50 oil companies including ExxonMobil, Saudi Aramco, Shell, BP since 2016, ShareAction says
bp posts $12.8 billion profit in 2021
- Company reduces net debt for seventh quarter in a row to $30.6 billion at the end 2021
Equinor, bp sign deal for offshore wind projects in New York
-Once completed, project will enable to power about 2 million New York homes and generate more than $1 billion in economic activity for city
Fossil fuel lobby at COP26 larger than any single country: Analysis
- Over 500 fossil fuel lobbyists with links to big polluters accredited to climate talks in Glasgow, data show
US Democratic lawmakers inquire of big oil firms’ role in global warming
- Lawmakers send letters to four firms, accusing them of misleading public about dangers of fossil fuels
bp, NYK Line join forces to decarbonize shipping and heavy industry
- Switching to less carbon-intensive fuels is critical in enabling shipping industry to meet long-term decarbonization ambitions
Revenues of oil giants increase 46% in 1H21
- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises
bp posts $3.1 billion profit in 2Q21
- Company expects higher product demand during third quarter as COVID-19 restrictions continue to ease
Oil giants BP, Lukoil seek to exit Iraq: Iraqi Oil Minister
- BP’s presence in Iraq dates back to 1920s while Lukoil's investments began in 2014 in the country's West Qurna-2 field
BP invests $7 million in electric vehicle charging technologies
- Investment in IoTecha is aligned with BP’s aim to provide over 70,000 public EV charging points worldwide by 2030
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Oil giants increase profits to $46 billion in Q121
- BP records highest year-over-year rise in profit
BP, Pavilion Energy ink deal for LNG supply to Singapore
- Companies will cooperate to create greenhouse gas quantification and reporting system along with supplying LNG to Singapore
BP posts $4.7 billion profit in Q121
- Divestment strategy, business performance and oil price recovery ensured strong cash flow to deliver net debt target
Revenues of oil giants decline 35.4% in 2020
- Royal Dutch Shell records highest year-over-year decline in revenue
BP plans UK’s largest hydrogen project
- British energy major’s move also aims to contribute to country’s target of developing 5 GW of hydrogen production by 2030
Rosneft, BP to coact for carbon control, sustainability
- Firms vow to deliver more energy with less carbon taking into account profound changes shaping global energy transition
BP posts $20.3 billion loss in 2020
- Despite huge loss in 2020, firm recorded $1.4 bln. profit in 4th quarter of 2020 compared to $0.5 bln. loss in 3rd quarter
BP to sell 20% stake in Oman’s Block 61
- BP says agreement marks significant step in its divestment plan
BP delivers LNG for downstream customers in China
- BP develops business model to provide more LNG to China and to increase access to downstream gas markets, says BP official