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bp names Albert Manifold as new chair, succeeding Helge Lund

- Manifold to join bp's board as non-executive director and chair-elect on Sept. 1 and formally take over as chair on Oct. 1, oil major says

21.07.2025 General

bp agrees to sell US onshore wind business to LS Power

- Deal is expected to close by end of 2025, pending regulatory approvals

18.07.2025 Renewable

Experts, policymakers explore ways for Africa’s energy transition

- Nuclear Energy Innovation Summit for Africa opens with focus on exploring potential of small modular and micro reactors in accelerating energy transition

01.07.2025 Nuclear

bp assumes operatorship of Karabakh Oil Project in Caspian Sea

- Under deal, bp acquires 35% stake in both RSA and PSA, with SOCAR retaining remaining 65%

03.06.2025 Oil

Polish-Turkish Economic Forum in Istanbul to focus on green technologies

- Ceremonial signing of Letter of Intent between Polish, Turkish companies to increase 2 countries' cooperation scheduled

28.05.2025 Energy Diplomacy

bp sells 25% of its stake in TANAP to Apollo

- Apollo Funds will invest about $1 billion for non-controlling shareholding in bp Pipelines

21.03.2025 Oil

bp announces $10 billion annual investment plan in oil and gas

- Energy giant to keep annual spending on energy transition initiatives, including renewables, at $1.5-2 billion, a $5 billion reduction from previously announced investment levels

27.02.2025 Natural Gas Oil

bp posts %35.5 drop in profit amid weaker margins, market volatility

- bp net profits drops sharply in 2024 to $8.9 billion, down from $13.8 billion in 2023

11.02.2025 General

EU vows to accelerate global transition to clean energy

- EU aiming for over 42% of its energy to come from renewables by 2030, up from 23% today, says European Commission president Ursula von der Leyen

23.01.2025 General

bp to axe around 4,700 jobs as part of cost-cutting drive

-Oil major also plans to reduce its contractor workforce by additional 3,000 positions

16.01.2025 General

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Experts: Iran's intensifying energy bottleneck drives country into multifaceted crisis

- Energy disruptions and industrial shutdowns are jeopardizing Iran's economy and disrupting daily life, according to experts

09.01.2025 Electricity Energy Diplomacy International Relations

Iran struggling to tackle energy crisis despite vast oil reserves

- President Masoud Pezeshkian has invited the public to lower heating by 2C while country suffers amid power cuts and schools go online due to cold weather

24.12.2024 Oil

bp, Abu Dhabi’s XRG form joint venture for gas in Egypt

- New joint venture Arcius Energy 51% owned by bp and 49% by XRG, ADNOC's international investment arm

16.12.2024 Natural Gas Finance

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Türkiye's renewable transition presents 'promising economic driver'

- Country's potential in developing sustainable systems, strategic location adjacent to key European markets, emerging renewable energy sector present opportunities, says global consulting firm partner

10.12.2024 Renewable

bp, Japan's JERA to form global offshore wind joint venture

- Partners to invest up to $5.8 billion in projects committed before 2030

09.12.2024 Renewable

Mix of green energy, low emission gas necessary for successful energy transition

- "We will continue to develop pipeline supplies, which give security and flexibility and will continue supplying competitive energy to our partners and to the world," Russia's First Deputy Minister of Energy says

22.11.2024 Natural Gas Energy Diplomacy