147 articles
Osaka Gas agreed to acquire a 5% stake in BP's Browse gas project via a joint venture with JOGMEC to strengthen its LNG supply portfolio. The utility expects to secure 550,000 tons of annual LNG from
Senegal targets a 30% reduction in electricity costs by boosting domestic natural gas production and renewables to offset expensive imports. Partners like BP and Woodside support key projects such as
British Prime Minister Andy Burnham will meet CEOs of major firms, including oil majors BP and Shell, to discuss economic growth and infrastructure. The agenda covers the pending Jackdaw gas field dec
BP commenced production at Egypt's Fayoum-4 well, boosting daily natural gas supply by 80 million cubic feet two years ahead of schedule. This project addresses Egypt's urgent demand amid declining do
BP locked out roughly 800 workers at its Whiting, Indiana refinery over contract disputes, following a trend among major oil refiners to use hardline tactics to cut costs and alter labor dynamics.
BP has appointed Ian Tyler as its new permanent chair following the controversial removal of Albert Manifold. The move aims to stabilize governance while the company refocuses its strategy on fossil f
Shell Offshore will acquire a 30% stake in BP's Conifer prospect in the Gulf of Mexico and a 50% interest in the Tupinamba block in Brazil, signaling a renewed focus on upstream oil and gas growth.
BP's company secretary Ben Mathews will depart following the removal of former Chairman Albert Manifold, as Ian Tyler takes over as interim chairman amid leadership restructuring.
Pakistan rejected a costly LNG tender from BP amid war-driven price spikes, exacerbating electricity blackouts as Qatar extends force majeure on key shipments. The government now weighs energy securit
UK Prime Minister Andy Burnham faces critical decisions on North Sea oil drilling and energy policy, including BP's planned exit. The government considers windfall taxes on energy firms while balancin
Energean is in exclusive talks to acquire BP's upstream oil and gas assets in Egypt, including stakes in West Nile Delta and Temsah concessions, potentially raising $1 billion for BP. This deal expand
Eni and BP target a final investment decision within months on Egypt's Denise West gas field, aiming for first gas in under two years. The project supports Egypt's role as a Mediterranean energy hub v
Brazil's largest thermal power plant, GNA II, halted operations on August 10 following a steam turbine circuit breaker failure. The 1.7-gigawatt facility, owned by a BP-Siemens-SPIC joint venture, rep
BP has commenced trading Venezuelan fuel oil, joining peers like Trafigura and Vitol following regulatory shifts. This move supports BP's strategic pivot back to oil and gas under new leadership, coin
BP partners with Trump-linked firms to develop Venezuela's Loran offshore gasfield, signaling a major return of international oil investment following US policy shifts. This move supports broader effo
BP and partners secured a license to develop Venezuela's Loran gas field, targeting 4 trillion cubic feet of production. The move expands regional LNG capabilities alongside Shell's parallel Manatee f
UAE and Qatari firms are entering Venezuela via a BP-operated offshore gas project tapping 4 trillion cubic feet, aiming to supply feedstock to Trinidad's petrochemical and fertilizer plants amidst gl
BP has agreed to sell a 20% stake in Venezuela's Cocuina gas field to Trinidad's NGC, with output destined for Atlantic LNG and petrochemicals. The project involves 1 trillion cubic feet of reserves a
Klesch Group acquires BP's Gelsenkirchen refinery, becoming Germany's second-largest refiner. The deal secures fuel supply for the regional chemical industry but raises concerns regarding energy secur
Sonangol confirmed high-quality reservoirs at Angola's Katambi-2 offshore well, recording initial production of 41 MMscfd gas and 1,160 bpd condensate. The discovery aims to boost national output foll
BP CEO Meg O'Neill announced asset disposals including North Sea operations and biogas unit Archaea to accelerate debt reduction amid record oil profits. She advised the UK government that domestic No
BP completed the sale of its Gelsenkirchen refinery to Klesch Group, reducing annual operating costs by $1 billion as part of a strategic portfolio simplification in the European energy sector.
BP reported record quarterly profits of $5.73bn, doubling due to Middle East tensions driving oil prices higher. Competitors Shell and Aramco also posted record earnings, sparking criticism over soari
BP CEO Meg O'Neill announced a strategic pivot to abandon the 'supermajor' label, focusing on core assets rather than global footprint expansion. The company is simultaneously selling its UK North Sea
BP reports strong buyer interest in its North Sea assets following CEO Meg O'Neill's announcement of the sale process. The decision stems from UK policy changes and capital allocation strategies.
BP initiated the sale of its North Sea oil and gas assets to raise $20 billion and reduce debt amid energy transition efforts. This move ends over 60 years of operations in the region while ensuring s
BP posted its strongest quarterly profit in over four years, with adjusted net income doubling to $5.73 billion amid Middle East conflict-driven trading booms. Investors now focus on whether cost cuts
BP posted a second-quarter underlying profit of $5.73 billion, doubling year-over-year amid rising oil and gas prices. The company is divesting assets including its U.S. biogas business and refineries
BP completed the sale of its Gelsenkirchen refinery to Klesch Group, expecting a $1 billion reduction in operating expenditure. This transaction supports CEO Meg O'Neill's strategy to simplify operati
BP has initiated a formal sale process for its North Sea oil and gas business to streamline operations and reduce debt. This move concludes over 60 years of production in the region under new leadersh
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