Soaring energy prices and strong demand recovery has boosted Big Oil’s profits, which have exceeded estimates
Bernard Looney
Posted inNews
BP, Oman announce partnership on renewable energy, hydrogen
The agreement will see BP capture and evaluate solar and wind data from 8,000 square kilometres of land
Energy giant BP and Oman’s Ministry of Energy and Minerals signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement on Monday. The agreements aim to support the development of multiple gigawatt renewable energy and green hydrogen development in Oman by 2030. The agreement will see BP capture and evaluate solar and wind […]
Posted inNews, ADIPEC, Energy Transition
“No light switch” for turning off hydrocarbons: BP CEO
Goals need to be clearly defined for energy transition, Looney said.
The transition away from hydrocarbons towards more climate-friendly alternatives is a long-term approach that requires clear goals in order for success, the CEO of British oil and gas giant BP said on Monday. Governments around the world have begun to speed up policy reforms in line with climate challenge objectives. The global narrative, however, has […]
Posted inDRILLING & PRODUCTION
Little prospect of post-COVID-19 rebound for BP’s oil and gas investments, says GlobalData
GlobalData responds to BP’s Q4 2020 financial results
Posted inDRILLING & PRODUCTION
BP reports first full-year loss in 10 years
The company posted a net loss of $5.7 billion amid low oil prices and market turbulence
Posted inDRILLING & PRODUCTION
BP exits three trade organisations on climate disagreements
The UK oil major reviewed its alignment with trade associations, and has decided to leave three US-based organisations
Posted inDRILLING & PRODUCTION
Outgoing BP CEO ranked third on the Power 50 2020
Bob Dudley led the British oil major following the Deepwater Horizon tragedy and through the oil price crash
Posted inDRILLING & PRODUCTION
BP sets ambition for net zero by 2050, fundamentally reorganises company
BP intends to host a capital markets day in September at which the leadership team will set out more information on BP’s strategy and near-term plans
Posted inDRILLING & PRODUCTION
Incoming BP CEO has “ambitious” overhaul plans – sources
Bernard Looney is planning to expand the company’s climate targets, and could overhaul the structure of the oil major
Posted inDRILLING & PRODUCTION
Bernard Looney to take over as BP chief executive
Current BP chief executive Bob Dudley will retire in March 2020