Both companies are trying to increase efforts to refocus their businesses and tackle falling margins, rising debt and climate pressures
BP
Posted inExploration & Production
Big Oil proven reserves could run out in less than 15 years if discoveries don’t ramp up
Produced volumes are not being fully replaced with new discoveries among the oil majors
Posted inPeople
Power 50 ranking to be revealed in June issue
Look back at last year’s Power 50 ranking as we prepare to unveil the 2021 edition in June
Posted inExploration & Production
BP announces gas production from third stage of West Nile Delta project
The Raven field, which is the third stage of the West Nile Delta development, has started to produce gas
Posted inProducts & Services
bp to plan UK’s largest blue hydrogen facility
Proposed project in Teesside would be the largest in the UK, producing up to 1GW of ‘blue’ hydrogen, 20% of the UK’s hydrogen target, by 2030
Posted inPartnership
BP, SABIC embark on new cooperation for products from advanced plastics recycling
The new collaboration will help to increase production of certified circular products that use used mixed plastics as feedstock, thus reducing the amount of fossil resources needed in the petrochemical process
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 to sell 20% stake in Oman‎’‎s Block 61 to PTTEP for $2.6 billion
bp will remain operator of Block 61, with a 40% interest
Posted inDRILLING & PRODUCTION
Are oil majors ready to become part of the climate-change solution?
Oil producers across the globe have made commitments to be part of the energy transition