BP to Exit Rosneft Stake and May Take a $25 Billion Hit
BP is moving to dump its shares of Russian oil giant Rosneft. BP Plc moved to dump its shares in oil giant Rosneft PJSC , taking a financial hit of Continue Reading
BP exit opens new front in West’s campaign against Russia
BP opened a new front in the West’s campaign to isolate Russia’s economy by deciding to exit its Russian oil and gas investments, the most aggressive move yet by a Continue Reading
BP profit hits 8-year high as it boosts low carbon plans
BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with Continue Reading
For BP, car chargers to overtake pumps in profitability race
BP says its fast electric vehicle chargers are on the cusp of becoming more profitable than filling up a petrol car. The milestone will mark a significant moment for BP Continue Reading
bp acquires EV fleet charging provider AMPLY Power; first major step into electrification in the US
bp took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) charging and energy management provider for fleets that operate Continue Reading
bp plans major green hydrogen project in Teesside; 60 MWe production by 2025, 500 MWe by 2030
bp confirmed it is planning a new large-scale green hydrogen production facility in the North East of England that could deliver up to 500MWe (megawatt electrical input) of hydrogen production Continue Reading
BP Goes on Hydrogen Hiring Spree in Bid for 10% Market Share
BP Plc has kicked off a hiring campaign to fill jobs in its fledgling hydrogen business. The U.K. oil and gas major is initially looking to fill some 100 hydrogen Continue Reading
Gas crisis helps to land BP $500 million windfall
BP’s trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company’s trading results said, as the energy major benefitted from Continue Reading
BP Starts Next Expansion Project Phase In Gulf of Mexico
BP has started up its Thunder Horse South Expansion Phase 2 project in the U.S. Gulf of Mexico. Supermajor BP has started up its Thunder Horse South Expansion Phase 2 Continue Reading
Amid UK driver shortage, BP prioritising fuel deliveries to sites with big demand
BP said on Friday it was prioritizing deliveries of fuel to British sites with the largest demand and seeking to minimize the amount of time when its petrol and diesel Continue Reading