BP will leave three U.S. energy trade associations, including the main refining lobby group, the American Fuel and Petrochemical Manufacturers (AFPM), due to differences over climate policies, the UK-based oil Continue Reading
The oil and gas majors are under huge pressure to show they are contributing to reducing carbon emissions. New BP CEO Bernard Looney says he “gets it,” and has set Continue Reading
Last month, when global elites gathered in Davos, Switzerland for the World Economic Forum, climate change took center stage . While it’s unclear whether attendees came away with any concrete Continue Reading
BP’s oil and gas output is expected to decline “gradually over time” as it pursues a goal of becoming carbon neutral in its business overall and in the carbon content Continue Reading
BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 percent this year, putting pressure on Opec producers and Russia to curb supplies to keep prices Continue Reading
BP is expecting the China-focused coronavirus outbreak to reduce global oil demand by up to 500,000 b/d in early 2020 but remains upbeat that improving economic sentiment will support the Continue Reading
BP said it planned to divest $15 billion of assets by mid-2021, having previously targeted $10 billion in asset sales by the end of 2020. The company has already unloaded Continue Reading
Bernard Looney, the incoming chief executive of BP, has spent the past few months letting critics tell him how terrible his company is. Concerned that the energy major had become too Continue Reading
