BP

BP sets ambition for net zero by 2050, fundamentally changing organisation to deliver

Five aims to get BP to net zero: 1. Net zero across BP’s operations on an absolute basis by 2050 or sooner. 3. 50% cut in the carbon intensity of products BP sells by 2050 or sooner. 4. Install ...
BP

BP releases report on causes of Gulf of Mexico tragedy

No single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread ...
BP

bp acquires freehold of one of Europe's largest truck stops, unveiling ambitious plans to help heavy goods vehicles (HGVs) electrify

bp pulse acquires the freehold of a strategically placed truck stop in Ashford, Kent – one of the largest in Europe The truck stop’s proximity to Dover and the Eurotunnel, where 3.5 million heavy ...
BP

bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion

bp has reached an agreement to sell a 65% shareholding in Castrol at an enterprise value of $10 billion. Total net proceeds to bp of c.$6 billion, including accelerated dividend payments, will be ...
BP

bp completes acquisition of Archaea Energy

Today bp (NYSE: BP) completed its purchase of Archaea Energy Inc., (NYSE: LFG) a leading provider of renewable natural gas (RNG), marking a milestone in the growth of bp’s strategic bioenergy business ...
BP

bp agrees to sell its petrochemicals business to INEOS

bp today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic ...
BP

bp to invest up to £50 million in new global battery research and development centre in Britain

bp continuing to invest in the UK, with new investment of up to £50 million for new electric vehicle battery testing centre and analytical laboratory in Pangbourne. Aims to advance development of ...
BP

bp flows first gas at Greater Tortue Ahmeyim LNG project

bp has begun flowing gas from wells at the GTA Phase1 liquefied natural gas (LNG) project to its floating production storage and offloading (FPSO) vessel for the next stage of commissioning. GTA, ...
BP

ADNOC and bp to form gas joint venture

Abu Dhabi, UAE/London, UK: ADNOC and bp today announce that they have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical ...
BP

bp and Linde plan major CCS project to advance decarbonization efforts across Texas Gulf Coast

With potential start-up by 2026, project aims to store up to 15 million metric tons of CO 2 per year in multiple sites – the equivalent of removing approximately 3 million cars from the road Engaging ...
BP

Statistical Review of World Energy to pass to new home at the Energy Institute

The new custodian of the Statistical Review of World Energy is to be the Energy Institute (EI), the chartered professional membership body for people who work in energy, it was announced today, as ...
BP

bp starts oil production at Argos platform in the Gulf of Mexico

HOUSTON – bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater US ...