Oil price jumps as Saudi Arabia extends production cuts
The oil price jumped after Saudi Arabia extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, according to the state-owned Saudi Press Agency. Riyadh first ...
BP's Looney holding his nerve over energy transition plan
BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break aw...
BP Plans to Drill Four Natural Gas Exploration Wells in Egypt
BP and its natural gas partners also plan to invest $3.5 billion over three years to explore and develop natural gas resources in Egypt.
Equinor and BP seek big price hike for US wind power
Equinor of Norway and its partner BP have asked the New York State Energy Research and Development Authority (NYSERDA) for permission to raise the price of power produced at three planned offshore ...
Equinor, BP seek 54% hike in US offshore wind power price, filings show
Norway's Equinor and its partner BP are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory a...
BP Decides to Invest More in Oil & Gas to Meet Growing Demand
BP will spend 40% of its capital on energy transition projects by the middle of this decade and 50% by the end of the decade.
BP urges more oil, gas investment while speeding energy transition
Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.
Shell and BP blasted again by Greenpeace over greenwashing
A Greenpeace-commissioned study has accused twelve major oil firms, including Shell and BP, of greenwashing by exaggerating their renewable energy efforts. The research scrutinised the 2022 annual ...
'Fragile Five' oil producers will have more oil in market than demand, says Citi's Edward Morse
Ed Morse, Citi Research head of global commodities, joins 'Power Lunch' to discuss Morse's thoughts on the supply and demand picture for crude oil, why Morse isn't more concerned with the crude oil...
BP invests in green hydrogen start-up
BP PLC (LSE:BP.) has backed a start-up aiming to slash the costs of producing hydrogen by incorporating electrolysers into heavy industry.
BP backs green hydrogen start-up aiming to cut fuel's costs
BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen.
Italy's Saipem wins two contracts with Eni, BP worth a total $700 mln
Italian energy services group Saipem on Thursday said it was awarded two new contracts by Eni's Eni Congo and BP , worth a total of around $700 million.
BP's Joint Venture Jio-bp Expands EV Charging Network
BP's Indian joint venture, Jio-bp, expands its EV charging network strength during fiscal 2022-23. This growth is anticipated to continue during fiscal 2023-2024 as well.
3 Hydrogen Stocks You'll Regret Not Buying Soon
Hydrogen energy may have an important role to play in the world's energy needs. Russia's invasion of Ukraine in early 2022 helped to increase commodities prices across the board and prompted many E...
The 3 Best Oil Stocks to Buy in August
The energy market went through a bit of a downturn. Natural gas prices crashed earlier this year amid unseasonably mild weather.
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