BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
Iraqi News9h
Iraq’s deal with BP to add 150,000 barrels per day
The agreement signed by BP to develop four oil fields in Iraq is anticipated to increase the country's production by 150,000 ...
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the ...
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
Houston Chronicle17d
Report: BP to drop renewable energy goals in favor of fossil fuels
BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The ...
Newsday21d
Beacon Wind developer withdraws application for 200-mile cable/transmission plan
Cancellation of that contract came as former partners Equinor and BP, both with vast fossil-fuel holdings, split up and divided their offshore assets. BP retains control of Beacon 1 and Beacon 2 ...
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.