(IN BRIEF) Four major energy companies—bp, Equinor, Shell, and TotalEnergies—have committed $500 million to address global energy access challenges, particularly in underserved regions like Sub-Saharan Africa, South Asia, and Southeast Asia. This collaborative effort aims to support UN Sustainable Development … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged Anders Opedal, BP, Energy Access, Equinor, France, Norway, partnership, Patrick Pouyanné, Shell, South Asia, Southeast Asia, sub-Saharan Africa, sustainability, TotalEnergies, UK, UN Sustainable Development Goal 7 (UN SDG7), Underserved Regions, Wael Sawan
(IN BRIEF) bp has completed its acquisition of the remaining 50.03% interest in Lightsource bp, enhancing its position in the onshore renewable energy sector. This acquisition brings bp full control over Lightsource bp’s 62 GW solar and battery storage development … Read the full press release
(IN BRIEF) Apollo Global Management has purchased a non-controlling stake in bp Pipelines TAP Limited, which holds bp’s 20% share in the Trans Adriatic Pipeline (TAP), for approximately $1 billion. While bp remains the controlling shareholder, this partnership allows bp … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, United Kingdom
Tagged Apollo Global Management, BP, bp Pipelines TAP Limited, energy infrastructure, energy transition, Europe, Gas Projects, Greece, Italy, Leslie Mapondera, low-carbon energy, natural gas, Shah Deniz gas field, Skardon Baker, strategic partnership, TAP, Trans Adriatic Pipeline, William Lin
(IN BRIEF) BP has finalized the acquisition of GETEC ENERGIE GmbH, an energy supplier to commercial and industrial customers in Germany. This acquisition, announced in January 2024, enhances BP’s European gas and power operations and expands its reach to Germany, … Read the full press release
Posted in Austria, Belgium, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Poland, United Kingdom
Tagged acquisition, Austria, Belgium, BP, Cord Wiesner, Elaine Skinner-Reid, European Energy, GETEC ENERGIE GmbH, Netherlands, partnership, Poland, sustainability
(IN BRIEF) BP and the Government of Iraq have signed a memorandum of understanding (MoU) to negotiate a redevelopment programme for the Kirkuk region. This includes investments in oil and gas, power generation, solar energy, and exploration activities. The MoU … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged BP, H.E. Hayan Abdul Ghani, H.E. Mohammed Shia' Al Sudani, Iraq Government, Kirkuk Region, Murray Auchincloss, Nader Zaki, partnership, redevelopment, sustainability, Zaid Elyaseri
(IN BRIEF) bp and Castrol have entered into a strategic partnership with Audi for their debut in Formula 1 in 2026. This exclusive collaboration includes the development of FIA-compliant Advanced Sustainable fuels and specialized lubricants for Audi’s F1 power unit. … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Sports, United Kingdom
Tagged Adam Baker, Andreas Seidl, Audi, BP, Castrol, Formula 1, Germany, motorsport, partnership, sustainability
(IN BRIEF) bp and Worley have announced a new strategic alliance aimed at enhancing efficiency, continuous improvement, and value creation within bp’s global Site Projects organization. This collaboration, building upon a decade-long successful partnership between the two companies, seeks to … Read the full press release
(IN BRIEF) In a move to enhance operational efficiency and focus on delivering its priorities, bp announces a simplification of its organizational structure. The company will maintain three core businesses – production & operations, gas & low carbon energy, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, United Kingdom
Tagged Anja-Isabel Dotzenrath, appointments, BP, Carol Howle, Emeka Emembolu, Emma Delaney, ENERGY, gas, Giulia Chierchia, Gordon Birrell, Kate Thomson, Kerry Dryburgh, leadership, Leigh-Ann Russell, low carbon energy, Mike Sosso, Murray Auchincloss, organisational structure, William Lin
(IN BRIEF) BP p.l.c. (“BP”) disclosed the early tender outcomes for its cash tender offer conducted by its wholly-owned subsidiary BP Capital Markets p.l.c. to purchase for cash any validly tendered and accepted Notes, up to an aggregate principal amount … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged BP, cash tender offer, Financial, investment
(IN BRIEF) BP p.l.c. has initiated a cash tender offer through its subsidiary, BP Capital Markets p.l.c., to acquire any validly tendered and accepted Notes issued by the Offeror, up to an aggregate principal amount of $1,000,000,000. The Tender Offer, … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged BP, Cash Tender Offer for Notes, Financial, investment
(IN BRIEF) The floating liquefied natural gas (FLNG) vessel for the Greater Tortue Ahmeyim (GTA) LNG project, operated by bp and partners, has reached its destination on the maritime border of Mauritania and Senegal. This vessel, named Gimi, is a … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Transportation & Logistics, United Kingdom
Tagged BP, Emil Ismayilov, FLNG vessel, floating liquefied natural gas, FPSO vessel, gas, Gimi, Greater Tortue Ahmeyim, GTA LNG project, Kosmos Energy, LNG, Mauritania, PETROSEN, Senegal, SMH
(IN BRIEF) bp and Equinor have entered into an agreement to restructure the ownership of their joint US offshore wind projects, resulting in bp acquiring Equinor’s 50% stake in the Beacon Wind 1 and 2 projects, while Equinor takes ownership … Read the full press release
(IN BRIEF) bp, the global energy company, is set to expand its presence in the European commercial and industrial (C&I) energy supply sector with the acquisition of GETEC ENERGIE GmbH, a prominent energy supplier in Germany. This acquisition will strengthen … Read the full press release
(IN BRIEF) bp has appointed Murray Auchincloss as its new Chief Executive Officer (CEO), effective immediately. Auchincloss, who has been serving as interim CEO since September 2023, will continue as a member of the bp board. His appointment follows a … Read the full press release
Posted in Business, Energy, Gas & Oil, Management, United Kingdom
Tagged appointment, BP, CEO, Chief Executive Officer, Helge Lund, leadership, Murray Auchincloss
(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged BP, economic challenges, Empire Wind 2, Equinor, Joshua Weinstein, Molly Morris, NYSERDA, OREC Agreement, partnership, Termination
(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged ACG, Azerbaijan, Azeri Chirag Gunashli, Baku-Tbilisi-Ceyhan, BP, divestment, Equinor, oil fields, Philippe Mathieu, Rovshan Najaf, SOCAR
(IN BRIEF) bp and BWT Alpine F1 Team have announced a partnership focused on enhancing energy efficiency and sustainability at the Alpine F1 Team’s Enstone facility in Oxfordshire. The collaboration leverages bp’s advanced data measurement and analysis tools, including DIGBOX®, … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Sports, United Kingdom
Tagged BP, BWT Alpine F1 Team, energy efficiency, Nicola Buck, partnership, Philippe Krief, Rob White, sports, sustainability
(IN BRIEF) bp is acquiring the remaining 50.03% stake in Lightsource bp, a leading utility-scale solar and battery storage developer and operator. This strategic move aims to enhance Lightsource bp’s growth and leverage bp’s complementary capabilities in finance and trading. … Read the full press release
(IN BRIEF) bp ventures, the investment arm of bp, has committed $10 million as the lead investor in the Series B funding round of WasteFuel, a California-based biofuels company. WasteFuel specializes in converting bio-based municipal and agricultural waste into lower … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Investment, Management, News, United Kingdom
Tagged Alejandro Estrada, bioenergy, biofuels, BP, BP Ventures, Gareth Burns, investment, Philipp Schoelzel, Trevor Neilson, WasteFuel
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
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