Tag Archives: BP

BP Taps CRH Veteran Albert Manifold as Next Board Chair

IN BRIEF) BP has appointed Albert Manifold—former CEO of CRH plc—as its next chair. He will join the board on 1 September and take over from Helge Lund on 1 October. Manifold’s tenure at CRH saw significant portfolio reshaping, capital discipline, and … Read the full press release

bp Agrees to Sell 1.3 GW Net US Onshore Wind Portfolio to LS Power

(IN BRIEF) bp has agreed to sell its US onshore wind arm, comprising ten operating wind farms totalling 1.7 GW gross (1.3 GW net) in seven states, to LS Power. The business—including the experienced bp Wind Energy team—will join LS Power’s Clearlight Energy fleet, boosting … Read the full press release

bp Sells Dutch Retail Stations and EV Charging Hubs to Catom to Accelerate Downstream Reset

(IN BRIEF) bp is selling its Netherlands mobility & convenience network and bp pulse EV charging business to Catom as part of its $20 billion divestment initiative and downstream reset strategy. The deal includes approximately 300 retail stations (some with … Read the full press release

BP Appoints David Hager to Board, Strengthening Leadership in Upstream Oil and Gas

(IN BRIEF) BP has appointed David Hager to its board of directors, effective 2 June 2025. Hager brings extensive experience in the U.S. upstream oil and gas industry, having held prominent roles at Devon Energy and Kerr McGee. BP also … Read the full press release

bp Trinidad and Tobago Announces First Gas from Mento Development, Marks Key Milestone

(IN BRIEF) bp Trinidad and Tobago (bpTT) has announced the successful delivery of first gas from the Mento development, a 50/50 joint venture with EOG Resources Trinidad Ltd. The development, which features a 12-slot attended facility off the southeast coast … Read the full press release

Eni Confirms Promising Results from Capricornus 1-X Well in Namibia’s Orange Basin

(IN BRIEF) Eni has confirmed the preliminary findings of the Capricornus 1-X well, drilled in Namibia’s Orange Basin under PEL85 by operator Rhino Resources. The well encountered 38 meters of net pay in the Lower Cretaceous with strong reservoir characteristics … Read the full press release

bp Announces Oil Discovery at Far South Prospect as Gulf of America Becomes Key Growth Area

(IN BRIEF) bp has announced a new oil discovery at the Far South prospect in the deepwater Gulf of America. Located in Green Canyon Block 584, about 120 miles off Louisiana’s coast, the exploration well—drilled to a depth of 23,830 … Read the full press release

BP Provides Q1 2025 Guidance Amid Mixed Upstream Performance and Shifting Trading Conditions

(IN BRIEF) BP p.l.c. has issued a Trading Statement outlining its current estimates and expectations for the first quarter of 2025, with insights into the economic environment and group performance. The statement clarifies that while it provides key guidance, it … Read the full press release

bp Board Initiates Chair Succession Process Led by Dame Amanda Blanc

(IN BRIEF) bp’s board has initiated a succession process to select a new Chair after Helge Lund announced his intent to step down. Led by Senior Independent Director Dame Amanda Blanc, the process will see the new Chair joining the … Read the full press release

bp Drives Portfolio Reshaping: Strategic Sale of Austrian Retail Sites, EV Charging, and Fleet Business

(IN BRIEF) bp has announced its intention to sell its mobility and convenience business in Austria as part of a strategic move to focus on its downstream operations. The sale includes over 260 retail sites (approximately 120 company-owned), EV charging … Read the full press release

JERA Nex bp Unveils Elite Leadership Team to Propel Global Offshore Wind Expansion

IN BRIEF) JERA Co., Inc. and bp have announced the leadership team for their new 50-50 offshore wind joint venture, JERA Nex bp, positioning the entity as a global leader in the development, ownership, and operation of offshore wind projects. … Read the full press release

bp and Iberdrola Begin Construction of Spain’s Largest Green Hydrogen Plant in Castellón

(IN BRIEF) A joint venture between bp and Iberdrola España has commenced construction of Spain’s largest green hydrogen plant, set to begin operations by 2026. Located next to the bp refinery in Castellón, this 25 MW plant is expected to … Read the full press release

DHL Express and Cosmo Oil Collaborate on First SAF-Powered Cargo Service in Japan, Marking a Milestone for Emission Reduction

(IN BRIEF) DHL Express has signed a landmark deal with Cosmo Oil Marketing Co. Ltd. to purchase 7.2 million liters of Sustainable Aviation Fuel (SAF) annually, set to begin in April 2025. This move will mark the first SAF-powered cargo … Read the full press release

BP Commences Gas Flow from Greater Tortue Ahmeyim Phase 1, Advancing Energy Production in Mauritania and Senegal

(IN BRIEF) BP has begun the first gas flow from the Greater Tortue Ahmeyim (GTA) Phase 1 project, located offshore Mauritania and Senegal. This significant step in one of Africa’s deepest and most complex gas developments marks the project’s move … Read the full press release

Equinor Secures Over USD 3 Billion Financing for Empire Wind 1 Project in U.S.

(IN BRIEF) Equinor has secured over USD 3 billion in financing for its Empire Wind 1 offshore wind project in the U.S., with financial close reached in December 2024. The project, which will power 500,000 homes in New York by … Read the full press release

Global Energy Giants Commit $500 Million to Advance Universal Energy Access for Underserved Regions

(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

bp Completes Full Acquisition of Lightsource bp to Boost Onshore Renewable Energy Portfolio

(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

Apollo Acquires Stake in bp’s Trans Adriatic Pipeline, Exploring Further Energy Collaboration

(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

BP Completes Acquisition of GETEC ENERGIE GmbH to Enhance European Energy Presence

(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

BP and Iraq Government Sign MoU for Kirkuk Region Redevelopment

(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