(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Azule Energy, BP, Capricornus 1-X, Eni, hydrocarbon discovery, Korres Investments, light oil 37 API, Lower Cretaceous oil discovery, NAMCOR, Namibia Orange Basin, Namibian offshore exploration, Noble Venturer drillship, oil flow test, partnership, PEL85, petroleum exploration Namibia, Rhino Resources, sustainability, wireline logging
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Andy Krieger, barrels of oil equivalent, BP, bp exploration program, Chevron, Chevron U.S.A., Constellation field, deepwater exploration, exploration wells, Far South, February 2025 strategy reset, Green Canyon Block 584, Gulf of America, Miocene reservoirs, offshore drilling, oil and gas, oil discovery, oil reserves, partnership, strategic growth, sustainability, U.S. energy, U.S. Gulf Coast, upstream production
(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
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, United Kingdom
Tagged BP, bp p.l.c., bp RMM, Brent crude, customers & products, divestments, effective tax rate, EGYPT, financial reporting, gas & low carbon energy, Henry Hub, low carbon energy, Net debt, oil production, Q1 2025 guidance, Q1 results, refining margins, trading conditions, trading statement, Trinidad, upstream production, working capital
(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
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, United Kingdom
Tagged Ben Mathews, Board of Directors, BP, Capital Markets Update, Company Secretary, Dame Amanda Blanc, Helge Lund, Murray, new Chair, partnership, Senior Independent Director, Shareholder Value, strategy execution, succession process, sustainability, transition
(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
Posted in Austria, Business, Energy, Gas & Oil, Industrial, Retail, United Kingdom
Tagged Austria, Austrian retail sites, BP, divestiture, downstream strategy, Emma Delaney, EV charging, fleet business, Linz fuel terminal NOJV, mobility & convenience, portfolio reshaping, regulatory approvals, sale process, strategic sale
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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged 13GW, Alfonso Montero Lopez, appointment, Asia Pacific, BP, British Ambassador to Japan, Chair, Chief Development Officer, Chief Investment Officer, Chief Operating Officer, Chief Technical Officer, Eric Antoons, Erin Eisenberg, Europe, Executive Vice President, Gas and Low Carbon Energy, Global CEO, Inc., Japan’s Minister of Economy Trade and Industry, JERA Co., JERA Nex bp, Jonathan Reynolds, Julia Longbottom, leadership, leadership team, low carbon energy, Memorandum of Cooperation, Nathalie Oosterlinck, offshore wind joint venture, offshore wind power, Parkwind, partnership, Q3 2025, regulatory approvals, Richard Sandford, sustainability, UK Secretary of State for Business and Trade, United States, VP Finance, William Lin, Yoji Muto, Yukio Kani, Zlati Christov
(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
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain, Technology, United Kingdom
Tagged and Resilience Plan, BP, Castellón, Ceramics, chemicals, civil engineering, CO2 reduction, electrolysers, electrolysis, energy transition, green hydrogen plant, heavy transport, hydrogen for hard-to-decarbonise industries, hydrogen production, hydrogen sector, hydrogen value chain, Iberdrola España, Iberdrola wind and solar farms, industrial decarbonisation, local companies, NextGenerationEU, partnership, renewable energy, Renewable hydrogen, renewable hydrogen projects, Spain, Spanish Recovery, sustainability, transformation
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged BP, Central Japan International Airport, Cosmo Energy Holdings Co., Cosmo Oil Marketing Co. Ltd., decarbonization, DHL Express, electrification of delivery vehicles, emission-reduced air freight, environmental impact, GoGreen Plus, international express industry, Japan, Koji Moriyama, Ltd., Nagoya Airport, Neste, net-zero greenhouse gas emissions, partnership, Saffaire Sky Energy LLC, Scope 3 greenhouse gas emissions, sustainability, sustainable aviation fuel (SAF), Tony Khan, World Energy
(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
Posted in Business, Energy, Gas & Oil, Industrial, United Kingdom
Tagged apprentice training program, BP, Dave Campbell, energy production, floating production storage and offloading, FPSO, gas flow, Gimi FLNG, Global Energy, Golar LNG, Gordon Birrell, Greater Tortue Ahmeyim, GTA Phase 1, Kosmos Energy, LNG, LNG export, local workforce development, Mauritania, Mauritania and Senegal economic development, natural resources, offshore gas development, PETROSEN, Senegal, SMH, social investment program
(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
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged BP, capital investment, construction jobs, Empire Wind, Empire Wind 1, energy security, Equinor, financial close, financing, Jens Økland, Long Island, Molly Morris, New York, New York City grid, New York State Energy Research and Development Authority, offshore wind farm, PSA, renewable energy, SBMT, South Brooklyn Marine Terminal, tax credits, U.S. offshore wind, union jobs, USD 3 billion, wind energy, wind power
(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
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