BP appoints former Statoil and BG Group chief as chairman

Helge Lund headed BG Group between 2015 and 2016 when it was taken over by Shell

BP pledges to limit emissions growth through to 2025

The firm also announced other targets, which it says are concrete, measurable and intended to be met over ten years

BP and Petrobras sign exploration MoU

The energy giants have committed to exploring areas of mutual interest in the upstream, downstream, trading and low carbon sectors

BP and Tesla team up for energy storage

The firms will deploy batteries at a 25MW wind farm in South Dakota

BP: Clean technology could cut consumption by 40%

The tech could increase vehicle efficiency, improve building design and use less energy in cooking and washing

BP: Plastic bans will slow oil demand

Bans on single-use plastics will slow growth in global oil demand. That’s the forecast from BP’s latest Energy Outlook, which suggests the phasing out of plastic bottles, carrier bags and straws at both governmental and commercial levels is likely to significantly affect how the fuel source is used. Oil accounts for nearly two-thirds of the growth […]

BP starts gas production offshore Egypt

BP has announced the start of gas production from the Atoll Phase One project, offshore Egypt. It is producing 350 million cubic feet of gas a day – which is directed to the national grid – and 10,000 barrels of condensate a day. Located in the North Damietta concession in the East Nile Delta, it […]

BP’s annual profits soar to $6.2bn

Energy giant BP has seen its annual profits soar to $6.2 billion (£4.4bn), largely due to the rise in global oil prices. Profits more than doubled last year – up from $2.6 billion (£1.86bn) the year before. The company said oil and gas exploration delivered the most successful year since 2004, with around one billion […]

Scottish uni scores £1.25m for energy economics research

BP has awarded £1.25 million to a Scottish university to continue its research on energy economics. Heriot-Watt University will also continue as the partner for the company’s annual energy benchmark reports, with the funding securing a further three years of expert statistical and analytical support. Energy economists at the university’s Centre for Energy Economics Research […]

Petrobras joins CEO-led oil and gas climate initiative

Petrobras is to join a CEO-led group of oil and gas companies that intends to lead the industry’s response to climate change. The Oil and Gas Climate Initiative (OGCI) aims to increase the ambition, speed and scale of the projects undertaken by individual firms to reduce greenhouse gas emissions and explore new businesses and technologies. […]