bp has agreed to acquire a 40.5% equity stake in and to become operator of the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and green hydrogen […]
bp will increase its acreage position offshore Eastern Canada and sell its 50% non-operated interest in the Sunrise oil sands project in an agreement reached with Calgary-based Cenovus Energy. Total consideration for the transaction includes […]
bp has taken a major step forward in strengthening its strategic partnership with ADNOC and Masdar of Abu Dhabi, bringing international participation to its planned blue and green hydrogen developments in Teesside in the north-east […]
Rio Tinto and bp have agreed to work together on a 1-year biofuel trial to help reduce carbon emissions from Rio Tinto’s marine fleet. Under the trial, bp is supplying Rio Tinto with marine biofuel […]
Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022, according to Rystad Energy research. […]
bp and Linde have announced plans to advance a major carbon capture and storage (CCS) project in Texas that will enable low carbon hydrogen production at Linde’s existing facilities. The development will also support the […]
Empire Offshore Wind, a joint venture between Equinor and bp, has awarded a long-term service operations vessel charter agreement to US marine transportation provider, Edison Chouest Offshore (ECO). The plug-in hybrid service operations vessel (SOV) […]
The drive to reach net zero greenhouse gas emissions by 2050 has taken a sizeable step forward with the award of two carbon storage (CS) licences in the Southern North Sea. The North Sea Transition […]
Africa is conservatively forecast to reach peak gas production at 470 billion cubic metres (Bcm) by the late 2030s, equivalent to about 75% of the expected amount of gas produced by Russia in 2022, according […]
bp has submitted bids for two offshore wind leases in the Netherlands that together have the potential for generating capacity of 1.4 GW. The bids underpin extensive and transformational plans for a series of further […]
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