Following low profits for Q3 2024, oil giant BP has divested investments from 18 of its early-stage hydrogen projects, as TechCrunch reported. Despite the gas' versatility and clean-energy potential, ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to boost ...

BP has announced it will sell its entire onshore wind energy business in the United States to American firm LS Power, marking a major step in its shift away from renewables and back toward oil and gas ...

BP is experiencing a CEO change and increasing its clean energy push in Europe. The company plans to invest up to $11 billion in green and new energy assets in Germany. Rising oil prices are expected ...

BP has pulled out of building a hydrogen plant on Teesside following a row over whether the site would be better suited to housing a data centre instead. A government decision on whether the plant at ...

BP has reversed its commitment to cut oil and gas production by 40% by 2030. The energy transition remains challenged by economic realities, prompting BP and other major oil companies to scale down ...

BP plc’s BP latest annual Energy Outlook presents a comprehensive analysis of the global energy landscape, charting two primary scenarios — Current Trajectory and Net Zero. Both scenarios predict ...

The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP Exploration, further strengthening the ...

BP (NYSE:BP) is scaling back its energy transition strategy and will drop its ambitious target of cutting oil and gas production by 2030, with plans to raise its output instead, sources with knowledge ...

BP, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said the ...