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British Petroleum Company plc

bp supplying free fuel for emergency services vehicles and free meals ‎for frontline health workers

1 min read

The FINANCIAL -- bp is launching two initiatives to support essential services and frontline workers as they ‎continue to contend with the coronavirus pandemic, working closely with our partners and ‎suppliers.‎‎ ‎…

bp and Ørsted to create renewable hydrogen partnership in Germany

2 mins read

The FINANCIAL — bp and Ørsted have today signed a Letter of Intent (LOI) to work together to develop a ‎project for industrial-scale production of green hydrogen – a significant step in developing ‎bp’s hydrogen business. Green hydrogen is made by the electrolysis of water using ‎renewable power, producing zero emissions. In their proposed Lingen…

bp plans to cease production at Kwinana Refinery

2 mins read

The FINANCIAL — bp Australia today announced that it will cease fuel production at its Kwinana Refinery and ‎convert it to an import terminal, helping to ensure ongoing security of fuel supply for Western ‎Australia.  The refinery, near Fremantle, has provided fuels for Western Australia for 65 years. However, ‎the continued growth of large-scale, export-oriented…

BP Canada and Equinor made oil discoveries offshore Newfoundland, Canada

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The FINANCIAL — Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes. “We are pleased to have made two discoveries offshore…

bp, Shell, Total, and other leading energy companies formed new partnership – NEP

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The FINANCIAL — bp, Eni, Equinor, National Grid, Shell and Total today confirmed they have formed ‎a new partnership, the Northern Endurance Partnership (NEP), to develop offshore carbon dioxide ‎‎(CO2) transport and storage infrastructure in the UK North Sea, with bp as operator. This ‎infrastructure will serve the proposed Net Zero Teesside (NZT) and Zero…

bp starts gas production from Qattameya field

1 min read

The FINANCIAL — bp today announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.  Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to produce up to 50 million cubic feet of gas per day, has been…

BP cuts dividend and plans to slash oil production by 40%

2 mins read

The FINANCIAL — BP to cut down on oil spending and focus on clean energy as a part of a major strategic overhaul revealed on Tuesday, together with a major second quarter loss and dividend cut. BP introduced a new strategy that will reshape its business as it pivots from being an international oil company focused on…