BP

BP puts UK North Sea oil and gas assets up for sale as CEO pushes overhaul

BP wants to sell its British oil and gas fields in ‌the North Sea as new Chief Executive Officer Meg O'Neill accelerates a sweeping portfolio overhaul aimed at improving profitability.…

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BP says it makes biggest oil and gas find in 25 years

Energy giant BP says it has made its largest oil and gas discovery this century as it shifts its focus away from renewable energy and back to fossil fuels. The…

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BP, Shell to study hydrocarbon potential at three Libyan oilfields

Oil Majors BP and Shell agreed with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said in a statement. Libya,…

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BP begins search for new CEO with no clear front-runner

By Dmitry Zhdannikov and Ron Bousso LONDON, (Reuters) - BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to…

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BP exit opens new front in West’s campaign against Russia

Feb 28 (Reuters) - BP opened a new front in the West's campaign to isolate Russia's economy by deciding to exit its Russian oil and gas investments, the most aggressive move yet…

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As queues form at gas stations, Britain vows to solve trucker shortage

LONDON, Sept 24 (Reuters) - Britain on Friday vowed to do whatever it takes to resolve a trucker shortage that has closed petrol stations and strained supermarket supply chains to…

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Eni, BP in talks over oil and gas assets in Algeria

BP and Eni are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling…

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Fossil fuel demand to take historic knock amid COVID-19 scars -BP

Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global…

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BP to sell petrochemicals unit to Ineos for $5 billion

UK oil major BP said on Monday it would sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion. "With today's announcement, we have met our $15…

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BP to write off up to $17.5 billion after reduced oil price forecast

BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in expectation of an accelerated transition…

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