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Thursday, October 17, 2019

Tag: Bp

BP to exit Alaska in US$5.6 bil deal

The sale is part of BP's US$10 billion divestment programme to help the company shore up its balance sheet.

From molecules to electrons; can big oil become big power?

The International Energy Agency predicts regulatory changes to curb carbon emissions will mean demand for electricity will grow much faster than that for oil as Asia's power-hungry middle class expands.

BP and Shell claim to be first in investor returns

Both companies say their methodologies have existed for years, suggesting they aren’t just implemented because they yield convenient results.

BP chief likens US oil sector to ‘market without brain’

Bob Dudley says that unlike Saudi Arabia and Russia, the US shale market responds purely to oil prices.

Russian oil giants offer bright spot in sanction-hit economy

The US administration this month imposed fresh sanctions on Russia over the March poisoning of a former Russian agent and his daughter in the UK.

BP to pay US$10.5 billion for most of BHP’s US shale...

Melbourne-based BHP will also sell its Fayetteville operation to a Merit Energy Co unit for about US$300 million to complete its exit from the shale sector.

BP launches $28bn Azerbaijan gas pipeline

The pipeline bypasses Russia and has been supported by the European Union, which is keen to reduce Europe's energy dependence on Moscow.

BP buys Britain’s largest electric vehicle charging company

The British oil major entered into an agreement to buy Chargemaster, which has more than 6,500 charging points across the UK, according to a statement Thursday.

Cambridge donor BP urges university to keep fossil fuel investments

Many of Cambridge University's students and academics have been pushing the university to reduce its investments in fossil fuels.

Electric vehicles can ‘fill up’ for free at 2 BP stations

The company will install more charging points at BHPetrol service stations to cater to the demand.

BP boss ‘a little saddened’ by Deepwater movie

"They (the management staff) have seen the movie, they are a little bid saddened by it," Dudley said, adding that the film took sides by painting a picture of "heroes and villains".