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...Browne transformed BP from a sluggish “two pipeline company” in the 1980s into an aggressive, multinational oil major. As the company expanded, Browne’s star rose....
...“We’re taking a wait-and-see approach because we need to gain confidence in a multiyear, multi-project pipeline of demand,” Irwin said....
...In two years BP has gone from having no offshore wind projects to a pipeline of more than 10 gigawatts....
...The company now operates in 19 countries and has developed projects with a total capacity of 8.4GW, with more than 55GW in the pipeline....
...Solar accounted for 28.5GW of BP’s renewables pipeline as of September 2023, compared to 6.1GW for onshore wind and 9.3GW for offshore wind....
...Research by the 25x25 initiative, which is backed by companies including Unilever, BP and Morgan Stanley International, found that women account for only 19 per cent of FTSE 100 divisional heads — the position...
...Galp’s participation marks another escalation in a row that has run for nearly a year in a market that has grown in importance since the Ukraine war as Europe has sought to replace gas from Russia through pipelines...
...Earlier this month Net Zero Teesside Power said that it had picked contractors for its planned carbon capture-fitted power station being developed by BP and Equinor....
...Anja-Isabel Dotzenrath, BP’s head of gas and low carbon energy, described the award as a “huge milestone” for the company’s plans in Germany, while the award increases BP’s offshore wind pipeline from 5.2GW...
...(Christine Murray) Power Points Activist investor Bluebell Capital Partners has called on BP to ditch its commitment to cut oil and gas output. Read this FT scoop for the full details....
...It increases BP’s offshore wind pipeline from 5.2GW to 9.2GW globally, an increase of more than 70 per cent. The target is for grid connection by the end of 2030....
...Its share price has fallen by just over 20 per cent since March 27 (the pipeline closed two days earlier)....
...BP, which dialled back its own climate targets last year, touted the potential to grow its oil and gas operations in the US’s Permian Basin at the conference....
...News that the Israeli government awarded a further 12 exploration licences over the weekend, to operators including Italy’s Eni, and BP, underscores its growth ambitions....
...A combined entity would be comparable to BP, which sold 19mn tonnes last year....
...BP, on which 2 per cent of entrants went long, declined by 2 per cent in the year....
...Aberdeen’s Net Zero Technology Centre (NZTC), chaired by BP’s former UK head of country Peter Mather, last week proposed a new pipeline that would carry hydrogen from Scotland to Europe....
...A report published last year by the Hydrogen Council, whose members include BP, Shell, BMW, and McKinsey, suggested that 400mn tonnes out of the predicted 660mn tonnes of hydrogen needed by 2050 to meet...
...It can be indicative of a lack of imagination, an inadequate talent pipeline, poor succession planning, risk aversion or a manifestation of a panicked leadership....
...Unlike European rivals such as Shell and BP, however, it has avoided any shift into renewable energy....
...For oil and gas companies, repurposing pipelines and depleted reservoirs to transport and store CO₂ emitted by power plants and heavy industry is attractive....
...Separately on Monday, BP announced it had started production at a new field in the North Sea called Seagull, which will produce 50,000 barrels of oil equivalent a day once fully ramped up....
...Since 2020 China has increased domestic gas production by 14%, pipeline gas imports by 33%, gas storage by 35% and regasification capacity by 19%, affording it greater flexibility over when it buys LNG and...
...Analysts predict that a tie-up between Shell and BP could be next, while cautioning there were a number of severe obstacles to any deal....
...In 2006, a damaged BP pipeline caused one of the largest oil spills in Alaska’s history and, in 2010, it was behind the Deepwater Horizon disaster, unleashing the largest oil spill in history....
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