In a significant move to advance green hydrogen development, BP has partnered with Masdar, Hassan Allam Utilities, and Infinity Power in a Joint Development Agreement (JDA) for a multi-phase green hydrogen project in Egypt. This collaboration aims to harness Egypt’s vast renewable resources to create a major green hydrogen production hub focused on global exports. […]
British multinational oil and gas company, bp plc, has agreed to acquire Bunge Ltd.’s 50% interest in their joint venture, bp Bunge Bioenergia S.A., for an enterprise value of approximately $1.4 billion. This acquisition will position bp as the sole owner of one of Brazil’s leading biofuels-producing companies, significantly enhancing its industrial-scale sugarcane and ethanol […]
bp’s subsidiary, Archaea Energy, has officially launched its most substantial renewable natural gas (RNG) plant yet in Shawnee, Kansas, marking a significant advancement in the company’s commitment to sustainable energy solutions. Located near Kansas City and adjacent to a privately-owned landfill, this fully-owned facility stands out as a pioneering project in RNG production. Transforming Landfill […]
In a significant move aimed at enhancing operational efficiency and focusing on strategic priorities, BP has announced a major overhaul of its organizational structure. This reorganization is designed to simplify the company, reduce complexity, and support the delivery of BP’s strategic objectives outlined in February 2024. Under the new structure, BP will maintain its three […]
bp, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the commencement of oil production from the Azeri Central East (ACE) platform, marking a significant expansion in the Azerbaijan sector of the Caspian Sea. The ACE platform, representing a $6 billion investment, is the latest addition to the giant ACG field, which first started […]
The Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, a pioneering venture positioned on the maritime border of Mauritania and Senegal, has reached a significant milestone with the arrival of the floating liquefied natural gas (FLNG) vessel, Gimi, at its designated location. Operated by bp in collaboration with partners Kosmos Energy, PETROSEN, and SMH, […]
In a landmark move set to redefine the energy sector in Egypt, Abu Dhabi National Oil Company (ADNOC) and British petroleum giant bp have announced the formation of a new joint venture (JV), signaling a significant shift towards enhancing Egyptian energy security and fostering regional economic potential. This JV, owned 51% by bp and 49% […]
Technip Energies has been awarded a crucial Front-End Engineering Design (FEED) contract for the Viking Carbon Capture and Storage (CCS) project. This initiative, led by Harbour Energy in partnership with bp, is set to revolutionize the UK’s approach to reducing carbon emissions. Situated in the Humber region, the UK’s most industrialized area and largest source […]
In a significant step towards ensuring the UK’s energy security and supporting the domestic economy, the North Sea Transition Authority (NSTA) has offered 24 new licenses to 17 companies as part of the second tranche of the 33rd oil and gas licensing round. This move, announced on January 31, 2024, sees industry giants such as […]
In a move that significantly expands its presence in the European power and gas commercial and industrial (C&I) supply market, bp has agreed to acquire GETEC ENERGIE GmbH, a leading independent energy supplier in Germany. This strategic acquisition is aligned with bp’s goal to become an integrated energy company focused on delivering comprehensive energy solutions […]