The uncertainty surrounding the coronavirus pandemic could be a “moment to reassess” for many smaller North Sea oil and gas firms overlooking the energy transition, a top energy analyst has said.
Energy giant BP has announced a 25% cut in spending in response to the coronavirus outbreak.
BP has promised its employees their jobs are safe over the next three months, while the oil major considers ways to cut costs with crude prices plunging.
BP is reassessing the “chosen venue” for its 2020 Annual General Meeting as the planned site is being converted into a coronavirus field hospital.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
BP’s UK offshore business remains “vital” to the group, its North Sea boss said at the end of a momentous week for the supermajor, which set out ambitious emissions goals.
Lower oil and gas prices chopped BP’s profits in half during the final year of Bob Dudley’s tenure as chief executive, the firm revealed yesterday.
Climate activist group Greenpeace has been given the legal right to challenge oil giant BP over a North Sea drilling permit on the eve of the firm appointing its new chief executive.
BP’s incoming chief executive vowed to stick to the “principles” embedded in the company by Bob Dudley.
A BP boss in charge of energy transition efforts has teased “more to follow” on the eve of Bernard Looney’s coronation as chief executive.
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.
As widely circulated reports of BP’s plans for a major organisation shake-up emerge, the energy industry can only wait in anticipation to hear what Bernard Looney FREng FEI, Incoming Group Chief Executive of BP, has to say. Updates to their climate change strategy are sure to have an impact on other oil and gas major’s policies going forward, especially when paired with the increasing pressure from investors and the wider public.
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.
BP has picked one of its former North Sea bosses to take over the energy giant’s reins when long-standing chief executive Bob Dudley steps down early next year.
BP announced today that Bernard Looney will take over the reins at the firm next year. Here's a biography with some of Mr Looney's career highlights:
Mental health is a “massive issue” that’s close to Bernard Looney’s heart and one that he feels a “great responsibility” to talk about.