BP boss says UK windfall tax would challenge energy investment
A windfall tax could crimp investment in the UK’s energy system, said the chief executive of BP.
BP
CCS plans hit ‘important milestone’ as BP and Equinor awarded carbon storage licenses
The industry regulator has dished out two carbon storage licenses, taking the total number of permits in place in the UK to six.
BP bids to build two offshore wind farms in the Netherlands
Oil giant BP (LON: BP) has continued its rampant expansion into offshore wind with the submission of bids for a pair of leases in the Netherlands.
‘This shouldn’t be acceptable’: Supply chain leaders warn Scotwind buildout will go abroad without cohesive strategy
Offshore wind sector suppliers have called on the industry to work together to secure opportunities for the domestic supply chain, and criticised projects for which work has already been sent abroad.
BP, Orsted and RGU in attendance at inaugural meeting of new green jobs taskforce
Efforts to drive green job creation in the UK have “stepped up a gear” after a dedicated taskforce held its inaugural meeting.
Subsea 7 scoops contract with BP for work offshore Trinidad and Tobago
Energy services giant Subsea 7 has bagged a multi-million pound contract for work in the Caribbean.
Orcadian Energy floats North Sea electrification plan to shave £1.6bn off costs
North Sea firm Orcadian Energy has shared its electrification blueprint for axing operational oil and gas emissions by up to 80%.
Heerema signs agreement with Equinor and BP for US east coast wind work
Heerema Marine Contractors (HMC) has been selected as a strategic supplier to the Equinor-BP joint venture developing the Empire and Beacon Wind projects off the east coast of the US.
Royal Navy, BP, Ørsted execs among appointees to new Global Underwater Hub board
The Global Underwater Hub (GUH) has announced the makeup of its new ten-strong board, drawing on talent from across the energy and marine sectors.
Boris Johnson urges oil majors Shell, BP to invest in renewables
Boris Johnson urged the oil majors BP and Shell to invest “massively” in renewables to shore up the UK’s energy security, as soaring prices squeeze household budgets.
OPRED green lights decommissioning plans for Foinaven FPSO
Proposals to decommission the Foinaven floating production storage and offloading (FPSO) vessel have been approved by government.
Oil giants put contracts up for grabs on a series of West of Shetland wells
Operators are cracking on with decommissioning with numerous wells in line to be plugged and abandoned (P&A) in the coming months, particularly West of Shetland.
Windfall Tax: North Sea firms to invest up to £250bn by 2030, says trade body
The leading offshore UK trade body has claimed North Sea firms could spend up to £250 billion domestically by 2030, “far greater” than any sum to be raised through a windfall tax.
BP announces £18 billion investment for UK with North Sea at its heart
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
BP reports underlying profits of £4.9bn despite impact of Rosneft exit
“Exceptional” oil and gas trading meant BP (LON:BP) raked in healthy profits in the first three months of 2022.
US offshore wind takes a Bight of the Big Apple
After a decade of languishing in the doldrums, the US offshore wind industry is picking up steam as it races to meet new installation targets set by the Biden administration.
Gulf of Mexico oil drilling makes too-little, too-late comeback
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
BP, Shell to count cost of Russian exit but record cash flow set to continue
Next week will see supermajors BP and Shell publish results for one of the most turbulent quarters in recent memory, as they each look to reconcile continued bumper cash flows with the write-down of Russian investments.
BP confirms Tangguh LNG restart in Indonesia
BP (LON:BP) has restarted its second liquefied natural gas (LNG) export train at the Tangguh complex in Indonesia following a shutdown due to mechanical irregularities. The Tangguh Train 2 plant has a processing capacity of 3.8 million tonnes per year of LNG.
BP sells 5% stake in Serica Energy for £49.3 million
BP has sold its 5% stake in North Sea operator Serica Energy (LON: SQZ) for £49.3 million.
Union laments ScotWind supply chain commitments with billions set to go overseas
There are concerns that the rest of the world could again reap the lion’s share of the benefits from Scotland’s renewables boom.
ScotWind pledges ranked: SSE, BP and Shell lead the way as winners set out billions for Scotland’s supply chain
Offshore wind developers have set out their intention to invest billions in Scotland’s supply chain in the coming years.
Woodside eyes Browse and East Timor’s Sunrise gas as war in Europe tightens energy markets
Liquefied natural gas (LNG) developer Woodside (ASX:WPL) is considering new investment opportunities, including the Browse and Greater Sunrise fields, on expectations that new supply will be needed to alleviate global energy market tightness.
Siccar Point enjoys $359m boost from BP Schiehallion field
Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.
China energy giants in talks for Shell’s Russian gas stake
China’s key state-run energy companies are in talks with Shell to buy its stake in a major Russian gas export project, according to people with knowledge of the matter.