Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
Big Oil has reacted to the news that Chancellor Rishi Sunak has finally opted to plough ahead with a windfall tax on North Sea profits.
Energy giant BP has sent congratulations to the Queen as she marks her Platinum Jubilee.
Shearwater Geoservices has landed a contract with BP for work for the East Coast CCUS cluster in the UK to scope out storage sites.
BP has chosen Petrofac to carry out work at the Greater Tortue Ahmeyim (GTA) LNG project as the service company scales up its African presence.
A series of fake adverts have appeared on billboards and bus stops across Aberdeen.
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Drax is to explore a tie-up with the developers of the Viking carbon capture and storage (CCS) project which could see an additional route for sequestering biomass emissions.
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
Diamond Offshore (NYSE: DO) stands to lose more than $24m in revenues after a drilling kit collapse incident on a BP project in the West of Shetland.
BP plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country.
Low carbon hydrogen projects from North Sea operators EnQuest and BP are among seven UK projects set to share in £21 million of government support.
BP is showing signs of a pivot back toward oil and gas that should boost returns, but is doing it too quietly to benefit its share price, according to activist investor Bluebell Capital Partners.
McDermott International faces a claim for “maximum recoverable damages” linked to its failure to complete a contract for BP offshore Mauritania and Senegal.
A Texas man made almost $2 million by illegally trading on his wife’s conversations with her BP Plc (LON:BP) colleagues, according to the US Securities and Exchange Commission in its latest case about couples eavesdropping while working from home.
The BP Aberdeen Hydrogen Hub was initially set to be sanctioned in "early 2023".
Allseas has completed the infield pipelay scope for BP’s LNG project offshore Mauritania and Senegal.
"Building on our long-standing strategic partnership with BP, Adnoc looks forward to continue exploring other opportunities as we collectively seek to decarbonise our operations and lead a just and equitable energy transition.”
Banff and Buchan MP David Duguid failed to declare his wife’s £50,000 shares in BP while speaking in three debates about the windfall tax, a parliamentary watchdog has ruled.
Keir Starmer was up in Aberdeen recently but did he listen to the industry?
Diamond Offshore Drilling announced a brace of contract wins, including work for Serica in the North Sea and a BP subsidiary in the Gulf of Mexico.
Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come.
The Equinor CEO said he had regular discussions with turbine makers on improving costs. “I’m sure that in time offshore wind will be back with lowering the levelised cost of energy.”
BP will step back from acquisitions in the coming years as it weighs ‘big decisions’ over new project sanctions, CEO Murray Auchincloss told investors.
The Ocean GreatWhite was working for BP around 125 miles west of the Shetland Islands.
BP will up its buybacks as fourth quarter earnings beat analyst estimates, while profits returned to pre-2022 levels.
Diamond Offshore Drilling Inc. said equipment on a rig under lease to BP Plc (LON:BP) accidentally broke free during a storm and sank to the bottom off the UK coast. No one was injured and no crude leaked into the ocean.
17 companies scooped licence offers in the latest tranche of awards as part of the 33rd round, with plans for some prospects already in the works.
UK-based supermajor, BP (LON: BP), has named Kate Thomson its new chief financial officer as it welcomes her to its board.
The developers behind the Viking carbon capture and storage (CCS) project have awarded a front end engineering and design (FEED) contract to French firm Technip Energies.
TotalEnergies and BP were identified as amongst the highest risk developers given their substantial project pipelines but “limited or no operational capacity.”
An activist investor fund is reportedly urging BP (LON:BP) to abandon its commitments to reduce oil and gas output and other parts of its clean energy strategy.