BP believes it will still be producing oil and gas in 2050, despite increasing calls for the industry to face the chop.
The oil and gas industry is “not doing enough” to fight climate change, according to the UK Government’s top adviser on the issue.
Success in the ScotWind offshore leasing round for BP will be worth up to £40million annually to the local Aberdeen economy and create up to 120 jobs, the company has claimed.
A number of high-ranking BP executives have held talks with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla amid preparations to begin the Raven project.
BP has started up the second phase of its gas operations in Oman, with the launch of the Ghazeer project.
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.