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Latest Articles in bp

BP Sets Up New Digital Hub In Pune

The new Digital Hub is expected to be operational by July 2021, with an initial headcount of up to 100 digital engineering, data, information security and design specialists

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Reliance, BP Start Up Second Deepwater Gas Field In KG-D6 Block

The field is located about 60 km from the existing onshore terminal at Kakinada, in Andhra Pradesh in water depths of up to 1,850 meters.

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BP, Infosys Ink Pact, To Develop Integrated Energy-As-A- Service Offering

bp's integrated energy offer draws on technologies and businesses in solar and wind together with gas for power, fuels, electric vehicle charging, battery swapping and advanced mobility solutions

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BP Sinks To First Loss In A Decade On Pandemic Hit

BP's debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak environment, but the company said it remained on track to reduce it to $35 billion by early 2021.

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Reliance And BP Announce First Gas From Asia’s Deepest Project

RIL and bp are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet ~15% of India’s gas demand by 2023.

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Reliance, bp begin production from Asia's deepest gas project

Reliance, bp begin production from Asia's deepest gas project

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Oil Majors Begin Offshore Evacuations As Storms Take Aim At Gulf Of Mexico

The tropical cyclones churning toward the Gulf of Mexico could both could make landfall as hurricanes next week, an extremely rare event that could cause massive disruption from Texas to the Florida Panhandle.

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BP's Green Energy Targets Will Be Tough To Meet

Global renewable capacity is just over 2,500 GW, according to the International Renewable Energy Agency, but that is expected to grow rapidly as countries seek to lower emissions to meet targets set under the 2015 Paris Climate agreement.

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BP Poised To Sell 'Stranded Assets' Even If Oil Prices Rally

BP also raised its target this week for returns from asset sales to $25 billion between 2020 and 2025, of which about $12 billion has already been lined up.

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BP Halves Dividend After Record Loss In Second Quarter

The net loss, which was in line with analysts' expectations, was largely a result of BP's decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts.

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Petroleum major BP to set up new global service centre in Pune, Petroleum Minister Pradhan welcomes move

Petroleum major BP to set up new global service centre in Pune, Petroleum Minister Pradhan welcomes move

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BP Hikes Debt, Keeps Dividend As Coronavirus Hammers Profits

BP shares were down 2% at 0750 GMT, as analysts questioned whether sticking with the dividend and hiking debt was a prudent strategy.

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BP Boosts Dividend Despite Profit Fall As CEO Dudley Bows Out

BP increased its dividend by 2.4% to 10.5 cents per share, the second increase since the BHP acquisition.

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Reliance And BP Move Forward With Indian Fuels Partnership

"The new venture, further development of RIL and BP's longstanding partnership, will include an India-wide fuels retail service station network and aviation fuel marketing business," according to a joint statement.

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BP 2nd Quarter Profit Of $ 2.8 Billion Above Expectations

BP's underlying replacement cost profit, the company's definition of net income, exceeded a forecast of $2.46 billion, according to a company-provided survey of analysts.

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