In the strategy reset at the end of February, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 ...

Lund joined the board of BP in 2018 and was elected chairman a year later. Get the latest oil and gas industry and decarbonisation news. Subscribe to Upstream today. During his tenure, he oversaw ...

SINGAPORE: Four crew members of a Dutch dredger that hit a bunker vessel in June 2024, resulting in a massive oil spill in Singapore, were fined on Wednesday (Apr 2) for failing to discharge their ...

BP is shutting its low-carbon mobility team in the energy major’s latest retreat from its five-year-old attempt to diversify away from oil and gas. The unit was responsible for developing ...

At the height of the spill, an oil slick spread over 685 square miles (1,776 square kilometers), twice the size of New York City. Nigerian regulators later fined the subsidiary Shell Nigeria ...

The decision aligns with BP’s recent strategy reset, which involves increasing investment in oil and gas while scaling back spending on renewables. The final investment decision (FID ...

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...

(Bloomberg) — BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management. Lund was ...

Could BP’s share price be set to reverse its decline of the past year with a huge new oil deal in Iraq? I took a deep dive into the numbers to find out. When investing, your capital is at risk.

At the height of the spill, an oil slick spread over 685 square miles, twice the size of New York City. Nigerian regulators later fined the subsidiary Shell Nigeria Exploration and Production ...

The Johor Port Authority has informed MPA that the oil leak at Langsat Terminal has stopped and that the spill clean-up is ongoing. An oil patch caused by the leak was sighted in the eastern Johor ...