BP Buying Leading RNG Production Group in $4.1 Billion Deal

Credit to Author: Darrell Proctor| Date: Mon, 17 Oct 2022 15:14:25 +0000

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of renewable natural gas (RNG). BP on Oct. 17 said it was buying Houston, Texas-based Archaea Energy for $3.3 billion in cash, or $26 a share, along with $800 million for […]

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BP Opens Electric Truck Charging Station

Credit to Author: Jennifer Sensiba| Date: Sat, 30 Jul 2022 00:35:24 +0000

In a recent press release, bp announced the opening of its first ultra-rapid charging stations for medium and heavy-duty electric trucks, which will allow companies in the sector to decarbonize more quickly. According to the IEA, tailpipe CO2 emissions have increased on average 2.2% each year since 2000. “With the transition to electric vehicles well […]

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The New bp Statistical Review of World Energy — What Does It Mean?

Credit to Author: Guest Contributor| Date: Fri, 22 Jul 2022 09:50:24 +0000

The bp Statistical Review of World Energy is a venerable survey of the world’s energy production and consumption — the oil giant has been publishing it yearly since 1952. It’s an extremely detailed report — it lists the amounts of energy generated and consumed, as well as the means of generation, for just about every country […]

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Norway Setting Strategy for Offshore Wind

Credit to Author: Darrell Proctor| Date: Fri, 01 Apr 2022 04:13:00 +0000

Offshore wind is big business in the North Sea, with dozens of wind power installations commissioned in the region over the past two decades. Norway, a country that gets 98% of its power from renewable energy

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Europe’s Oil Majors Bought $100 Billion from Russia since Annexation of Crimea

Credit to Author: Guest Contributor| Date: Fri, 01 Apr 2022 15:06:53 +0000

Oil majors cannot be trusted to put ethics before profit, says Transport & Environment: $100bn from Russia since Annexation of Crimea Total, Shell and BP bought $100 billion in Russian oil between 2015 and 2021 following Russia’s annexation of Crimea, new analysis shows. Transport & Environment (T&E), who carried out the study, says Big Oil has shown […]

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Leading an Energy Company in the Aftermath of Russia’s Attack on Ukraine

Credit to Author: Donna Kennedy-Glans| Date: Mon, 07 Mar 2022 16:57:23 +0000

CEOs of energy companies with projects in Russia are facing career-defining leadership moments. What do you do when your corporate investments nearly overnight become politically, economically and socially untenable to your key stakeholders? Within days of Russia’s unprovoked invasion of Ukraine, BP’s Chief Executive Bernard Looney was quick out of the gate to tell the world […]

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Big Oil Profits Should Support the Green Transition in Europe

Credit to Author: Guest Contributor| Date: Fri, 04 Mar 2022 19:40:00 +0000

Spot the contradiction: oil majors with record profits while lower income households struggle to pay their bills. Can Europe act to level the playing field? BP recorded a profit of $12.8bn in 2021 after oil and gas prices surged in the second half of the year. For Shell, profits amounted to $19.3bn and Total Energies, $16bn. On the other hand, […]

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