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bp to axe around 4,700 jobs as part of cost-cutting drive

-Oil major also plans to reduce its contractor workforce by additional 3,000 positions

16.01.2025 General

bp, Abu Dhabi’s XRG form joint venture for gas in Egypt

- New joint venture Arcius Energy 51% owned by bp and 49% by XRG, ADNOC's international investment arm

16.12.2024 Natural Gas Finance

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

bp, Japan's JERA to form global offshore wind joint venture

- Partners to invest up to $5.8 billion in projects committed before 2030

09.12.2024 Renewable

Energy giants pledge $500 million to tackle climate change

- bp, Equinor, Shell, and TotalEnergies committed $500 million at COP29 to enhance global energy access and advance sustainable energy solutions

15.11.2024 Finance

Apollo, bp sign $1B deal for Trans Adriatic Pipeline stake

- Pipeline transports natural gas from bp-operated Shah Deniz gas field in Azerbaijan to markets in Europe such as Greece and Italy

17.09.2024 Natural Gas General

bp, Iberdrola invest in largest green hydrogen plant in Spain

- Project awarded funding of €15 million from the Spanish Recovery, Transformation and Resilience Plan

13.09.2024 General

Shell reports 18.6% profit fall in 2Q24

- Decline in company's second-quarter profit is driven by low prices and sales levels, as well as weak liquefied natural gas (LNG) trading

02.08.2024 Finance

Iraq, bp sign deal for development projects in Kirkuk oil fields

- bp to rehabilitate and develop four oil fields in Iraq's Kirkuk region

01.08.2024 Oil

Energy company bp's Q2 profit beats market expectations

-bp attributes profit increase to average gas marketing and trading results, stronger fuel margins and reduced taxation

30.07.2024 Natural Gas Oil

home > related news

Bp reports almost 46% drop in net profit in 1Q24

-Company earns around $2.7 billion in first quarter this year, compared to $5 billion in same quarter last year

07.05.2024 Oil

bp pulse acquires UK truck stop for Europe-wide EV charging network

Company unveils plan to revamp UK site with mega-watt EV chargers for large goods vehicles, with aim to roll out first phase of chargers by 2026

14.03.2024 Electricity General

Bp's 2.3M tonne capacity LNG vessel arrives at its destination in Africa

- FLNG vessel Gimi is core component of first phase development of Greater Tortue Ahmeyim (GTA) LNG project operated by bp and partners

15.02.2024 Lng/Lpg

Shell predicts over 50% surge in global LNG demand by 2040

LNG demand expected to reach around 625-685 million tonnes a year in 2040, says energy major Shell

14.02.2024 Lng/Lpg

Abu Dhabi’s ADNOC and bp to form new joint venture for gas in Egypt

bp to contribute its interests in three Egyptian development concessions, plus exploration agreements while ADNOC to make proportionate cash contribution

14.02.2024 Natural Gas

Norway's Aker BP reports 5% increase in income for 2023

- Aker BP sees capital spending rise to $5 billion this year from $3.3 billion in 2023

08.02.2024 Oil Finance General

Mubadala Energy makes significant gas discovery in Indonesia

- Well produces over 30 million standard cubic feet per day of gas, company says

20.12.2023 Natural Gas

Petrol Ofisi to buy BP's fuel operations in Türkiye

- Petrol Ofisi to expand its Turkish retail network by 770 stations to more than 2,700 sites upon regulatory approval

16.11.2023 Oil

Türkiye, Algeria expands partnership in energy

- Sonatrach and BOTAS agrees to enhance their commercial relationship and explore new business opportunities

30.10.2023 Lng/Lpg

ADNOC Gas inks $500-700 million LNG agreement with JERA Global Markets

- 'This agreement marks a significant milestone in ADNOC Gas' long-standing strategic partnership with JERA Co., Inc.' says ADNOC's CEO

18.10.2023 Lng/Lpg

Hungary inks deal with UK to develop small modular nuclear reactors

Iran warns US, Israel of forceful response if its nuclear sites targeted

Nuclear set to reach new record in 2025: IEA

Russia claims Ukraine conducted drone strike against Zaporizhzhia Nuclear Power Plant

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Highlights of Türkiye's energy market in 2024

Global coal demand peaks in 2024, to plateau until 2027: IEA

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Spot market natural gas prices for Friday, Dec. 29

Türkiye's LPG production up 12.3% in November 2024

US LNG vessel to arrive in Türkiye on January 31

US LNG carrier set to arrive in Türkiye on Jan. 13

bp begins 1st flow from West African offshore LNG project

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US crude oil inventories down 1% for week ending Dec. 1

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

US oil rig count down by 2 for week ending Aug 16

Scottish government approves £150 million offshore wind fund

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Germany's Enercon and partners to install 2,500 MW of onshore wind in Türkiye

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Türkiye's solar power soars to record heights in 2024: Ember

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Hydro provides majority of Norway's power in January

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Norway's sovereign wealth fund posts record $222B annual profit

EBRD's investments in Türkiye reach record of €2.6 billion last year

Global mining needs $6 trillion over next decade, Saudi minister says

Türkiye's licensed power generation up 4.64% in October

Türkiye's daily power consumption up 14.7% on Dec. 23

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

Global leaders of energy sector to convene at İstanbul Energy Forum

UN weather agency says 2024 on track to be warmest year on record

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

Vitol to invest $550 million in clean cooking technologies in Africa

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Türkiye's LPG production down 6.3% in October

Energy industry steps up global cybersecurity efforts amid growing threats

One out of every four countries sees energy supply shortages among "top 5 risks"

Highlights of global energy market in 2024