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bp sells 25% of its stake in TANAP to Apollo

- Apollo Funds will invest about $1 billion for non-controlling shareholding in bp Pipelines

21.03.2025 Oil

bp announces $10 billion annual investment plan in oil and gas

- Energy giant to keep annual spending on energy transition initiatives, including renewables, at $1.5-2 billion, a $5 billion reduction from previously announced investment levels

27.02.2025 Natural Gas Oil

bp posts %35.5 drop in profit amid weaker margins, market volatility

- bp net profits drops sharply in 2024 to $8.9 billion, down from $13.8 billion in 2023

11.02.2025 General

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

CNOOC and Shell Announce Major Expansion of Petrochemical Complex in South China

- CNOOC and Shell Petrochemicals Company Limited (CSPC) is expanding in South China to deliver advanced petrochemicals and specialty chemicals by 2028

15.01.2025 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

Shell to explore for oil and natural gas in Bulgarian Black Sea zone

- Bulgaria partners with Shell to explore oil and gas reserves in Black Sea's Block 1-26 Khan Tervel

12.12.2024 Natural Gas Oil

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

Equinor, Shell join to form independent oil and gas company in UK

- New company expected to produce over 140,000 barrels of oil equivalent per day in 2025

05.12.2024 Natural Gas Oil Energy Diplomacy

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TotalEnergies to buy Germany based renewable energy firm VSB Group for $1.65B

- French energy giant also signs deal for sale of 50% of a portfolio of solar and battery energy storage systems projects located in Texas

05.12.2024 Renewable

COP29 pushes for $1 trillion in climate financing for developing nations

- "Falling short on climate investment before 2030 risks compounding costs and intensifying the path to stability in later years," experts warn at COP29

14.11.2024 Finance