BP cutting scores of senior leader roles as part of ‘reinvention’, report says
BP will cut its senior leadership team to about 120 positions from 250 in an effort to make the firm more “nimble”, a news report said.
Bernard Looney
BP boss Looney says he ‘would not write off’ risk of peak oil
BP’s new chief executive Bernard Looney revealed he has considered the possibility that peak oil demand could be one of the legacies of the Covid-19 outbreak.
Greenpeace stands ‘good chance’ of challenging BP North Sea permit, director says
Climate activist group Greenpeace has a “good chance” of challenging BP’s North Sea permit for the Vorlich field, according to the organisation’s director.
BP using ‘lessons’ from Deepwater Horizon to weather Covid-19 crisis
Energy giant BP has told investors it is using business lessons from the aftermath of the Deepwater Horizon disaster to weather the current Covid-19 crisis.
Job security ‘is a major concern’ says BP chief, but gives no answer on potential cuts
The chief executive of BP has said “job security is going to be a major concern” amid the Covid-19 pandemic but gave no answers on any potential cuts the energy giant might make.
BP sinks to £3.6bn pre-tax loss as Covid-19 and oil price plummet take effect
Energy giant BP fell to a £3.6billion pre-tax loss in the first quarter of 2020 as the coronavirus and oil price slump made its impact on the business.
Covid-19 crisis a ‘moment to reassess’ for smaller North Sea firms overlooking energy transition, top analyst says
The uncertainty surrounding the coronavirus pandemic could be a “moment to reassess” for many smaller North Sea oil and gas firms overlooking the energy transition, a top energy analyst has said.
BP announces 25% spending cut in response to coronavirus
Energy giant BP has announced a 25% cut in spending in response to the coronavirus outbreak.
BP CEO promises staff jobs are safe for at least three months
BP has promised its employees their jobs are safe over the next three months, while the oil major considers ways to cut costs with crude prices plunging.
BP reassessing 2020 AGM as venue being converted into coronavirus hospital
BP is reassessing the “chosen venue” for its 2020 Annual General Meeting as the planned site is being converted into a coronavirus field hospital.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
We will still be producing North Sea oil in 2050, BP regional president predicts
BP’s UK offshore business remains “vital” to the group, its North Sea boss said at the end of a momentous week for the supermajor, which set out ambitious emissions goals.
BP results wrap: Profits sink but dividend raised as Dudley bows out
Lower oil and gas prices chopped BP’s profits in half during the final year of Bob Dudley’s tenure as chief executive, the firm revealed yesterday.
Greenpeace to challenge BP North Sea drilling permit following judicial review
Climate activist group Greenpeace has been given the legal right to challenge oil giant BP over a North Sea drilling permit on the eve of the firm appointing its new chief executive.
New BP boss reassures investors of commitment to ‘principles’
BP’s incoming chief executive vowed to stick to the “principles” embedded in the company by Bob Dudley.
BP energy transition boss teases ‘more to follow’ on eve of Bernard Looney’s coronation
A BP boss in charge of energy transition efforts has teased “more to follow” on the eve of Bernard Looney’s coronation as chief executive.
Simplification, sales and scope 3: Key priorities for BP’s new CEO
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
BP’s Bernard Looney joins ‘Insta’
It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.
IP Week: defining the industry’s role, delivering a low carbon future
As widely circulated reports of BP’s plans for a major organisation shake-up emerge, the energy industry can only wait in anticipation to hear what Bernard Looney FREng FEI, Incoming Group Chief Executive of BP, has to say. Updates to their climate change strategy are sure to have an impact on other oil and gas major’s policies going forward, especially when paired with the increasing pressure from investors and the wider public.
Zohr continues to rise for Egypt
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.
Updated: BP upstream chief picked for top job at oil giant
BP has picked one of its former North Sea bosses to take over the energy giant’s reins when long-standing chief executive Bob Dudley steps down early next year.
The lowdown on BP’s next chief executive
BP announced today that Bernard Looney will take over the reins at the firm next year. Here's a biography with some of Mr Looney's career highlights:
Ending the stigma over issues of mental health ‘close to heart’ of BP chief
Mental health is a “massive issue” that’s close to Bernard Looney’s heart and one that he feels a “great responsibility” to talk about.