Watch: Boris Johnson says UK has to keep North Sea oil and gas flowing
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
BP News
BP News
BP to review investment plans following windfall tax, Shell eyes relief
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Big Oil has reacted to the news that Chancellor Rishi Sunak has finally opted to plough ahead with a windfall tax on North Sea profits.
BP sends congratulations to the Queen as she marks Platinum Jubilee
Energy giant BP has sent congratulations to the Queen as she marks her Platinum Jubilee.
BP hires Shearwater for UK CCUS project
Shearwater Geoservices has landed a contract with BP for work for the East Coast CCUS cluster in the UK to scope out storage sites.
BP picks Petrofac for GTA offshore work
BP has chosen Petrofac to carry out work at the Greater Tortue Ahmeyim (GTA) LNG project as the service company scales up its African presence.
Fake BP and Shell billboards appear across Aberdeen ahead of oil conference
A series of fake adverts have appeared on billboards and bus stops across Aberdeen.
Latest Energy Sector News
A bird in the hand: How falcons are assisting North Sea decom
J+S Subsea expands on offering its recycled North Sea treasure trove
Elemental Energies and Archer team up for decom JV
Deltic contemplates Selene stake farm down to reach FID
Wressle planning ‘formally rescinded’ as Shell and Equinor go to court
Bristow to add four new AW189 helicopters to North Sea fleet
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BP sees strong trading performance in first quarter
BP (LON: BP) expects to report a strong performance from its trading business for the first quarter, with a notable improvement in results from buying and selling oil.
Table: The 20 firms commanding the UK’s North Sea oil and gas hubs
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
Exxon on track with UK refinery expansion just as others shut capacity
The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. (NYSE:XOM) will be available in the first quarter of 2025.
Former BP, Shell worker now world’s oldest living man
A former BP and Shell worker has been recognised as the world's oldest living man by Guinness World Records.
World’s oil and gas firms linked to 40% of CO2 emissions since 2016
A new report has revealed the world's oil and gas firms have contributed to more than 40% of global carbon dioxide (CO2) emissions since the Paris climate agreements.
Shareholder advisory firms support BP handling of Looney sacking
Two major shareholder advisor firms have endorsed BP's (LON:BP) handling of the departure of former chief executive officer Bernard Looney.
Aberdeen’s ASCO lands trio of contracts worth more than £20 million
Aberdeen-headquartered ASCO has been awarded three contracts with energy industry heavy hitters with a combined value of over £20 million.
Pictures: Ocean GreatWhite mega-rig back at Kishorn after BP West of Shetland incident
The Ocean GreatWhite, the world's largest semisubmersible oil rig, is back to Kishorn after an equipment collapse incident in the West of Shetland.
UK North Sea league table sees shift in top producers
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
BP, Adnoc suspend $2bn Israel gas deal as war rages
BP and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region.
‘Dejected’ engineers fear for job security as BP looks to India
UK and US engineers are concerned over the long-term implications of BP’s recruitment drive for over 1,000 new staff in India in the coming years.
Ocean GreatWhite to return to port after West of Shetland kit loss
Diamond Drilling’s Ocean GreatWhite rig will return to port in the coming days for the first time after drilling equipment collapsed during a storm in early February.
New BP CEO Murray Auchincloss received £8m in 2023
Newly appointed BP chief executive officer Murray Auchincloss took home just over £8m in pay in 2023, including £6.5m in bonuses.
Artificial intelligence set to play ‘crucial role’ in future energy systems
Artificial intelligence (AI) experts say the emerging technology will play a "crucial role" in future energy systems, emerging as a new frontier in the energy transition.
Kent signs five-year global commissioning deal with BP
Kent has signed a five-year commissioning framework agreement with BP which will see it support a range of global projects.
Drax to explore Viking carbon transport options with Harbour, BP
Drax is to explore a tie-up with the developers of the Viking carbon capture and storage (CCS) project which could see an additional route for sequestering biomass emissions.
Big Oil pay packets still push execs to boost fossil fuel production – report
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
Diamond Offshore to take $20m hit after kit collapse incident at BP Shetland project
Diamond Offshore (NYSE: DO) stands to lose more than $24m in revenues after a drilling kit collapse incident on a BP project in the West of Shetland.
BP to Invest $1.5bn in Egypt as country’s gas output falls
BP plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country.
EnQuest and Aberdeen BP schemes win share of UK government’s £21m hydrogen pot
Low carbon hydrogen projects from North Sea operators EnQuest and BP are among seven UK projects set to share in £21 million of government support.
BP activist investor sees signs of oil-strategy shift but wants bolder action
BP is showing signs of a pivot back toward oil and gas that should boost returns, but is doing it too quietly to benefit its share price, according to activist investor Bluebell Capital Partners.
BP files for “maximum” damages from McDermott
McDermott International faces a claim for “maximum recoverable damages” linked to its failure to complete a contract for BP offshore Mauritania and Senegal.
Husband snooping on wife’s BP M&A work gets insider trading charge
A Texas man made almost $2 million by illegally trading on his wife’s conversations with her BP Plc (LON:BP) colleagues, according to the US Securities and Exchange Commission in its latest case about couples eavesdropping while working from home.
‘Worry’ over BP Aberdeen Hydrogen Hub delay
The BP Aberdeen Hydrogen Hub was initially set to be sanctioned in "early 2023".
Allseas completes pipe work for BP LNG project offshore Africa
Allseas has completed the infield pipelay scope for BP’s LNG project offshore Mauritania and Senegal.
