Big oil companies have long touted hydrogen energy as a way to reduce carbon emissions. Now they are grappling with how to make that a reality. BP PLC, Royal Dutch Shell PLC and TotalEnergies SE are all pursuing multimillion-dollar hydrogen projects, often with government support, as they seek to redefine their future role in a […]
BP invests $220 million in U.S. solar development projects
The deal, for assets with a production capacity of 9 gigawatts, marks BP’s first independent investment in solar since buying a stake in Europe’s largest solar developer, Lightsource, in 2017. Energy major BP Plc on Tuesday boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy. The […]
Australia backs BP’s study to produce hydrogen from wind, solar
The Australian Renewable Energy Agency said on Friday it would provide A$1.7 million ($1.1 million) toward the A$4.4 million feasibility study, part of a push by the government to make the country a major producer of hydrogen by 2030 MELBOURNE: BP Plc has won Australian government backing for a feasibility study into producing hydrogen using […]
Electric vehicles not to be a gamechanger for global oil demand: BP
The global energy major’s statement comes at a time when India is planning to cut its crude imports by 10 per cent by 2022 Despite a huge push for domestic crude oil production, India is going to be mainly import- dependent at least till 2040 with demand set to increase from 4 million barrels per […]
