New Delhi: UK supermajor BP plc chief executive Bob Dudley on Monday said there are 100 trillion cubic feet of yet-to-be-discovered natural gas reserves in India that would be enough to meet half of the nation’s gas demand till 2050. BP in partnership with Reliance Industries is investing about USD 5 billion to bring about […]
BP Names Next CEO as Zero-Carbon Era Looms
Bernard Looney will lead the oil supermajor into an era of unprecedented change for the energy industry, and he knows it. Bob Dudley will retire next year after a 40-year career at BP, and on Friday the oil and gas supermajor named his successor as CEO. Bernard Looney, currently head of BP’s upstream business, will […]
BP’s Chinese EV chargers and circular football pitches: The sustainability success stories of the week
As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe. Published every week, the new series charts how businesses and sustainability professionals are working to achieve their ‘Mission Possible’ across the campaign’s five key pillars – energy, […]
BP’s Chief Executive (Upstream) Bernard Looney said large untapped solar and wind resources with a potential to be utilised at a cost which is increasingly competitive with hydrocarbons
BP, Reliance investing USD 5 billion in KG-D6 to produce 1 bcf of gas Besides MJ, four deepsea satellite gas discoveries — D-2, 6, 19 and 22 — are planned to be developed together with D29 and D30 finds on the block. These six fields are called Satellite development. British energy giant BP plc and […]
NEXT Renewable Fuels and BP Products North America Enter into Renewable Feedstock Supply Agreement
HOUSTON: NEXT Renewable Fuels, Inc (NEXT) and BP Products North America Inc. (BP) have entered into a long-term Feedstock Supply Agreement whereby NEXT will purchase approximately 2 million metric tons (13.2 million barrels) per year of renewable feedstocks for NEXT’s planned Port Westward, Oregon renewable diesel facility. Under the Agreement, BP will supply used cooking […]
BP faces investor push to beef up fight against climate change
After BP’s 2018 carbon emissions rose to their highest in six years, the London-based major is being lobbied by activists LONDON: BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to […]
BP and McKinsey Agree Renewables to Be the Dominant Power Source by 2040, Diverge on Numbers
How much of the global power mix will come from renewables in future? Opinions differ. Consulting company McKinsey & Company and global oil major British Petroleum both recently released 2019 outlooks for the global energy sector, and though both forecast that renewables will grow markedly in the coming years, the results present sharply divergent understandings […]
In 2040, coal to account for two-thirds of power generation in India: Spencer Dale, BP
Talking to ET Now, Spencer Dale, Group Chief Economist, BP, says the share of renewable energy, especially solar energy is going up exponentially and share of coal to come down from three quarters to two-thirds by 2040. Edited excerpts: The BP Energy Outlook exploring the forces shaping the global energy transition out to 2040 has […]
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 […]