BP

The supermajor says it aims to start appraisal activities in 2027 and is evaluating development possibilities for the deepwater find offshore Brazil, which is the company’s largest discovery in 25 years.

The report from the Oil and Gas Climate Initiative presents data showing that its 12 member companies have reduced aggregate upstream methane intensity by 62%, routine flaring by 72%, and carbon intensity by 24% since 2017.

BP’s most recent discovery in Namibia is the eleventh globally in 2025 since the UK major refocused its investments strategy back to its core oil and gas businesses.

BP’s new electric gas compression platform at Shah Deniz, Azerbaijan’s largest natural gas producer, is expected to sustain exports to Europe even as the field enters decline.

ExxonMobil joins BP, Chevron, and TotalEnergies in greenlighting new investment projects in Iraq in 2025 as the government targets oil production of 6 million B/D by 2029.

Two new wells add 15,000 BOE/D of peak capacity to the London-based supermajor's North Sea production profile.

Updates about global exploration and production activities and developments.

The experience captured in this paper illustrates the potential of deepwater riserless wireline subsea intervention capability and the fact that it can be expanded beyond hydraulic-only, simple mechanical, and plugging-and-abandonment scopes.

The $5-billion Tiber-Guadalupe project in the Gulf of America is BP's second major project in the region to be sanctioned in 2 years.

The supermajor’s Energy Outlook 2025 suggests geopolitical fragmentation could tilt the balance of the energy trilemma toward energy security and away from sustainability.