BP

The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.

Open Energi’s technology optimizes the energy use of low-carbon assets, including battery storage, hydrogen electrolyzers, and solar farms, connecting the assets to power markets and giving traders access to real-time data. The goal is to provide flexibility at times of low renewable-energy generation and during price peaks.

As a global pandemic continues, the London-based company's annual lookback has found that last year's pain was not shared evenly across the energy spectrum.

The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group.

The new field, which is tied back to the Na Kika platform, is expected to add over 20,000 B/D of new production at peak.

BP said it will remain a member of the American Petroleum Institute after the largest US oil and gas trade lobby group addressed some differences with the British energy company over climate change.

As our industry continues to adapt and evolve to meet the changing needs of our fast-moving world, we see a sizable and growing prize for those who are willing to work and think differently, challenge traditional approaches, forge new working relationships, and act boldly.

BP says its new $1.3-billion Grand Slam electrified oil, gas, and water-handling facility is a clear example of its net-zero strategy in action.

The $2.59-billion deal advances BP’s effort to divest $25 billion of its global proceeds by 2025.

Calgary-based Eavor Technologies has raised $40 million to build out geothermal systems that use horizontal-drilling technology and may someday give abandoned oil and gas fields a second act.