BP
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Four top oil executives will appear before the House Oversight Committee this week in a landmark moment for environmental activists who have spent years calling for investigations of the industry.
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BP boss is joined by ADNOC chief and India's oil minister in urging increased investment in everything from storage to fuel diversification.
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Tract is turned back by BP after operator fails to meet drilling obligation.
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Environmental permit will allow work on the $12-billion project to begin on site.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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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.
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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.
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group.
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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.
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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.