BP

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.

After a lot of talk of the transition, BP and Total are making bids to become major wind energy producers in the UK. Meanwhile, NOV said the offshore wind sector is becoming a big business for it too.

The floating production unit is making the trek across the Pacific Ocean to its new home in the US Gulf of Mexico.

Oil-to-telecom conglomerate Reliance Industries Limited (RIL) and BP have started production from India’s first ultradeepwater gas project, the first of three such projects in the KG D6 block.

BP agreed 1 year ago to sell its interests to Premier Oil for $625 million. The companies later restructured the deal and BP lowered its cash value to $210 million. The transaction fell through after Premier was taken over by Chrysaor in October 2020.

BP has acquired a majority stake in the largest US carbon offset developer, Finite Carbon, the oil major said, as part of its climate goals and to develop a new revenue stream.

BP was the only operator to place a bid in the Canada-Newfoundland and Labrador Offshore Petroleum Board call for bids, which offered 17 parcels in the eastern Newfoundland region.