BP is set to ramp up U.S. natural gas production in its onshore shale operations following the recent rise in domestic gas ...

bp plc discovered gas at the El Fayoum-5 well at the North Alexandria Offshore Concession in Egypt’s West Nile Delta. El Fayoum-5 encountered four prospective gas reservoirs. The discovery will ...

BP will boost investment in oil and gas while walking back a push for more renewable output, the British oil and gas multinational announced on Wednesday. The firm said it would increase oil and ...

BP has reversed its ambitious plan to transition into a green energy company, announcing a sharp increase in oil and gas investments while significantly cutting its renewables spending.

BP's strategy overhaul sees it investing $10 billion in oil and gas annually, and shelving its climate targets. To the dismay of environmentalists, the group will cut cleaner energy investment by more ...

BP is expected to announce this week that it is shifting its focus back to oil and gas, ditching a target to boost renewable energy capacity generation 20-fold by 2030, sources familiar with the ...

Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production LONDON -- British energy company BP confirmed Wednesday that it would slash ...

BP has started production from phase two of its Raven gas field offshore Egypt, just a week or so after the supermajor made a new gas discovery in nearby acreage. The Raven scheme involves the ...

Feb. 26 (UPI) --BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as part of the company's reset after recent lackluster economic performance.

LONDON – BP slashed planned investment in renewable energy and said on Feb 26 that it would increase annual oil and gas spending to US$10 billion (S$13.4 billion), in a major strategy shift ...

BUT THIS HAS PEOPLE AT THE PUMP CONCERNED NOT ONLY ABOUT THE PRICE OF GAS, BUT THE COST OF EVERYTHING. I’M NOT HAPPY ABOUT IT BECAUSE IT’S GOING TO CAUSE THE PRICES OF EVERYTHING TO GO UP.