- Gazprom says it's unable to supply gas through territory of Ukraine due to 'refusal of Ukrainian side' to extend relevant agreements ...

BP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 per cent to $10 billion. According to the company, it will focus on those ...

British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its once industry-leading targets on reducing carbon emissions and slashing clean ...

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.

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will ...

BP's shares were down 1.7 percent in afternoon trading in London. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure, it added ...

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 ...

British energy giant BP has confirmed it is to slash spending on green ventures and up its oil and gas production. (AP Photo/Kirsty Wigglesworth, File) by: PAN PYLAS, Associated Press ...

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and investor ...