US-based oil and gas majors are lagging well behind their European counterparts when it comes to plans for cutting emissions to comply with the Paris climate deal, according to analysis released Wednesday (24 June).
BP set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday (12 February) as new chief executive Bernard Looney began the biggest revamp in the company’s 111-year history.
An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
Oil majors are “lagging” when it comes to preparing for the low-carbon energy transition, according to a new report from financial watchdog CDP, which nonetheless praised BP, Eni, Equinor, Total, Repsol and Shell for taking the industry’s lead.
The US government on Monday (5 October) announced the details of a record $20 billion civil settlement with the British oil company BP over the 2010 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico.
Nearly half of the world's 200 biggest companies actively fight regulation to protect the climate, a study has revealed. French business group MEDEF and oil company Total are among the worst offenders. EurAtiv France reports.
The bosses of Europe’s six largest energy companies, including BP and Shell, have said gas should play a vital role in plans to tackle global warming, in a rare public intervention aimed at influencing UN talks.
BP is ending a stormy relationship with Russian tycoons from a company known as AAR and is instead targeting a partnership with government-owned Rosneft. The deal, worth over $25 billion (€19.18 billion) could give the British oil company a stake of between 16% and 20% in the Russian oil giant.
Negotiations between British Petroleum and Rosneft, Russia's leading oil company, to develop three massive offshore exploration blocks in the Arctic have failed, according to media reports yesterday (17 May).
BP agreed on 14 January to form a joint venture with Rosneft to develop three massive offshore exploration blocks that Rosneft owns in the Arctic territory of Russia. US lawmakers, the UK's opposition Labour party and environmentalists blasted the deal, which has been dubbed 'Bolshoi Petroleum'.
In the aftermath of the BP oil slick in the Gulf of Mexico, Energy Commissioner Günther Oettinger and Environment Commissioner Janez Poto?nik will meet representatives of oil and gas companies and national surveillance authorities on 14 July 2010.
An agreement between BP and TNK over the governance of their joint Russian undertaking was welcomed in Brussels, where the European Commission is following the situation closely after Shell, the Anglo-Dutch energy giant, was forced to pull out of a lucrative gas project in Siberia.
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