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BP, oil and gas

The Associated Press - Busines… · 1h

BP to slash spending on net zero ventures as it focuses on oil and gas again

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 bolster its flagging share price but has been met with incredulity from climate action campaigners.

BP cuts renewable investment and boosts oil and gas in strategy shift

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 confidence.

The New York Times · 8h

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

Iraq, BP agree to develop 4 Kirkuk fields

Hosted on MSN · 6h

Kirkuk deal is BP’s 'most important' in 20 years, CEO Auchincloss says

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's most important transactions in 20 years, CEO Murray Auchincloss said Wednesday during the launch of its anticipated strategic reset.

Iraq, BP agree to develop four Kirkuk fields

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Bloomberg L.P. · 1d

BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern routes and should help to bolster production from the OPEC member.

9hon MSN

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

'He's an icon': Cubs getting to pick Sosa's brain in BP

More than two decades had passed since Sammy Sosa last stepped foot inside the Cubs’ spring complex. When the franchise icon ...

14hOpinion

BP Asks Shareholders to Pay for Its Mistakes

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, ...

10hon MSN

Five years on from BP's ambitious pledge, the climate has changed in every sense

Boss Murray Auchincloss's case is that oil and gas will be in "robust" global demand until 2035, and his message to ...

10hon MSN

BP takes the axe to investment in green energy in "shocking" strategy U-turn

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

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