Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas ...

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BP Plc restarted one of two production platforms in Azerbaijan’s largest natural gas deposit of Shah Deniz that’s been out of operation for more than a week due to an unplanned outage.

ultimately contributing to its shift back toward traditional oil and gas investments under his successor, Auchincloss. BP has been in a state of flux in recent months in the wake of the scandalous ...

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...

Last year, BP also scaled back its plans to reduce the amount of oil and gas it produces by 2030. Under Looney, the company had previously promised that emissions would be 35% to 40% lower by the ...

The oil and gas giants have come under increasing pressure to invest in wind and solar projects as well as other renewables as net zero goals loom. BP at one point pledged to cut oil and gas ...

Oil giant’s boss introduces cost-cutting measures as Britain moves away from fossil fuels BP is to cut nearly 8,000 jobs in the face of falling profits and rising shareholder concern over its ...