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Offshore Wind Power
Oil Major BP Joins Consortium Seeking Wind Power off Norway
The consortium in which each partner will have a 33.3% stake plans to bid for offshore wind power projects in the Soerlige Nordsjoe II licensing area in the sou…
Crude Oil
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Solar Power Plant
Lightsource BP Partners on 1.35GW Portuguese PV
Lightsource BP has entered into a co-development partnership with Portuguese company Insun for five utility-scale solar farms that will add over 1350MW of new c…
Oil Field
Adnoc Awards $744m Offshore Field Contract to NPCC
The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023
Oil Shale
U.S. Shale Oil Output to Climb for First Time in 3 Months in June - EIA
U.S. oil output from seven major shale formations is expected to climb by 26,000 barrels per day in June to 7.73 million bpd, the first rise in three months, th…
Oil Field
BP in Talks to Sell 28% Stake in UK North Sea Field
The company had agreed last year to sell the Shearwater and Andrew projects to Premier Oil but the deal fell through
OPEC
OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, …
Solar Power Plant
Lightsource BP Secures Planning for Australian Solar Project
The 400 MWdc site is adjacent to Lightsource bp’s near-complete 200 MWdc Wellington solar farm. Once operational, the 600 MWdc hub could become the state’…
Geothermal Power Plant
Why Oil Giants Like Chevron and BP are Investing in Geothermal Energy
Miles below the Earth’s surface, there’s a source of renewable energy that could sustain all of humanity for the foreseeable future.
Natural Gas
RIL, BP Announce Start of Production from Deepwater Gas Field on KG-D6
Reliance Industries Limited and bp today announced the start of production from the Satellite Cluster gas field in KG-D6 block off the east coast.
Clean Energy Transition
Amazon Inks RNG Agreement, Considers Possible Stake in Clean Energy Fuels
Clean Energy last year secured separate partnerships with BP plc and Total SE to consider expanding U.S. RNG production.
Crude Oil
Rystad Energy Sees Oil Demand Peaking In 2026
The accelerating adoption of electric vehicles and electrification in other oil-consuming sectors is set to bring peak oil demand as early as 2026 at 101.6 mill…
Oil & Gas Supply
Guyana Estimates Future Oil Production At 1 Million Bpd
Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in …
Crude Oil
BP Halts Production at UK's Foinaven Crude Field
BP said today it has suspended production indefinitely at the Foinaven crude fields west of Shetland as it prepares for the removal of the ageing floating produ…
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