BP plc

BP plc is teaming up with multinational chemical giant Linde plc to advance a carbon capture and storage (CCS) project for the Texas industrial complex near Houston. As envisioned, the project would enable Linde to produce low-carbon hydrogen at its existing facilities. The project also could support carbon dioxide (CO2) storage captured from other industrial…

BP plc’s primary focus for global natural gas markets today is centered on “flow assurance,” to move enough supply to European countries that remain dependent on Russia, top executives said Tuesday.  CEO Bernard Looney was joined by CFO Murray Auchincloss to discuss first quarter performance. The London-based major for several years has been the No.…

BP plc CEO Bernard Looney said Tuesday natural gas and oil production may be cut sharply by the end of the decade, but the annual profits from the core business are going to be more than enough to transition to sustainable, low-carbon projects.  Investments in greener energy sources are slated to grow by double-digits to…

A number of deals were signed across Asia and the Middle East in recent weeks to further expand the availability of natural gas and develop new resources. BP plc has signed a 10-year natural gas supply agreement with a subsidiary of China’s State Power Investment Corp. (SPIC) to supply 200,000 metric tons/year (mty) starting in…

BP plc is extending a renewable natural gas (RNG) venture with Clean Energy Fuels Corp. to finance and develop more projects on dairy farms in Iowa and South Dakota. The dairy farms, with more than 30,000 cows combined, have the potential to convert methane produced from waste into more than 7 million gallons/year of RNG.…

Global natural gas markets are likely to remain tight through the winter, with oil prices continuing to climb as well, BP plc executives predicted on Tuesday. CEO Bernard Looney was joined in a conference call by CFO Murray Auchincloss to discuss the London-based integrated energy major’s third quarter results and the near-term outlook.  “It was…

BP plc is pouring $269 million into three projects at its Cherry Point Refinery in Washington to improve efficiencies, reduce emissions and increase renewable diesel production capability. The projects, slated to create 200-plus construction jobs, 25 engineering jobs and 40 support roles, align with the integrated energy major’s goal to be net zero emissions across…

Mexico received its first cargo of carbon offset liquefied natural gas (LNG) last week, according to BP plc and Sempra.  Subsidiaries of the firms inked a contract for delivery of the cargo to Sempra’s Energía Costa Azul (ECA) terminal on Mexico’s Pacific Coast. It was expected to arrive last Friday (July 16). Greenhouse gas (GHG)…

BP plc said Wednesday it has ramped up production from the Manuel project in the deepwater Gulf of Mexico (GOM), with two new wells tied into the Na Kika platform. The Mississippi Canyon project in Block 520, in which Royal Dutch Shell plc is a 50% partner, is the fourth of five projects set to…