Business Standard

British Petroleum

Shell to pause construction work at Dutch biofuels project as market sags

It is rare for companies to suspend development of projects underway. Rival BP last week said it is pausing two biofuel projects in Germany and the United States

Shell to pause construction work at Dutch biofuels project as market sags
Updated On : 02 Jul 2024 | 2:10 PM IST

BP CEO quits over failure to disclose past relationships with colleagues

Looney, 53, will be replaced on a interim basis by Chief Financial Officer Murray Auchincloss

BP CEO quits over failure to disclose past relationships with colleagues
Updated On : 14 Sep 2023 | 12:20 AM IST

Shift from fossil fuel to renewable energy must avoid price shock: BP chief

British energy major BP chief executive Bernard Looney on Saturday echoed India's views on energy transition being just and orderly, saying the shift from fossil-based system of energy to renewable sources has to be done in a manner so as to avoid price shocks like the ones witnessed last year. Looney said oil and gas will continue to be a source of energy for the world for "many, many decades to come" and companies and countries around the world have to continue investing in existing fossil fuels and in transition projects at the same time. Speaking at the B20 Summit India organised by CII, he said the world needs a rapid and at the same time orderly transition. Oil and gas, extracted from below ground and seabed and used to power vehicles, fly airplanes, produce power and used in several industries, make up for 55 per cent of the world's energy consumption. Replacing it won't happen overnight and so there is a need to continue investing in today's energy system so as to meet dema

Shift from fossil fuel to renewable energy must avoid price shock: BP chief
Updated On : 26 Aug 2023 | 4:12 PM IST

BP logs 70% dip in second-quarter net profit, raises dividend by 10%

BP's net income, missed expectations of $3.5 billion

BP logs 70% dip in second-quarter net profit, raises dividend by 10%
Updated On : 01 Aug 2023 | 11:41 PM IST

bp slows transition to renewable energy as oil bonanza continues

Announces further $2.75 bn in share buybacks; annual profit more than doubles to a record $28 bn

bp slows transition to renewable energy as oil bonanza continues
Updated On : 07 Feb 2023 | 11:39 PM IST

Russia-Ukraine crisis: BP to exit Rosneft stake, may take a $25 bn hit

The surprise move from the British company is the latest sign of how far Western powers are willing to go to punish President Vladimir Putin for his invasion of Ukraine

Russia-Ukraine crisis: BP to exit Rosneft stake, may take a $25 bn hit
Updated On : 28 Feb 2022 | 7:56 AM IST
Updated On : 26 Oct 2021 | 6:06 PM IST

Jio-bp to open 2019 joint venture's first petrol pump near Mumbai

The global energy supermajor on Thursday said it is about to open its first 'Jio-bp' branded petrol pump

Jio-bp to open 2019 joint venture's first petrol pump near Mumbai
Updated On : 22 Oct 2021 | 12:06 AM IST

Reliance, BP to get govt capped price of $4.06 for new gas from KG-D6

Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price

Reliance, BP to get govt capped price of $4.06 for new gas from KG-D6
Updated On : 20 Dec 2020 | 3:57 PM IST

BP looks to set up global business service centre in Pune, hire 2,000

Centre is expected to start by next Jan; will assume operational ownership of third-party business processes and look to further extend its work with analytics and data science capabilities

BP looks to set up global business service centre in Pune, hire 2,000
Updated On : 19 Jun 2020 | 1:46 AM IST

World coronavirus dispatch: BP's $17.5 bn write-off, Covid hits China again

Hong Kong Disneyland reopens June 18, top US Fitness chain files for bankruptcy, and other Covid-19 related news from across the globe

World coronavirus dispatch: BP's $17.5 bn write-off, Covid hits China again
Updated On : 15 Jun 2020 | 9:04 PM IST

Reliance, BP announce JV to set up 5,500 petrol pumps; RIL to hold 51%

Out of the total 6,802 fuel retail outlets run by private sector companies in India, around 20.5 per cent or 1,400 are currently with the RIL

Reliance, BP announce JV to set up 5,500 petrol pumps; RIL to hold 51%
Updated On : 07 Aug 2019 | 1:30 AM IST

BP sees 5-10% of global earnings from India; bets big on natural gas output

London-based BP's total earnings for 2017 were $6.2 billion, more than double that of a year ago

BP sees 5-10% of global earnings from India; bets big on natural gas output
Updated On : 05 Apr 2018 | 4:08 PM IST

BP strikes deal for 10% stake in Abu Dhabi's ADCO concession

After almost two years of negotiations to improve terms to help operate the United Arab Emirates' biggest oilfields

BP strikes deal for 10% stake in Abu Dhabi's ADCO concession
Updated On : 18 Dec 2016 | 2:24 AM IST

US judge approves $20 billion settlement for 2010 BP oil spill

The money is to be paid out over roughly 16 years

US judge approves $20 billion settlement for 2010 BP oil spill
Updated On : 05 Apr 2016 | 11:46 AM IST

BP signals willingness to take back arbitration

RIL, BP and their partner Canada's Niko Resources had in May 2014 filed an arbitration seeking implementation of higher gas prices for the flagging KG-D6 block

BP signals willingness to take back arbitration
Updated On : 14 Mar 2016 | 12:32 AM IST