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Oil major BP to slash renewable spending

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 · 15h

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.

Hosted on MSN · 23h

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.

Iraq, BP agree to develop 4 Kirkuk fields

Reuters · 1d

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.

Zacks.com on MSN · 17h

BP Signs Major Oilfield Redevelopment Deal for Kirkuk Oilfields

BP plc BP, the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk. This is a significant development for Iraq, given that its oil and gas output has been restrained for several years due to challenges like war,

39m

Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...

19hon 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 ...

19h

BP pivots back to oil and gas after ‘misplaced’ faith in green energy

BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its ...

17hon MSN

Transition to renewables taking longer than thought, senior BP figure tells MPs

Transition to renewables taking longer than thought, senior BP figure tells MPs - Louise Kingham said ‘clarity’ from the UK ...

6don MSN

Bhopal: NHM Launches Free Door-to-Door Screening For NCDs, Excludes Cancer From List

National Health Mission (NHM) has launched door-to-door free screening and treatment for Non-Communicable Diseases (NCDs) including non-alcoholic fatty liver disease (NAFLD), BP, Sugar will be done ...

Jakarta Globe6d

BP Haji to Fully Organize Hajj Pilgrimage in 2026

Jakarta. The Indonesian Hajj Organizing Agency (BP Haji) is set to begin fully organizing the major Islamic pilgrimage in 2026, according to its deputy Dahnil Anzar Simanjuntak.

Antara News6d

Agrarian reform key to Indonesia's industrial progress: BP Taskin

The Indonesian government must prioritize its agrarian reform efforts, according to the Poverty Alleviation Acceleration ...

Action News 5 Memphis on MSN6d

Gas station ordered to stop selling gas after failing test

The Tennessee Department of Agriculture has ordered a Memphis gas station to stop selling gas. A test was done on a sample of ...

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Oil major BP to slash renewable spending

Iraq, BP agree to develop 4 Kirkuk fields

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