Tag Archives: BP

bp plans UK’s largest hydrogen project

bp has announced that it is developing plans for the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The project would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) Read more »


Louise Kingham OBE to succeed Peter Mather at BP

bp announces that Peter Mather, bp’s UK head of country and senior vice president for Europe, will ‎leave the company at the end of the year. Peter has been UK head of country and regional president for Europe since 2010 Read more »


MFG celebrates the new year with further acquisition

Motor Fuel Group (MFG) announces that it has signed an agreement to purchase seven operational stations and nine new to industry (NTI) sites from BP. This is part of a wider agreement including fuel supply for 100 sites. Commenting on Read more »


INEOS extends portfolio with BP acquisition

INEOS has completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. Already one of the world’s leading petrochemical companies this acquisition will extend both the portfolio and the geographic reach of Read more »


BP energy outlook suggests global oil demand may have peaked

This year’s influential annual energy outlook from BP, published at the start of BP Energy Week, suggests peak oil demand may have already been reached last year. This marks a dramatic shift from last year when the base case expected Read more »


BP halves dividend after record loss, but the future looks bright

Following a record $6.7bn quarterly loss, BP has halved its shareholder dividend after the coronavirus pandemic hit global demand for oil. The loss was largely due to BP writing down the value of its assets after it cut its oil Read more »


BP to cut 10,000 jobs as virus hits demand for oil

BP has announced plans to cut 10,000 jobs worldwide following the global slump in demand for oil. Having paused redundancies during the peak of the pandemic the CEO of the oil giant told staff at the start of this week Read more »