BP expects to pay down part of its debt months earlier than originally planned, after it was boosted by rising oil prices and earned billions from selling off parts of the business.
Oil giant Shell has chosen a former mining executive who spent more than two decades at rival BP as it seeks to carve out a path less reliant on dirty energy.
Local authority pensions have more than £1.2 billion invested in fossil fuel companies, new analysis by environmental campaigners has found.
Shell’s latest environmental ambitions put it in a category of mainly European oil giants that have committed to becoming emissions neutral, but the details fall short of its closest rival, according to campaigners.
BP is reducing the number of workers on one of its North Sea platforms after an increase in the number of Covid-19 cases recorded on board.
BP is “likely” planning entry into the Scotland offshore wind market after securing a landmark move into the UK sector, an expert believes.
Oil giant BP is among the businesses to win the rights to build new wind farms in UK waters, it announced on Monday, as questions were raised about how the sites were allocated.
Oil giant Exxon reported a staggering loss for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices.
BP has reported its biggest-ever annual loss as plunging oil prices and demand amid the pandemic sent it tumbling into the red by 18.1 billion US dollars (£13.2 billion).
More than a dozen workers have been removed from a North Sea installation after two separate cases of Covid-19 were detected on board.
BP is selling a multibillion dollar stake in an Omani gas field to Thailand’s national oil company amid major divestment plans.
London’s two biggest oil companies are set to report their results for a year which has included a giant price war between Saudi Arabia, a drop in oil prices due to Covid and massive write-offs.
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney’s tenure, according to a news report.
Hundreds of staff have left BP’s arm which hunts for new oil and gas around the world, according to reports, as the company pushes towards a more renewable and green future.
BP customers are being urged to dig out their receipts to check if they have won £2,000-worth of points, following a competition glitch.
Energy giant BP has partially down-manned its Clair platform, about 45 miles west of Shetland, due to an “electrical fault”.
BP is moving out of its current North Sea offices to set up a new regional headquarters in Aberdeen, which will be half the size.
A £200 million North Sea project that environmental activists repeatedly tried to thwart has delivered first oil.
Workers on North Sea platforms are scared for their health amid a series of Covid-19 outbreaks, the Evening Express can reveal today.
Extinction Rebellion activists have dumped “mounds of manure” outside the BP offices in Aberdeen as part of a climate protest.
The Aberdeen oil boom after discovery of the giant Forties field nearly tempted one of the former top bosses at BP to leave the company for property development.
BP’s decision to sell the “jewel in its crown” in 2003 to a US firm with no track record in the UK North Sea was greeted with a mixture of shock and suspicion, based partly on fears of job losses.
It was a bold move into a brave new world; the discovery of oil in the Forties Field in the North Sea on October 7 1970.
It was the discovery which changed everything in the north-east of Scotland and transformed the Granite City from an ancient port to the centre of a new energy revolution in Europe.
Environmental campaigners have slammed city leaders after they teamed up with energy giant BP to help meet emissions targets.
Council chiefs have joined forces with a major energy firm to help reduce emissions and help the city meet its climate targets.
BP has offered its services to help Aberdeen, the oil and gas capital of Europe, go net zero.
A major oil firm has been fined £7,000 after 95 tonnes of crude oil leaked into the North Sea.
A north-east trade union chief has urged ministers to defend workers after an energy giant announced it was to cut thousands of jobs.
An oil and gas sector deal could ensure any further BP-scale job losses are “headed off at the pass”, according to a north-east MP.