Tag: BP

BP's latest projections for oil and gas demand up to 2050 indicate that, regardless of whether the energy transition occurs rapidly or gradually, consumption levels by mid-century will be higher than previously anticipated. 

Several liquefied natural gas (LNG) vessels have altered their courses to avoid the Red Sea region due to ongoing attacks by Houthis. 

BP announced that Bernard Looney has notified the Company that he has resigned as Chief Executive Officer with immediate effect. 

Transport company StraitNZ and bp Marine have been engaged into a long-term supply agreement that covers the delivery of marine biofuels in the port of Wellington.

BP has expanded its investment in bioenergy by committing $10 million and leading the Series B investment round in WasteFuel, a California-based biofuels company focused on converting municipal bio-waste into low-carbon fuels, such as bio-methanol.

In early 2023, BP issued its new Energy Outlook considering the recent disruption to global energy supplies and associated impacts on global prices, and exploring how this could affect the energy transition out to 2050.

The US decided to put a limit on vessel calls at BP Cherry Point marine terminal, to comply with restrictions regarding the handling of crude oil at Puget Sound facilities, Endangered Species Act, and other applicable legal requirements.

BP will evaluate the feasibility of building a new hydrogen hub in Germany. The project, which would be located in Wilhelmshaven, is expected to include an ammonia cracker which could provide up to 130,000 tons of low-carbon hydrogen from green ammonia, per year, from 2028.

BP's Energy Outlook 2022 explores the key uncertainties surrounding the energy transition and is focussed on three main scenarios: Accelerated, Net Zero and New Momentum.

The LNG tanker "British Sponsor", owned by BP, arrived in Mozambique, to load the first cargoes from Eni’s Coral-Sul FLNG unit.