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O&G
September 10, 2020
BP kickstarts offshore wind play with $1.1bn investment into Equinor sites
BP has made its first stride into the offshore wind market in a deal to develop the renewable generation technology in the US with Equinor.
August 4, 2020
BP set to increase low carbon investment to $5bn in reinvention strategy
BP has announced plans to increase its renewables capacity to 50GW, as it increases investment tenfold.
June 9, 2020
BP cuts 10,000 jobs as COVID-19 downturn pinches
UK oil and gas major BP has announced it will cut 10,000 jobs in a response to COVID-19 and the subsequent economic downturn.
May 5, 2020
Total becomes latest O&G major to target net zero with low carbon electricity focus
Total has become the latest oil and gas (O&G) major to set its sights on becoming net zero by 2050.
March 24, 2020
Parliamentary pension fund invests £36m in renewables but continues O&G investment
The parliamentary pension fund has been championed for an increase in renewables investment, however investments into O&G companies continue.
January 30, 2019
Big oil and gas won’t ‘sit around while renewables cannibalise their profits’
Oil and gas majors are expected to make significant plays in the solar sector in the coming years as continued cost reductions threaten their margins.
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