Green critics of BP's new strategy claim it will lead to stranded assets. it won't. BP's problem is not having enough oil and ...

Investing.com -- BP (NYSE:BP) Plc has postponed its plans to produce renewable fuels at the site of its former Kwinana oil refinery in Australia. This move is part of the company's wider cost ...

Under Auchincloss’ predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023.

Cimic Group company UGL has won several new contracts and contract extensions with existing clients in Western Australia ... services to UK supermajor BP at the Kwinana Energy Hub.

Other attractive regions for PPAs include Asia Pacific, particularly Australia, while Portugal, Greece and Poland will also be growing markets, the firm said. Last year, BP completed the ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...