BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its commitment to green energy. Under pressure chief executive Murray ...

Iraq’s oil ministry on Monday signed a landmark deal with British energy giant BP to develop four key oil fields in Kirkuk.

BP (NYSE:BP) and Iraq's government have signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported Tuesday, marking a breakthrough for the country, where production ...

This is a reset BP, with an unwavering focus on growing long-term shareholder value." Shell and Norwegian company Equinor have already scaled back their plans to invest in green energy.

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

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.

"BP, Iraq sign deal to revive Kirkuk oilfields" was originally created and published by Offshore Technology, a GlobalData owned brand.

Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Today is crucial for FTSE 100 oil major BP.

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will ...

It was more than 20 years ago that the then boss of BP reframed those famous initials as "Beyond Petroleum". It was the first tentative step in transforming the company from an oil and gas ...