BP

Global energy giant BP said it would cut thousands more jobs by the end of this year, as the company continues to reduce its renewable energy plans to focus more on its longtime core business of oil and gas production. UK-based BP, which has its U.S. headquarters in Houston, Texas, has said it plans to […]

A leading developer of North American power and energy infrastructure projects said it has an agreement to acquire several U.S. onshore wind farms from a UK-based energy group. LS Power and bp Wind Energy North America announced the deal on July 18. LS Power said the deal comprises about 1,700 MW of operating onshore wind […]

A startup company led by former executives with major technology and energy groups is betting on the use of natural gas and battery energy storage to provide data centers with on-site power, freeing those sites from reliance on the traditional power grid.

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as it transitions to more operations outside of its oil and gas business. The London-based multinational group on Jan. 16 said it would lay off about 4,700 workers, and also cut […]

European energy major Equinor said it is cutting 20% of the workforce, or about 250 jobs, in its renewable energy division due to continued economic challenges. The Norway-based company said the layoffs are part of the company’s effort to streamline its operations. Equinor in recent months has canceled offshore wind projects in several countries, including […]

Eight engineering, procurement, and construction contract packages have been unveiled for the UK’s Teesside-based Net Zero Teesside Power (NZT Power), a landmark integrated project that could become one of the world’s first commercial-scale gas-fired power stations equipped with carbon capture when it begins operation in 2027. NZT Power, a joint venture between bp and Equinor, […]

New York officials put forth conditional contracts to buy electricity from two proposed offshore wind farms, announcing the awards Feb. 29 for installations that would be the largest power generation projects built in the state in decades. The solicitation by the New York State Energy Research and Development Authority (NYSERDA), which allowed developers to exit […]

Development agreement focused on deploying CarbonFree’s proprietary SkyCycle™ technology at hard-to-abate industrial sites SAN ANTONIO, Texas. — 2/23 – bp and CarbonFree announce an agreement to collaborate on the development of carbon capture and utilization projects using CarbonFree’s SkyCycleTM technology. bp ventures has been an investor in CarbonFree for nearly 10 years. CarbonFree’s SkyCycleTM captures […]

JANUARY 10, 2023 — bp announced today its 134-MWdc (107-MWac) Arche Solar project in Fulton County, Ohio, is beginning construction, helping support the global transition to lower carbon energy. Arche is expected to create around 200 U.S. jobs across the supply chain during construction and provide more than $30 million in revenue to benefit local […]

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power generation project portfolios. Among the latest is