BP

Indonesia’s 1,760-MW Jawa Satu pairs world-record single-shaft scale with liquefied natural gas–to-power integration. A POWER Top Plant winner, it reinforces reliability for the nation’s most critical

The reeling offshore wind power market received another blow as Mitsubishi Corp. said it will end further development of three Japanese offshore wind power projects due to rising costs. Mitsubishi Chief Executive Katsuya Nakanishi on August 27 said cost increases for the installations had far surpassed the company’s projections. The company said the price of […]

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

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of renewable natural gas (RNG). BP on Oct. 17 said it was buying Houston, Texas-based Archaea Energy for $3.3 billion in cash, or $26 a share, along with $800 million for […]

Offshore wind is big business in the North Sea, with dozens of wind power installations commissioned in the region over the past two decades. Norway, a country that gets 98% of its power from renewable energy

CEOs of energy companies with projects in Russia are facing career-defining leadership moments. What do you do when your corporate investments nearly overnight become politically, economically and socially untenable to your key stakeholders? Within days of Russia’s unprovoked invasion of Ukraine, BP’s Chief Executive Bernard Looney was quick out of the gate to tell the world […]

Energy major BP plans to build a large-scale green hydrogen production plant in northeast England, a facility that would use renewable energy resources to produce as much as 60 MWe of fuel by 2025. The group’s Nov. 29 announcement of its HyGreen Teesside project comes eight months after BP said it would build Britain’s largest […]

There’s new interest in one of the world’s oldest resources, as governments and investors worldwide look for advanced ways to tap geothermal energy. Geothermal wells have been producing energy for more

Vineyard Wind has announced a transmission agreement with ISO New England (ISO-NE) to deliver power to the system operator’s grid when the Vineyard Wind 1 project comes online. The 800-MW offshore wind farm, located about 15 miles off the cost of Martha’s Vineyard in Massachusetts, is expected to be the first commercial-scale offshore wind farm […]

DALLAS, Oct. 7, 2020 — BP Energy Partners, LLC (“BPEP”) has made an equity commitment to California-based Leading Edge Power Solutions, LLC (“LEPS” or the “Company”), a provider of clean, dispatchable, behind-the-meter power generation solutions for commercial and industrial customers. The Company’s offering provides customers with, in most cases, zero capital cost on-site generation that […]

The move by major oil and gas exploration companies into renewable energy has taken another significant step, as BP announced a $1.1 billion deal to buy the U.S. offshore wind power assets of Norway’s Equinor. BP in announcing the deal on Sept. 10 said it is taking a 50% stake in Equinor’s Empire Wind project […]

BP made headlines in early August when it announced it wants to develop about 50 GW of net renewable generating capacity by 2030—a 20-fold increase from the 2.5 GW deployed in 2019—as part of a new

MHPS Receives Order for UAE Power Plant. Mitsubishi Hitachi Power Systems (MHPS) has been tabbed to build a 1,026-MW gas turbine combined cycle power plant for the Emirate of Sharjah in the United Arab

BP Ventures to invest $5 million in FreeWire, manufacturer of mobile rapid charging systems for electric vehicles BP to trial technology at selected retail sites in the UK and Europe during 2018 Mobile system will allow flexible deployment of charging facilities while building understanding of fast-evolving market BP today announced that its venturing business has […]