BP

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