BP spent $2.5 billion on renewables, hydrogen, EV charging and biofuels in 2023, out of a total capex of $16 billion. Back to black BP is the only major oil company to have oil and gas output ...

BP Pauses SAF Projects As It Simplifies Biofuel Growth Plans. Share. Graham Warwick June 25, 2024. BP's Brazilian joint venture produces 50,000 barrels per day of ethanol from sugarcane.

BP has halted hiring across the company and paused new offshore wind power projects as it seeks to reassure investors it is on the right path, focusing on its core business in oil and gas.

BP pauses hiring, slows renewables spending to win over investors - Reuters Jun. 27, 2024 8:22 AM ET BP p.l.c. (BP) Stock By: Carl Surran , SA News Editor 6 Comments Play ( 1min ) ...

BP is hitting the brakes on its $1 billion green hydrogen and renewable fuels project in Kwinana, Australia, as financial pressures and policy delays take their toll.The project, designed to turn ...

“BP has decided to temporarily pause all transits through the Red Sea,” BP said in a statement on Monday that referred to “the deteriorating security situation for shipping. ...

Updated at 6:05 pm ET --BP's Doug Suttles, chief operating officer, said that the company's Top Kill operation is "proceeding according to the plan we put in place."At a news conference, Suttles ...

Oil and natural gas prices rose sharply Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen.

BP BP said it’s going to pause all tanker shipments through the Red Sea.. “In our trading & shipping business, as in all BP businesses, the safety and security of our people and those working ...

The KRF project was aimed at producing sustainable fuels from biomass. The cost of the project was estimated to be A$580 million. BP mentioned that even though it has decided to put a pause on ...