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BP weighs ending its 70-year-old Statistical Review of World Energy
BP weighs ending its 70-year-old Statistical Review of World Energy An illuminated BP logo is seen at a petrol station in Gateshead, Britain, September 23, 2021. REUTERS/Lee Smith/File Photo LONDON, Nov 28 (Reuters) – BP (BP.L) is considering ending the publication of its Statistical Review of World Energy, over 70 years after it first published the benchmark […]
Department of Transportation declares regional emergency following BP refinery fire in Indiana
Department of Transportation declares regional emergency following BP refinery fire in Indiana Kirklareli / Turkey – Aug, 30, 2021: Lighted Sign Board with Large British Petroleum, BP Logo Placed on a poll in the highway gas station. A Department of Transportation agency declared a regional energy emergency for four Midwestern states on Saturday after a fire at […]
BP Prepares To Ration Gas At UK Service Stations Amid Supply Woes
BP Prepares To Ration Gas At UK Service Stations Amid Supply Woes Compounding the ongoing UK energy crisis is BP plc, a multinational oil and gas company, which said it plans to restrict deliveries of gasoline and diesel across its network of service stations in the country amid a truck driver shortage, according to ITV. ITV, citing a […]
BP peak oil (UK decline, asset sales and decommissioning Part 1)
BP peak oil (UK decline, asset sales and decommissioning Part 1) West of the Shetland Islands, the battle against oil decline is over for BP. SPGlobal reports: BP halts production at oldest West of Shetland oil facility Foinaven on asset decline 15 Apr 2021 London — BP has halted production at its oldest West of […]
Australia’s BP Kwinana refinery closure: peak oil context
Australia’s BP Kwinana refinery closure: peak oil context Fig 1: BP is in peak oil mode BP shuts down Kwinana refinery with 600 jobs expected to go, Commonwealth says no impact on fuel security Fig 2: Kwinana refinery in Perth Refining activities will wind down over the next six months, with the new [product import] […]
The fall of an empire
The fall of an empire Illustration: Aïda Amer/Axios The decline of ExxonMobil has been remarkable in its magnitude and unexpectedness. Why it matters: While all major oil companies are facing troubles, Exxon has fallen the farthest, in large part because it has made the biggest bets on oil and gas — and the smallest bets on […]
Has oil peaked?
Has oil peaked? Last month, the world’s 4th largest oil company—BP—predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit peak oil? And if so, what does that mean for our economy and our world? There was fierce controversy in the first decade of this century […]
Analysis: World has already passed ‘peak oil’, BP figures reveal
Analysis: World has already passed ‘peak oil’, BP figures reveal The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand will not regain the levels seen last year. It adds that demand could […]
BP Is The Latest Major Oil Company To Shutter Operations In Alaska
BP Is The Latest Major Oil Company To Shutter Operations In Alaska Yet another major oil company has backed away from one of the frontier oil discoveries of the late 20th century that not only cushioned them from OPEC, but helped them learn to drill in some of the most difficult areas of the globe. After […]
BP’s First Global Advertising Campaign Since Deepwater Horizon Accused of Being ‘Deceptive and Hypocritical’
BP’s First Global Advertising Campaign Since Deepwater Horizon Accused of Being ‘Deceptive and Hypocritical’ Nearly a decade after being held responsible for the largest marine oil spill in history, BP’s first global advertising campaign in ten years has been denounced as “deceptive and hypocritical”. The global advertising campaign called “we see possibilities everywhere” aims to showcase BP’s efforts to embrace […]
We need a fossil fuel non-proliferation treaty – and we need it now
We need a fossil fuel non-proliferation treaty – and we need it now Climate breakdown is an imminent threat to humanity. But an international treaty could avert calamity Brown coal power plant in North Rhine-Westphalia. ‘Currently global demand for coal, oil and gas are all growing, with fossil fuels accounting for 81% of energy use.’ […]
BP CEO: $80 Oil Is Unhealthy For The World
BP CEO: $80 Oil Is Unhealthy For The World Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of UK supermajor BP, said on the sidelines of an event on Friday. “There’s a healthy price for oil and energy and I believe that balances […]
BP Chief: Saudi Arabia Is Holding Back Production
BP Chief: Saudi Arabia Is Holding Back Production “I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil & Money Conference in London. “But on the other side of it you have very unpredictable circumstances in Venezuela […]
The Return of “Beyond Petroleum”: All Talk and No Strategy?
The Return of “Beyond Petroleum”: All Talk and No Strategy? BP even changed the logo. “Oil and gas companies are becoming energy companies,” according to Bob Dudley. He heads the giant British oil company, BP, and stated this in a National Public Radio interview. Interestingly, his company under legendary CEO Lord Browne changed its name […]
