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BP, oil and gas

The Associated Press - Busines… · 3h

BP to slash spending on net zero ventures as it focuses on oil and gas again

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.

BP cuts renewable investment and boosts oil and gas in strategy shift

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and investor confidence.

The New York Times · 10h

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

Iraq, BP agree to develop 4 Kirkuk fields

Iraq, BP agree to develop four Kirkuk fields

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Bloomberg L.P. · 1d

BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern routes and should help to bolster production from the OPEC member.

Zacks.com on MSN · 12h

BP Signs Major Oilfield Redevelopment Deal for Kirkuk Oilfields

BP plc BP, the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk. This is a significant development for Iraq, given that its oil and gas output has been restrained for several years due to challenges like war,

11hon MSN

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

16hOpinion

BP Asks Shareholders to Pay for Its Mistakes

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, ...

12hon MSN

Five years on from BP's ambitious pledge, the climate has changed in every sense

Boss Murray Auchincloss's case is that oil and gas will be in "robust" global demand until 2035, and his message to ...

Castrol India shares in focus after BP launches 'strategic review' of global lubricants business

At the end of the December quarter, Castrol India promoters had a 51% stake in the company. Castrol Ltd. is owned by British ...

‘Misplaced optimism’: BP got it wrong over energy transition, says CEO

BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?

1hon MSN

Mark Kleinman: A reset BP might not have drilled deep enough for activists

Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he ...

'He's an icon': Cubs getting to pick Sosa's brain in BP

More than two decades had passed since Sammy Sosa last stepped foot inside the Cubs’ spring complex. When the franchise icon ...

2don MSN

BP to ditch renewable energy targets in effort to boost earnings

British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost ...

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