WTI crude oil prices experienced significant selling pressure following the U.S. announcement of sweeping tariffs, as traders ...

In the strategy reset at the end of February, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 ...

Russia continues its Black Sea clean-up operation in the Kerch Strait, after last December’s oil spill from two storm-stricken Russian tankers, according to Russian authorities. Russia is ...

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...

The decision aligns with BP’s recent strategy reset, which involves increasing investment in oil and gas while scaling back spending on renewables. The final investment decision (FID ...

Oil companies like ExxonMobil and BP are some of the oldest and largest ... Companies that run pipelines or own oil tankers are often referred to as midstream since they bridge the gap between ...

Oil tankers are ships designed for transporting bulk oil and/or its derivative products. Tanker ships can be either crude tankers that transport unrefined crude oil or product tankers that ...

BP kick-started a search for a new chair after Helge Lund told the board he intends to leave the role “in due course”. The oil and gas business said it is likely to take until 2026 for a new hire to ...

BP is shutting its low-carbon mobility team in the energy major’s latest retreat from its five-year-old attempt to diversify away from oil and gas. The unit was responsible for developing ...

(Bloomberg) — BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management. Lund was ...