Reaching net zero by 2045 requires ‘immediate action at pace and scale’
Achieving Scotland's net zero target by 2045 will require "immediate action at pace and scale", independent experts have told Holyrood ministers.
BP News
BP News
‘People are a bit lost’ – hydrogen pundits bemoan the European outlook in Rotterdam
Speakers at World Hydrogen 2025 Summit in Rotterdam set the tone by fending off criticism over the laggardly pace of European progress.
Charging Forward: Centrica flags Rough shutdown in blow to hydrogen storage hopes
Energy Voice takes a look at the latest developments in the UK energy storage sector.
Petrofac restructuring approved by courts as it looks to ‘healthy pipeline of future opportunities’
Aberdeen-based oil services firm Petrofac has had its restructuring plan approved by the High Court of England and Wales.
Transmission charging adds £1bn to Scottish offshore wind farm costs
Transmission charging is making Scottish offshore wind farms £1 billion more expensive than their English counterpart.
UK may need to build equivalent of 10 Rough facilities to meet hydrogen storage demand
The UK may need to build 10 times the capacity of the existing Rough offshore gas storage facility to meet its future hydrogen needs, a Holyrood committee has heard.
Latest Energy Sector News
Petrofac restructuring approved by courts as it looks to ‘healthy pipeline of future opportunities’
Wood extends Sidara takeover again
Exceed wins deal to operate Viaro’s Shell and Exxon assets
Union doubt mass job cuts will change Westminster energy policy
Business leaders and SNP call on Starmer to visit Aberdeen amid North Sea job losses
Troubled firm Wood says new North Sea contracts will support 500 Aberdeen jobs
All BP News Posts
Shell reportedly mulling takeover of supermajor rival BP
Shell is evaluating the possibility of mounting a takeover bid for its rival BP, according to media reports.
EVOL: Scotland’s ‘wrath’, BP and Equinor Q1s, and Octopus defends zonal pricing
Energy Voice Out Loud is the weekly news podcast that keeps you up to date on the hottest stories from the UK energy market.
BP makes Q1 profit amid strategic reset
BP made a profit of $700 million in the first quarter of this year, compared to a $1.95bn loss for the fourth quarter 2024, as the company pushes on with its strategic reset.
Major shareholder revolt against BP chairman amid climate clash
Outgoing BP chairman Helge Lund received a near 25% vote against his reelection at the UK oil major's annual general meeting in a shareholder revolt.
BP chairman Helge Lund to step down
BP chairman Helge Lund has announced his plans to step down from his position.
North Sea production hub rankings: A chance for BP to climb the table
Of all the production hubs in the North Sea, the top four producers have remained unchanged since 2023; however, with the right policy, BP might climb the rankings.
BP makes first divestment of target $20bn asset sale
Energy firm BP has sold a stake worth $1 billion (£733m) in the Trans-Anatolian Natural Gas Pipeline (TANAP) to Apollo as part of the first tranche of a $20bn asset sale target.
Time to share: Energy supply chain awaits UK government to unlock billions of investment
OEUK's annual share fair event shows why UK government needs to act to support the energy supply chain.
BP seeking partner for Lightsource BP with bids due in June
Media reports have said that oil supermajor BP aims to sell 50% of its solar unit Lightsource BP this summer.
‘Inconsistency’ in approval of BP and Equinor’s Net Zero Teesside, court hears
An appeal court heard that a High Court ruling over emissions from the Net Zero Teesside (NZT) power gas project was “wrong” to conclude Energy Secretary Ed Miliband was unaware of the planning inspector’s guidance.
Ex-BP boss Bernard Looney takes chairman job at climate AI firm
Former BP chief Bernard Looney has been named chairman of a climate-focused AI start-up, nearly 18 months on from a scandal which saw him leave the oil giant.
BP boss: ‘We went too far too fast’ as major slashes low-carbon investment by $5bn
BP boss Murray Auchincloss admitted the company went "too far, too fast" in its efforts to cut its oil and gas business and shift instead to renewable energy, as he unveiled plans to slash investment in its low-carbon efforts by $5 billion (£4bn).
BP signals Castrol business up for sale as first part of ‘fundamental reset’
Energy firm BP confirmed rumours it could sell its historic lubricants business ahead of a highly awaited meeting with shareholders in London.
BP agrees ‘giant’ Iraq deal ahead of spotlight on oil and gas production
BP has unveiled a deal with the Government of the Republic of Iraq to invest in several "giant" oil fields in Kirkuk.
The Emperor’s New Clothes: Will supermajors survive the energy transition?
Oil and gas supermajors' swan legs are kicking frantically below the surface as they attempt to navigate the energy transition. In the first of a two-part series, we examine Equinor's approach.
BP investors demand vote on any plans to scrap climate goals
Nearly 50 major investors in BP (LON: BP) have called on the oil giant to let them vote on potential plans to scrap its climate goals.
New well at BP’s giant UK oilfield ‘exceeds expectations’
Energy giant BP continues to ramp up its newest facility in the North Sea, with production from its latest well “exceeding expectations”.
BP boss confirms ‘new direction’ on 2024 profit slump
BP (LON: BP) chief executive Murray Auchincloss has vowed to reveal a "new direction" for the energy giant as investors seek "transformative" change.
Aberdeen’s Interocean wins work on BP wind farms
Aberdeen-based Interocean has been awarded a contract to carry out marine vetting and assurance work on BP’s Morgan, Mona and Morven offshore wind farms.
BP is not moving fast enough in the energy transition
An impending ban on petrol cars and an upcoming government review of drilling licences has created a perfect storm for supermajors.
BP job cuts: ‘They’ll be losing a lot of very good people’
BP’s confirmation that it will be cutting 7,700 jobs has served as a “hammer blow to the north-east" of Scotland, one politician said in response to the news, as industry observers weigh in with their reactions.
BP to slash nearly 8,000 jobs as it looks to cut costs
London-listed supermajor BP (LON:BP) has confirmed plans to cut 8,000 jobs as it continues its plans to “simplify and focus” the company.
Power Moves: New Centurion CEO and more
Euan Leask has been promoted to CEO of Dyce-based rentals and services supplier Centurion Group.
Former BP chief Bernard Looney joins board of ADNOC subsidiary XRG
Former BP chief executive Bernard Looney has been appointed to the board of Abu Dhabi energy firm XRG in his first role in the energy sector since leaving the oil major.
BP loses offshore wind vice president after reducing investment
BP’s senior vice president for offshore wind, Matthias Bausenwein, will depart the oil and gas company following a carve-out of its offshore wind operations.