bp Statistical Review of World Energy 2020: a Pivotal Moment
This year’s edition – which collects and analyses energy data for 2019 – highlights the global energy trends emerging prior to the current Covid-19 pandemic. While some aspects – such as the continuing strong growth in renewables – offer encouragement that the world is moving onto a more sustainable path, …
Progressing Strategy Development, BP Revises Long-Term Price Assumptions, Reviews Intangible Assets and, as a Result, Expects Non-Cash Impairments and Write-Offs
In mid-February, BP p.l.c. (bp) laid out a new purpose – to reimagine energy for people and our planet – and its ambition to become a net zero company by 2050 or sooner and to help the world get to net zero. Since then, bp has focused its work in …
Google Plans to Stop Making A.I. Tools for Oil and Gas Firms
Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The story was reported by Medium’s tech publication, OneZero, following an interview with The Cube that was published on YouTube. A Greenpeace report on Tuesday highlighted how Google, Microsoft, and Amazon use AI and warehouse servers to …
23rd World Petroleum Congress Postponed to December 2021
In light of the consequences of COVID-19 and global market volatility, the 23rd World Petroleum Congress has been postponed to December 5-9 2021, it was announced today by WPC President Tor Fjaeran and the Organizing Committee Chairman, Jeff Shellebarger. The decision from the World Petroleum Council Executive Committee and 23rd …
BP Supercomputer to Aid Global Healthcare Researchers in Race to Halt COVID-19
BP is joining forces with the U.S. government, leading universities and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-19. BP will donate its significant supercomputing capability to the public-private consortium formed in March 2020 by the White House’s Office …
BP Details COVID-19 Response and Provides Market Update
BP today set out actions it is taking in response to the COVID-19 pandemic and ongoing market disruption. It also provided an update on factors expected to affect its first quarter results. Chief executive Bernard Looney said: “The world is in a fight against COVID-19 and I want to thank …
Advancing Energy: Ambition Launch Response ̶ Trust and Trade Associations ̶ Low Carbon Pioneers
We announced this week that we would withdraw from three trade associations over climate change differences, citing our support of the Paris Agreement goals and net zero ambition as reasons for the decision. Why now? BP’s in-depth review of the policies held by 30 key trade associations comes a few …
BP to Leave Three Trade Associations After Detailed Review of Climate Policies
BP today announced that, following an in-depth review examining the alignment of the climate-related policies and activities of trade associations with BP’s positions, it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA). Earlier this month …
Russia’s Rosneft Pledges $5 Billion for ‘Green’ Causes Over Next Five Years
Russian largest oil producer Rosneft (ROSN.MM) has pledged to invest around $5 billion in environmentally friendly projects over the next five years, the company said on Monday. The plans were revealed after BP (BP.L), owner of 19.75% of Rosneft, pledged deep cuts to its carbon emissions by 2050, setting one …
Schlumberger Moves Technology Chief to Head of ‘New Energy’ Division
Oilfield service giant Schlumberger is moving one of its top executives to lead a newly created division for “new energy” initiatives. In a Friday morning filing with the Securities and Exchange Commission, Schlumberger reported that Executive Vice President of Technology Ashok Belani switched roles Feb. 11 to become executive vice …