BP reports US$5.7 billion loss in 2020
For 4Q20, BP reported a profit of US$115 million.
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BP and Ørsted have signed a Letter of Intent to work together to develop a ?project for industrial-scale production of green hydrogen.
BP Australia has announced that it will cease fuel production at its Kwinana Refinery in Western Australia and convert it to an import terminal.
The two companies are aiming to further digital transformation in energy systems and advance the net zero carbon goals of each other.
Air bp will make the Neste-produced fuel available at selected airports in Europe, with deliveries to airports including Stockholm and Oslo expected to begin in the coming weeks.
The company has said it "respectfully disagrees" with the US EPA's repeal last week of methane limits.
Will Scargill, Managing Oil & Gas Analyst at GlobalData, says that BP's transition to an integrated energy company will require "significant movements in the M&A market, if it is to be delivered in the targeted timeframe."
BP has announced the start of its joint venture with Reliance Industries Limited, ‘Jio-bp’.
BP has signed a gas supply agreement with ENN for 300 000 tpy of pipeline gas regasified from LNG.
BP has announced its agreement to sell its petrochemicals business to INEOS for US$5 billion.
