BP offloads German refinery to Klesch, boosts cost savings target

The transaction forms part of the British oil major's $20 billion divestment plan aimed at cutting debt and boosting returns.

BP to lock out USW employees as still no deal reached in negotiations

BP announced Tuesday night that it will initiate a lockout for more than 800 USW Local 7-1 employees, effective midnight ...

BP wins U.S. OK for its first new Gulf of Mexico field project since 2010 Deepwater Horizon disaster

BP received U.S. approval to advance its Kaskida project ​in the deepwater Gulf of Mexico, its first virgin field development ...
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BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to boost ...

USW rejects BP’s ‘last, best and final offer’ in union negotiations

Hours before the deadline, both BP and the United Steelworkers 7-1 announced the union rejected the company’s “last, best and ...

BP-Eni joint venture delivers first gas from Angola's Quiluma field

BP said its Azule Energy 50-50 joint ​venture in Angola with Eni has started ‌producing natural gas from the Quiluma field, ...

BP moving offices in Surrey and London to new HQ

BP says it is leaving its offices in Sunbury in Surrey and St James's Square in London. The company is set to move to new ...

BP to sell German refinery as streamlining efforts continue

The energy major is continuing with a strategic reset, cutting costs and selling some assets in a bid to reduce its ...