BP plc

Two major resource companies made two very different announcements recently, both on the theme of addressing climate change. The stark contrast between them shows the industry is still grappling with how to meet the challenges ahead.

The British fossil-fuel giant and the largest U.S. airline have each pledged to effectively stop emitting carbon over time. The ambition is encouraging and puts them ahead of most rivals. But both fall short on all-important details. There’s plenty of runway to do better.

BP halted production at its ETAP platform, which connects seven oil and gas fields in the British North Sea with the Forties Pipeline System and the CATS gas terminal, after a problem with its power generation system, the company said on Wednesday.

BP halted production at its ETAP platform, which connects seven oil and gas fields in the British North Sea with the Forties Pipeline System and the CATS gas terminal, after a problem with its power generation system, the company said on Wednesday.

* FY OMDA: EUR 602 MILLION, 25.3% OF REVENUE, UP +240BP ON A COMPARABLE BASIS

Oil majors BP <BP.L>, Shell <RTSa.L> and Total <TOTF.PA> want to connect some of their oil platforms to Norway's onshore power grid to reduce carbon emissions, BP said in a letter to the oil and energy ministry.

Mexico's oil regulator fired 18 employees on Friday that formed part of a unit responsible for supervising some 100 exploration and production contracts won at auction by private companies including U.S.-based Exxon Mobil Corp and Britain's BP.

Mexico's oil regulator fired 18 employees on Friday that formed part of a unit responsible for supervising some 100 exploration and production contracts won at auction by private companies including U.S.-based Exxon Mobil Corp Britain's BP.

BP has written to Algeria to express its interest in investing in its oil sector and has not made any request to sell its shares in the In Amenas gas plant, state news agency APS quoted Energy Minister Mohamed Arkab as saying on Wednesday.

BP has written to Algeria to express its interest in investing in its oil sector and has not made any request to sell its shares in the Amenas gas plant, state news agency APS quoted Energy Minister Mohamed Arkab as saying on Wednesday.

BP set one of the oil sector's most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history.

BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul in the company's 111-year history by new chief executive Bernard Looney.

UK shares inched higher on Wednesday, with heavyweight oil firms supporting gains on the main index, as investors continued to take comfort from a drop in the number of new coronavirus cases reported in China.

BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and maintain stable output at the Azeri-Chirag-Guneshli (ACG) oilfields this year, a senior regional official at the British oil major said on Monday.

BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli (ACG) oilfields this year, a senior regional official at the British oil major said on Monday.

BP's <BP.L> head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.

BP <BP.L> is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft <ROSN.MM> failed, three industry sources told Reuters.

Climate protesters forced BP <BP.L> to temporarily shut down its London headquarters on Wednesday, the first day in office for the oil and gas company's new CEO Bernard Looney.

Executives from BP and Azerbaijan's SOCAR will visit Uzbekistan this month for talks about potential production sharing agreements to develop local hydrocarbon deposits, the Central Asian nation's energy ministry said on Wednesday.