While BP is bowing out, its partners plan to push ahead with worldscale Pilbara renewables hub.
BP is exiting the Australian Renewable Energy Hub (AREH), relinquishing its role as operator and majority shareholder in the massive Pilbara-based project, in a move that underscores the supermajor’s pivot away from large-scale green hydrogen toward upstream oil and gas growth.
Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over…
BP’s upstream, downstream and renewables portfolios are all heavily weighted toward the US — something any potential suitor…
The announcement comes as the UK-based energy giant refocuses its business on fossil fuels.
A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover…
Energy company also under pressure from worse oil trading performance and weaker oil prices
Energy company plans full return to London by moving global HQ to new development on South Bank
