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Published on Feb 26, 2025

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

Junkscience.com editor and publisher Steve Milloy discusses how BP abandoned their plans to cut oil and gas output by 2030 amid investor pressure on ‘The Bottom Line.’ BP said it would increase annual oil and gas spending to $10 billion and cut planned …

Source: FOX Business - Right-wing
Published on Feb 26, 2025

BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’

BP ramps up oil and gas investment to $10bn a year in 'fundamental reset'BP will abandon its green ambitions, including plans to cut its oil and gas production by the end of the decade, as part of a “fundamental reset” of the troubled company’s …

Source: The Guardian - Center-left
Published on Feb 26, 2025

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset

The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion …

Source: CNBC - Neutral
Published on Feb 26, 2025

BP to slash renewables investment and boost gas and oil production

26 February 2025, 12:43 BP. Picture: Alamy BP has confirmed that it will slash spending on net-zero transition businesses while ramping up its oil and gas operations. Listen to this article The fossil fuels giant said it still hopes to become a net-zero …

Source: LBC - Label Pending
Published on Feb 26, 2025

Why has BP pulled the plug on its green ambitions?

BP has angered climate groups by abandoning its green ambitions to instead invest about $10bn a year in a string of new oil and gas projects to help reverse its flagging fortunes. The strategy, put forward by its chief executive, Murray Auchincloss, pulls …

Source: The Guardian - Center-left
Published on Feb 26, 2025

Dirtier BP is still miles away from resetting its share price

BP’s new strategy is “exciting”, said chief executive Murray Auchincloss at one point during Wednesday’s long City presentation. Did the stock market agree? Hardly. Even after he ditched the climate goals, and vowed to pray solely at the altar of …

Source: The Guardian - Center-left
Published on Feb 26, 2025

BP shows activists are often pushing at an open door

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activists have the wind in their sails. The number of campaigns, globally, is the highest since 2018. Little wonder. Rather than …

Source: The Financial Times - Neutral
Published on Feb 26, 2025

BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks

Breadcrumb Trail Links PMN Business BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but shares fell as the company sharply cut buybacks. Author of the article: Bloomberg News Mitchell …

Source: Financial Post - Center-right
Published on Feb 26, 2025

BP Expands Investment in Iraq’s Kirkuk Oil Fields

BP has finalised an agreement with the Iraqi government to invest in the redevelopment of Kirkuk’s giant oil fields, focusing on oil, gas, power, and water infrastructure. The deal, pending final approval by Iraq’s Council of Ministers, includes plans for …

Source: Iraq International News Agency - Neutral
Published on 03:00 GMT

DrillDocs uses AI-enabled computer vision on the Norwegian Continental Shelf for the first time

DrillDocs, a pioneering provider of digital shale shaker surveillance technology, has successfully utilised computer vision technology to automatically detect cavings on the NCS for the first time. Working closely with Aker BP, DrillDocs’ CleanSight® …

Source: Oilfield Technology - Neutral
Published on 01:30 GMT

BP Signs Deal To Rehab Iraq’s Kirkuk Oil Assets, Boost Production

In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to …

Source: Journal of Petroleum Technology - Neutral
Published on Feb 26, 2025

Back to petroleum at last: BP's switch back to fossil fuels is a seismic U-turn, says MAGGIE PAGANO

Murray Auchincloss is to be applauded. It takes courage to admit mistakes, and even greater courage to try to fix them, especially when you are in the public spotlight. But that’s what the BP chief executive is doing. He’s dropping most of its ambitious …

Source: This Is Money - Neutral
Published on 00:03 GMT

Strategy about-turn: We were wrong on net zero, BP boss says

“Our optimism for a fast transition was misplaced, and we went too far, too fast.” BP’s shift towards green energy came just before Russia’s invasion of Ukraine in 2022 drove oil and gas prices higher and sent European countries scrambling to find …

Source: The New Zealand Herald - Neutral
Published on 00:54 GMT

Factbox-US licenses and authorizations to Venezuela's oil sector

By Marianna Parraga HOUSTON (Reuters) - Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country's oil to …

Source: Yahoo Finance - Label Pending
Published on 01:59 GMT

BP Slashes Renewable Spending by More than $5 Billion

British Petroleum (BP) on Wednesday said it would slash its renewable energy businesses by more than $5 billion. The multinational oil and natural gas company will now spend between $1.5 billion and $2 billion on its renewable energy businesses per year, …

Source: Breitbart - Right-wing
Published on Feb 26, 2025

Iraq, bp agree Kirkuk redevelopment

Iraq has agreed contract terms with bp for the redevelopment of oil fields at Kirkuk, with work expected to begin in 2025 The deal will see bp invest in various Kirkuk fields, providing oil, gas, power and water rehabilitation work, with the potential for …

Source: Oil Review Middle East - Neutral
Published on 03:03 GMT

Petrochemical and Construction Firms Turn to Over-issuing Bonds at High Rates for Capital

The corporate bond market is witnessing a surge in activity, particularly within industries deemed "vulnerable sectors" such as petrochemicals and construction. This trend is marked by a wave of bond issuances, with companies in these sectors …

Source: Business Korea - Neutral
Published on Feb 26, 2025

All the green measures BP is abandoning in drive for profits

Climate campaigners hit out at BP as it joins Trump's 'drill baby, drill' drive and slashes clean energy BP has confirmed it will abandon its green renewable power ambitions by increasing its oil and gas investment to $10bn a year as part of a …

Source: iNews UK - Neutral
Published on Feb 26, 2025

Energy Giant Backpedals On Green Goals, Plans To Shell Out Billions On Oil And Gas

European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on investing in oil and gas. The energy giant is planning to increase its investments in oil and gas by $10 billion a year, and also …

Source: Independent Journal Review - Right-wing

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Published on February 26, 2025 - 12:36 GMT

Olive Oil Production in Morocco Hits a Three-Year Low, Causing Prices to Soar

Morocco faces its third year of declining olive oil production, causing rising prices and concerns over potential shortages. LONDON, UNITED KINGDOM, February 26, 2025 /⁨EINPresswire.com⁩/ -- Olive oil production in Morocco is facing another …

Distribution channels: Agriculture, Farming & Forestry Industry, Business & Economy ...
Published on February 26, 2025 - 18:13 GMT

Textile Fabrics Market Strategic Insights for Navigating Market Volatility by 2032

The growth of the fashion and apparel industry, increasing investments, expansion of the oil and gas sector, and advancements in the chemical industry WILMINGTON, DE, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- The growth of the fashion and …

Distribution channels: Manufacturing, Textiles & Fabric Industry ...

Published on February 25, 2025 - 21:30 GMT

Zefiro Methane Corp. Announces Enhanced Orphaned Oil & Gas Well Capabilities via Partnerships Implementing AI & ...

FORT LAUDERDALE, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced partnerships with Geolabe, a technology company that has built the …

Distribution channels: Companies, Technology ...
Published on February 26, 2025 - 12:44 GMT

Sparta Secures $42M Series B led by One Peak to Transform Commodity Trading with AI-Powered Insights and Collaboration

GENEVA, SWITZERLAND, February 26, 2025 /⁨EINPresswire.com⁩/ -- Sparta, a market-leading provider of real-time intelligence for commodity traders, has secured $42 million in Series B funding led by One Peak, with continued backing from Singular and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on February 27, 2025 - 00:30 GMT

Capacitive Sensors Market Poised for Growth Amid Increasing Demand in Consumer Electronics and Industrial Applications | ...

NEWARK, DEL, Feb. 26, 2025 (GLOBE NEWSWIRE) -- The global capacitive sensor market is poised for significant expansion, with sales projected to rise at a steady compound annual growth rate (CAGR) of 6.7% between 2025 and 2035. In 2025, the market is …

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Published on February 26, 2025 - 16:45 GMT

CXsphere enters into wide-ranging AI partnership with MethodHub to scale AI implementation capability globally

CXsphere enters into wide-ranging AI partnership with MethodHub to scale AI implementation capability globally TORONTO, ONTARIO, CANADA, February 26, 2025 /⁨EINPresswire.com⁩/ -- CXsphere, a leading AI-driven customer experience (CX) platform, has …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 26, 2025 - 17:02 GMT

MethodHub Software Limited Welcomes Jawahar Srinivasan as Global Head - IT Infrastructure Services

MethodHub Software Limited Welcomes Jawahar Srinivasan as Global Head - IT Infrastructure Services BENGALURU, KARNATAKA, INDIA, February 26, 2025 /⁨EINPresswire.com⁩/ -- MethodHub Software Limited is proud to announce the appointment of Jawahar …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 26, 2025 - 14:00 GMT

Electro Scan Announces 11th Consecutive Year of ISO Certification for Water Leak Detection & Lead Pipe Identification

Only Commercially Available Suite of Products & Services that are ISO Certified to Safeguard Drinking Water and Locate Pipeline Water Losses SACRAMENTO, CALIFORNIA, CA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Electro Scan Inc. …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...

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Published on February 27, 2025 - 00:00 GMT

H2O Degree’s Representative Dellon Sales’ Expanded Territory Now Includes NYC, Eastern PA, New Jersey and Delaware.

Manufacturers’ representative firm provides expanded engineering & applications support for H2O Degree’s wireless utility management solutions. BENSALEM, PA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- H2O Degree, manufacturer of …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on February 27, 2025 - 00:00 GMT

E I Electrical Inc. Announces Special Discount on Generators Amid Ongoing Power Shutoffs in Honolulu

E I Electrical Inc. offers $250 off generator installations to help residents across Honolulu and the Hawaiian Islands manage power outages. HONOLULU, HI, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- E I Electrical Inc., a trusted …

Distribution channels: Business & Economy, Companies ...
Published on February 26, 2025 - 21:42 GMT

Seeloz and digital.enterprises Forge a Transformative AI Partnership for Qatar’s Energy Sector with EnergizeAI

Unleashing Intelligent Automation to Maximize Efficiency, Profitability, and Sustainability Across Qatar’s Energy Value Chain DOHA, QATAR, February 26, 2025 /⁨EINPresswire.com⁩/ -- In a groundbreaking move set to redefine energy sector operations, …

Distribution channels: Business & Economy, Companies ...
Published on February 26, 2025 - 17:44 GMT

Haffner Energy successfully commissioned its hydrogen-from-biomass production unit in Marolles, France

In a breakthrough for the hydrogen industry, Haffner Energy successfully launched continuous hydrogen production from biomass, with its proprietary technology VITRY-LE-FRANçOIS, FRANCE, February 26, 2025 /⁨EINPresswire.com⁩/ -- • Commissioning of the …

Distribution channels: Agriculture, Farming & Forestry Industry, Automotive Industry ...
Published on February 26, 2025 - 17:38 GMT

Needle Coke Market: Exploring Rapid Growth and Emerging Trends 2031

The increasing preference for super premium grade needle coke, attributed to its low sulfur content and excellent intrinsic properties such as low puffing rate, WILMINGTON, DE, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- The …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on February 26, 2025 - 16:40 GMT

UAMCO MRO selected Pentagon2000 ERP as their system of choice.

UAMCO MRO received its First CFM LEAP Engine from GE Aerospace and required a world-class ERP system to ensure excellence of service. NEW YORK, NY, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- United Aerospace Maintenance Company ( …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on February 26, 2025 - 16:39 GMT

Teach the Future at SXSW EDU: Empowering Youth & Equipping Educators with Futures Thinking

Teach the Future at SXSW EDU: Educator session and Nigerian youth for Student Impact Final Competition AUSTIN, TX, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Teach the Future is bringing the power of futures literacy to SXSW EDU …

Distribution channels: Culture, Society & Lifestyle, Education ...
Published on February 26, 2025 - 16:09 GMT

Johnson Matthey invests in cutting-edge catalyst testing to drive FCC additives innovation

LONDON, FOREIGN, UNITED KINGDOM, February 26, 2025 /⁨EINPresswire.com⁩/ -- • Johnson Matthey unveils its state-of-the-art Advanced Cracking Evaluation (ACE) units and peripheral equipment purchased from Kayser Technology Inc (KTI) in 2024. • …

Distribution channels: Automotive Industry, Companies ...
Published on February 26, 2025 - 15:30 GMT

U.S. Farmers & Ranchers in Action elects five new board members

PARK RIDGE, ILLINOIS, WI, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- U.S. Farmers & Ranchers in Action (USFRA), a farmer-led organization with membership including hundreds of thousands of farmers and ranchers as well as leading …

Distribution channels: Agriculture, Farming & Forestry Industry, Business & Economy ...
Published on February 27, 2025 - 02:57 GMT

Heinrich Delivers Remarks Ahead of Forcing Vote to End Trump’s War on Affordable, American-Made Energy

WASHINGTON - U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Committee on Energy and Natural Resources, led his colleagues in delivering remarks on the Senate floor ahead of forcing a vote to end President Trump’s war on affordable, …

Distribution channels: Energy Industry
Published on February 26, 2025 - 14:00 GMT

Polysense Expands iEdge4.0 powered SW-defined Sensors Portfolio with New Ultrasonic and mmWave Radar Ranging Products

Expanded portfolio bridges the gap between cost-efficiency and mission-critical reliability across smart infrastructure and industrial automation SANTA CLARA, CA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Polysense Technologies Inc …

Distribution channels: Chemical Industry, Energy Industry ...
Published on February 26, 2025 - 14:00 GMT

Anker SOLIX Launches F3800 Plus Portable Power Station: Enhanced Model Provides Whole-Home Backup Power in North America

New model offers 30% increased solar input efficiency and enhanced generator compatibility to meet critical power needs during outages BELLEVUE, WA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Anker SOLIX, a global leader in power …

Distribution channels: Consumer Goods, Energy Industry ...
Published on February 27, 2025 - 00:51 GMT

Minim Martap Project Update

PERTH, Australia, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to provide an update on key development workstreams at the Company’s flagship Minim Martap Bauxite Project (‘Minim Martap’ or ‘ …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on February 26, 2025 - 12:45 GMT

Carbon Footprint Management Market Is Booming Worldwide 2025-2032 | Ecova, Enablon ,Greenstone+

CA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Carbon Footprint Management Market Trends Overview 2025-2032: A new Report by Coherent Market Insights, titled "Carbon Footprint Management Market: Industry Trends, Share, Size, …

Distribution channels: Energy Industry ...
Published on February 26, 2025 - 12:45 GMT

Avvenire x Akio.one: Next-Gen Electric Vehicles Enter the Akio Universe

Avvenire and Akio.one unite to revolutionize mobility, bringing next-gen electric vehicles into gaming, animation, and AI-driven experiences. TORONTO, ONTARIO, CANADA, February 26, 2025 /⁨EINPresswire.com⁩/ -- For years, the crypto world has asked …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on February 26, 2025 - 12:44 GMT

Sparta Secures $42M Series B led by One Peak to Transform Commodity Trading with AI-Powered Insights and Collaboration

GENEVA, SWITZERLAND, February 26, 2025 /⁨EINPresswire.com⁩/ -- Sparta, a market-leading provider of real-time intelligence for commodity traders, has secured $42 million in Series B funding led by One Peak, with continued backing from Singular and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on February 26, 2025 - 12:24 GMT

PSC Opens New Office in Edinburgh, Strengthening Presence in Scotland’s Growing Energy Sector

EDINBURGH, SCOTLAND, February 26, 2025 /⁨EINPresswire.com⁩/ -- PSC, a leading consultancy to the electricity industry, is excited to announce the opening of its new office in Edinburgh. This expansion is part of PSC’s continued growth strategy to …

Distribution channels: Business & Economy, Companies ...
Published on February 26, 2025 - 12:07 GMT

Instagrid hopes to power a cleaner future for mobile work worldwide

Instagrid has developed high-performance portable power supplies that provide fume-free, silent alternatives to harmful gas-powered combustion generators. LUDWIGSBURG, GERMANY, February 26, 2025 /⁨EINPresswire.com⁩/ -- The fossil-fuel-powered …

Distribution channels: Business & Economy, Companies ...
Published on February 26, 2025 - 11:00 GMT

Utility Fleet Professionals to Gather in Columbus, OH

NiSource/Columbia Gas of Ohio hosts the MEA Transportation & Fleet Roundtable this April. BLOOMINGTON, MN, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- Utility fleet professionals from the Midwest will come together April 8-10 …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on February 26, 2025 - 10:24 GMT

North America Utility Stringing Block Market Poised for Growth Amid Infrastructure Expansion and Renewable Energy Boom

The North American utility stringing block market is set for significant growth between 2025 and 2030. LOS ANGELES, CA, UNITED STATES, February 26, 2025 /⁨EINPresswire.com⁩/ -- The North American utility stringing block market is set for …

Distribution channels: Building & Construction Industry, Business & Economy ...