CNN

BP cuts investment in clean energy and boosts oil and gas in major strategy shift

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...
CNN

BP makes its biggest oil and natural gas discovery in 25 years as it refocuses on fossil fuels

BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from ...
Crude Oil Prices

BP and JERA Abandon U.S. Offshore Wind Project Amid Policy Shift

A joint venture between BP and Japan’s JERA has decided to pull the plug on a major offshore wind project in the United States, citing soaring costs and a change in federal policies. JERA Nex BP said ...
Reuters

JERA Nex BP halts development of US Beacon wind project as costs soar

TOKYO, Oct 22 (Reuters) - JERA Nex BP, a joint venture between Japan's top power generator JERA and BP (BP.L), opens new tab, plans to halt development of the U.S. Beacon offshore wind power project ...