BP News

BP Announces Major Workforce Reduction: 4,700 Jobs and 3,000 Contractor Positions to Be Cut

BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...

BP Anticipates Significant Impact on Q4 Earnings Due to Declining Refining Margins

BP predicts a significant impact on its Q4 earnings due to weaker refining margins, with expected profit reductions and production declines across key segments. The company remains...

BP Joins Forces with ONGC to Revolutionize Mumbai High's Oil and Gas Production

BP partners with ONGC to boost Mumbai High's oil and gas production by up to 60%, marking a significant development in India's upstream sector and showcasing the impact of recent r...

BP and JERA Join Forces for $5.8B Offshore Wind Energy Venture

BP plc and JERA form a joint venture, JERA Nex bp, focusing on offshore wind energy production with a potential 13GW capacity. The venture, expected to be completed by 2025, will i...

BP and JERA Join Forces to Invest $5.8B in Offshore Wind Energy

BP plc and JERA form a joint venture, JERA Nex bp, to focus on offshore wind energy production with a potential net generating capacity of 13GW. The companies plan to invest up to ...