BP

BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit

Prior to heading Woodside Energy, she spent 23 years at ExxonMobil

The Tiber FPU will share more than 85% of its design with the Kaskida FPU (pictured).

Seatrium bags new BP contract; lifts order book to more than S$2 billion

The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP

Chief executive Murray Auchincloss expects completed or announced asset sale agreements to reach around US$5 billion this year.

BP profit beats expectations, helped by refining margins

It made an underlying replacement cost profit, or adjusted net income, of US$2.21 billion

The continued corporate focus on deep-water drilling highlights that the risk appetite of major oil firms remains high.

Drill, baby, drill: Has Big Oil learnt anything from Deepwater Horizon?

The legacy of history’s largest marine spill is back in focus as the industry prepares to go even deeper

The company said the US business, comprising 10 operating wind assets, would be bought by American company LS Power for an undisclosed amount.

BP to sell onshore wind business in US

BP is seeking to cut cleaner energy investment by more than US$5 billion annually

BP’s prolonged period of under-performance stems in large part from a net zero strategy embraced by former chief executive officer Bernard Looney.

Shell says it has no intention of making an offer for BP

The announcement quells speculation that the UK’s two oil majors would end up combining

Shell is evaluating a potential acquisition of BP, but is taking a cautious wait-and-see strategy.

Where are Shell’s animal spirits for a BP deal? 

There aren’t always first-mover advantages in the merger market

BP has been battling prolonged underperformance stemming in large part from a net-zero strategy embraced by its former chief executive officer Bernard Looney.

Shell is studying merits of BP deal as rival’s stock slumps

A successful combination of the companies would be one of the oil industry’s largest-ever takeovers, bringing together the iconic British majors in a deal that’s been discussed on and off for decades

BP bought back US$750 million in shares, at the low end of its guided range, and announced plans to purchase a further US$750 million worth this quarter.

BP reports lower-than-expected profit of US$1.4b

It fell below the US$1.53 billion expected by analysts in a company-provided poll

Lund (seen here in 2019) said in a statement: “Now is the right time to start the process to find my successor and enable an orderly and seamless handover.”

BP chair Helge Lund to step down amid Elliott campaign

Activist hedge fund Elliott is pushing for more change at the company