Latest BP Plc News

T. Boone Pickens, oilman and renewables advocate, dies at 91

Sep. 11, 2019 6:39 PM EDT

OKLAHOMA CITY (AP) — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said....

Biden defends campaign fundraiser with natural gas investor

Sep. 4, 2019 11:25 PM EDT

WASHINGTON (AP) — Joe Biden is defending himself against criticism that the co-founder of a liquefied natural gas firm is hosting a fundraiser for him despite his pledge not to accept fossil fuel money for his 2020 presidential bid. The former vice president said Wednesday during a CNN climate town hall...

UK currency volatile as investors try to gauge Brexit risks

Sep. 3, 2019 12:19 PM EDT

LONDON (AP) — The pound on Tuesday touched its lowest level against the dollar since 1985, excluding a brief "flash crash" in 2016 that may have been caused by technical glitches, as international investors fret over a political showdown over Brexit this week. The British currency fell as low as $1.1960,...

EPA moves to revoke rules on oil industry methane leaks

Aug. 29, 2019 5:01 PM EDT

WASHINGTON (AP) — The Trump administration moved Thursday to revoke regulations on methane leaks from oil facilities, a proposal environmental advocates said would renounce key federal authority to regulate the climate-damaging gas. The proposed rule follows President Donald Trump's directions to remove...

BP's departure could leave a big hole for Alaska nonprofits

Aug. 28, 2019 8:47 PM EDT

JUNEAU, Alaska (AP) — BP's plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. BP on Tuesday announced it would sell its Alaska assets to Hilcorp in a deal expected to close next year. BP, which has...

BP to shed Alaska assets, sell to Hilcorp Alaska for $5.6B

Aug. 27, 2019 8:33 PM EDT

JUNEAU, Alaska (AP) — BP plans to sell its interests in Alaska's once prodigious North Slope to a company seen as having a reputation of giving new life to aging fields. The sale to Hilcorp Alaska, an affiliate of Texas-based Hilcorp Energy Co., would be worth $5.6 billion, and include interests in the...

Saudi Aramco readies for IPO with deal with India's Reliance

Aug. 12, 2019 9:49 AM EDT

NEW DELHI (AP) — Oil giant Saudi Aramco is set to buy 20% of Indian conglomerate Reliance Industries' oil and chemicals business for about $15 billion, in a deal that gives it further heft and diversity ahead of a long-awaited IPO. For India, the preliminary agreement amounts to one of the country's...

Adding 3 miles of breakwaters at Louisiana wildlife refuge

Aug. 10, 2019 10:37 AM EDT

ROCKEFELLER WILDLIFE REFUGE, La. (AP) — Louisiana is adding three miles of breakwaters to protect a state wildlife refuge where the shoreline is rapidly eroding and the bottom is extremely soft. The new work is in addition to four miles of breakwaters already built along the Rockefeller Wildlife Refuge in...

BP says 2nd quarter earnings were flat

Jul. 30, 2019 5:47 AM EDT

LONDON (AP) — BP says second-quarter earnings were flat as increased production offset lower oil prices. Its underlying replacement cost profit — the industry's preferred measure — remained at $2.81 billion. Production rose 4% from a year earlier to the equivalent of 3.8 million barrels of...

Alaska plan to partner with Chinese on gas line scrapped

Jul. 27, 2019 11:04 AM EDT

ANCHORAGE, Alaska (AP) — Former Gov. Bill Walker's push to work with partners in China to advance a major liquefied natural gas project in Alaska has been scrapped. Walker's successor, Gov. Mike Dunleavy, is taking a different approach, reports the Alaska Journal of Commerce. Joe Dubler, interim president...