BP PLC (LSE:BP.) has sold a 20% stake in its trans-Adriatic pipeline business to private equity group Apollo and put its US onshore wind energy business up for sale.
BP enlists ABS to provide critical engineering services for its Kaskida FPU, which is set to produce 80,000 barrels of oil per day in the Gulf of Mexico by 2029.
BP said on Monday it plans to sell its existing U.S. onshore wind energy business, which has interests in ten operating onshore wind energy assets across seven U.S. states.
Apollo Global Management has signed a $1 billion deal with BP Plc to fund its stake in the Trans Adriatic natural gas pipeline, Bloomberg News reported on Monday, citing a statement seen by them.
BP's 25 MW green hydrogen project, in partnership with Iberdrola, is set to be developed through their 50-50 joint venture Castellon Green Hydrogen S.L.
In the closing of the recent trading day, BP (BP) stood at $31.29, denoting a +0.45% change from the preceding trading day.
BP is divesting four mature gas fields in Trinidad & Tobago to Perenco as part of its strategy to refocus on the region's shallow, deepwater and high-growth opportunities.
24/7 Wall St. Insights It's been confirmed that the Federal Reserve will start lowering interest rates this month.
In the latest trading session, BP (BP) closed at $32.41, marking a -1.4% move from the previous day.
BP PLC (LSE:BP.) has agreed a deal to offload its mature assets in Trinidad and Tobago, though it will retain a presence with a focus on newer shallow water fields.
AI is in and energy is out. As usual. Which is just dandy for contrarian dividend investors like us.
BP's Cherry Point refinery is set to produce jet fuel from crops and waste, backed by a $27 million federal grant, creating jobs and boosting green aviation.