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BP’s green energy targets will be tough to meet

LONDON (Reuters) – BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators. The B... More »

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Australia backs BP’s study to produce hydrogen from wind, solar

MELBOURNE (Reuters) – BP Plc has won Australian government backing for a feasibility study into producing hydrogen using wind and solar power to split water and converting the hydrogen to ammonia in Western Australia. The Australian Renewable Energy Agency sai... More »

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Exclusive: BP back on its feet but CEO senses no respite

LONDON (Reuters) – After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed. “It doesn’t feel like we are in a serene time for any energy com... More »

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BP, Eni deepen blockchain trading in European gas

Signboards display fuel prices at an ENI petrol station in Rome, Italy, April 9 2016. REUTERS/Alessandro Bianchi Oil majors BP and Eni are deepening their foray into blockchain technology, starting to run blockchain trades in parallel with their live trading s... More »

BP sticks with major arts sponsorship despite profits slump

LONDON BP has agreed to renew five-year sponsorship deals with several British cultural institutions, including the British Museum, just days after reporting a 45 percent drop in profits. In May the British Museum was forced to temporarily close after Greenpea... More »