Total enters natural gas business in the US
French oil firm Total has become the most recent oil giant to enter the US non-conventional gas sector after declaring a joint venture with Chesapeake, a US natural gas producer. Total will get 25 per cent of Chesapeake's Barnett Shale natural ...
by editor January 4th, 2010
ETI grants over £53 million for 15 energy projects
The Energy Technologies Institute (ETI), the association commissioned to develop the engineering and technology approaches that will support the UK to meet its carbon emission targets in 2050, published a summary of the projects it has financed in 2009. In total, ...
by Justin Becks December 22nd, 2009
BP Sells Wind Farm Assets in India
BP just announced that they have sold their wind farm in India today, just another sign of BP's efforts to diminish their internationally holdings in the renewable energy sector. BP also recently disbanded their London renewable energy headquarters saying they ...
by Samantha Donovan September 17th, 2009
BP Makes Large Oil Well Discovery In Gulf of Mexico
Last week BP, proved the Gulf of Mexico was still an untapped oil resource when they announced their finding of a large, as-of-yet undiscovered oil well in the Gulf. It is predicted that the new find may house up to ...
by Lynnette Adamson September 7th, 2009
BP Makes Bid for Oil Stake in the Gulf of Mexico
BP, a large British energy firm, continues to expand into the offshore energy market. The energy company just placed a large bid for a stake in deepsea oil wells in the Gulf of Mexico to the tune of $28.1 million. The company is a major oil player in the United States,
by Lynnette Adamson August 21st, 2009
BP Expanding Oil Interest in Libya
BP will be looking to expand its energy interests in Libya. The energy market is expected to boom in Libya, as British companies begin to invest more heavily in the country. Currently BP is looking to begin oil drilling in the area, and has already begun seismic testings in anticipation of
by Jason Drew August 19th, 2009
BP Partners With Martek To Distribute Biofuel
BP, an oil company based out of London, announced today a joint venture with Martek Biosciences to develop microbial oils to produce biofuel. BP will invest $10 million in the project which will expand over several years to improve the process of converting sugar to biofuel. Martek, based out of Columbia,
by Jason Drew August 12th, 2009
BP Profits Fall Nearly 53 Percent
For BP, their second quarter net profits was not what they were hoping to see. In fact, their second quarter net profits have fallen 53 percent. This news came in according to the results of a statement from the energy giant themselves. Despite the fact that BP has had a higher
by Jason Drew July 30th, 2009
BP May Sell off Renewable Business
BP today informed the public that it could put its $7bn wind and solar energy businesses up for sale. In a radical change from the 'Beyond Petroleum' future envisaged by his predecessor Lord Browne, chief executive Tony Hayward today stated that green energy will no longer be a BP
by Emma Young February 29th, 2008
