Oil and Gas Energy Transition

News, analysis and insights into how major oil and gas companies are preparing for a lower-carbon future through mergers and acquisitions and new innovations as the energy transition changes business models and policies across the world.

Big moves announced in UK battery storage

Two new projects are set to get under way in the UK, aimed at progressing development of battery storage.

BP Energy Outlook finds renewables firmly competitive with fossil

BP’s annual Technology Outlook, released last week, shows that renewable energy is at least as competitive as fossil fuels in the current energy mix.

BP considers bid for Italian solar jewel

BP is mulling a potential $1.8bn bid for one of Italy’s largest collections of solar assets.

Statoil and Masdar in floating windpower energy storage pact

Abu Dhabi-based clean energy company Masdar has signed an offshore wind energy storage pact with Norwegian multinational Statoil.

Iran to upgrade power plant serving world’s biggest gas field

Iran is set to upgrade a power plant serving the world’s largest gas field. 

BP analysis suggests shift away from coal ‘decisive’

UK-based oil giant BP says, that despite the Trump administration’s soundings about reviving coal, its analysis suggests the fossil fuel’s decline is decisive.

BP chief makes strong comments on coal power and CCS

The chairman of BP, Bob Dudley, told a press briefing at his company’s annual general meeting on Wednesday that using gas power would ensure the world meets the decarbonisation targets set out in the Paris Agreement.

BP drops plans for £400m heat and power plant

BP has decided not to go ahead with the Grangemouth combined heat and power plant, blaming a challenging business environment.

BP warns carbon emissions will rise without more policy action

Energy demand in the European Union in 2035 will be “back to where it was 50 years earlier”, despite the economy being almost 150 per cent bigger.

BP chooses cogeneration for Scottish oil terminal

BP has applied to the Scottish government to build a combined heat and power plant at Kinneil Oil Terminal in Grangemouth.

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