BP (BP) CEO Bernard Looney dismissed criticism the company overpaid for offshore wind leases in Germany, saying the project will be profitable because of a long-term shortage of green power.

BP Plc boss Bernard Looney rebuffed criticism that his company overpaid for offshore wind leases in Germany, saying that a long-term shortage of green power in the region will make the project ...

BP backs away from US offshore wind. By Benjamin Storrow | 02/07/2024 06:05 AM EST . The British petroleum giant indicated that it would prioritize oil and gas production.

BP is moving into offshore wind power for the first time with a $1.1 billion investment in the United States, as the company pushes into clean energy following a century of oil exploration.

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

LONDON, Dec 9 (Reuters) - BP (BP.L), opens new tab and Japanese power generator JERA have agreed to join forces to form one of the world's largest offshore wind operators, a major step in CEO ...

BP currently does not have any offshore wind farms in operation. The offshore business has stakes in projects in Britain, Germany, the United States and Asia, and had a pipeline of projects with a ...

British oil company British Petroleum (BP) and Japan's largest power firm JERA have created an equally owned joint venture to create one of the world's biggest global offshore wind businesses. BP ...

BP spins off offshore-wind business in joint venture with JERA, in pullback from renewables The two companies pledged to invest a combined sum of up to $5.8 billion into the joint venture by 2030.

BP and Equinor are developing two offshore wind ventures, referred to as Empire Wind 1 and Empire Wind 2, within their leased area, situated 12 nautical miles south of Long Island, NY, and 16.9 ...