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’s spend was bigger than anything seen in recent offshore wind tenders and earned the right to develop and build the N11.1 and N12.2 zones. Each has a capacity for 2 GW of offshore wind.

Around 3,000 people have applied for the roles externally, while 600 BP employees have registered an interest in an internal offshore-wind training program. BP has no shortage of project managers ...

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 ...

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 ...

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 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.