At the height of the spill, an oil slick spread over 685 square miles (1,776 square kilometers), twice the size of New York City. Nigerian regulators later fined the subsidiary Shell Nigeria ...

In the strategy reset at the end of February, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 ...

A Plainview hotel was temporarily evacuated Monday following a chemical spill, officials said. Around 1:40 p.m., an employee of the Homewood Suites by Hilton-Melville on Round Swamp Road in ...

Lund joined the board of BP in 2018 and was elected chairman a year later. Get the latest oil and gas industry and decarbonisation news. Subscribe to Upstream today. During his tenure, he oversaw ...

In a major reset back to oil and gas, BP said in February that it would increase its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than ...

SINGAPORE: Four crew members of a Dutch dredger that hit a bunker vessel in June 2024, resulting in a massive oil spill in Singapore, were fined on Wednesday (Apr 2) for failing to discharge their ...

BP is shutting its low-carbon mobility team in the energy major’s latest retreat from its five-year-old attempt to diversify away from oil and gas. The unit was responsible for developing ...

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...

The decision aligns with BP’s recent strategy reset, which involves increasing investment in oil and gas while scaling back spending on renewables. The final investment decision (FID ...

(Bloomberg) — BP Plc Chairman Helge Lund plans to step down as the struggling oil major pivots away from the net zero strategy he championed amid pressure from Elliott Investment Management. Lund was ...