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BP p.l.c. (BPAQF)
- Reuters
BP starts oil production at new offshore platform in Azerbaijan
BP has started oil production at a new Azeri Central East (ACE) offshore platform in the Caspian Sea, the company said on Tuesday, bolstering declining oil output in the ex-Soviet country. The ACE platform is the seventh oil platform installed in the giant Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. ACG first began production in 1997 and has since produced more than 4.3 billion barrels of oil.
- The Telegraph
Britishvolt’s gigafactory site sold off in electric car blow
US private equity investors have bought the site of what had been hoped would become Britain’s first electric car battery gigafactory in a blow to Britain’s net zero ambitions.
- Reuters
Exclusive-BP's EV charging arm cuts jobs, reduces global ambitions
LONDON (Reuters) -BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn't pay off, company sources said. The changes at BP Pulse are part of CEO Murray Auchincloss's efforts to focus on the British company's most profitable segments as it battles investor doubts over its plan to shift away from oil and gas to low-carbon energy. BP Pulse in recent months reduced the number of countries it focuses on from 12 to four - the United States, Britain, Germany and China - where it expects the fastest growth in the EV market, BP told Reuters.
