British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in...

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production,...

BP is expected to announce it will slash its renewable energy investments and instead focus on increasing oil and gas production. The energy giant...

The company has announced it will increase its oil and gas production to around $10bn a year while cutting its investment in renewables and the...

BP states that annual spending on oil and gas will rise by almost 20%, while the same on renewable energy businesses will be cut by more than $5...

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

The first quarter of 2025 is not yet complete and it has already been a tumultuous year in terms of energy and moreover, energy...

Shift follows pressure from activist hedge fund Elliott Management

An oil and gas expert, Mr Vincent Ajilo, has urged the Federal Government and investors in the oil and gas sector to embrace alternative crude oil...

Firm confirms plans to scale back green energy efforts and ‘fundamentally reset’ strategy