The company intends to offload the business for an undisclosed sum to LS Power as part of plan to shed US$20 billion in assets.

While the stock has not outperformed its peers over the past five years, the company has become a potential takeover target for larger firms. Even if a takeover doesn’t happen, the activist investor ...

In a surprising move, BP has announced its decision to pull out of a massive green hydrogen project in Australia. The ...

BP will exit its role in a massive green hydrogen production facility planned in Australia as the British oil major refocuses ...

BP has exited the gigantic Australian Renewable Energy Hub (AREH), which would feature up to 26 gigawatts of upstream wind and solar, much of which would have been used produce hydrogen and ammonia.

One Rock Capital Partners, a US mid-market private equity firm, is one of the few remaining bidders for BP Plc’s Castrol ...

BP's Castrol unit has secured a bid from US private equity firm One Rock Capital Partners, one of the few remaining bidders ...

(Reuters) -One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's Castrol ...

BP has reversed its renewable energy ambitions to refocus on oil and gas production, appointing a new chair and selling off ...

BP announced today that it has agreed to sell its US onshore wind business, BP Wind Energy North America Inc., to LS Power.

The energy giant is revamping its board and implementing a new strategy in an attempt to boost its share price.

Global petrochemical sector is undergoing a significant transformation with closures and disposals, particularly in Europe, ...