Vintage photo of BP's head office at Britannic House Skyscraper in London

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In February 2020, BP announced a Joint Venture with EnBW to develop and operate 3GW off Offshore Wind capacity in the Crown Estate Leasing Round 4. [189] This is BP's first move into Britain's Offshore wind market, however, BP currently provides a range of services to the Offshore Wind sector in the UK through its subsidiary ONYX InSight who provide a range of Predictive Maintenance and Engineering Consultancy services to the sector. [190] First, the realisation that Russia’s invasion of Ukraine could ultimately cause the energy transition to accelerate. Clair Ridge is the second phase of development of the Clair field, 75 kilometres West of Shetland. The field, which was discovered in 1977, has an estimated seven billion barrels of hydrocarbons. In addition to the platforms, the Clair Ridge project also included new pipeline infrastructure with the installation of a 5.5-kilometre, 22-inch oil export pipeline tying into the Clair Phase 1 export pipeline. Oil from Clair is exported to the Sullom Voe Terminal on Shetland.

bp and Uber today announced a new global mobility agreement which will see the companies work together to help accelerate Uber’s commitment to become a zero-tailpipe emissions mobility platform in the US, Canada and Europe by 2030 and globally by 2040.

9. Wild Bean Cafe - London Borough of Tower Hamlets

BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, today announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK. As of 31December2018 [update], BP had operations in 78countries worldwide [1] with the global headquarters in London, United Kingdom. BP operations are organized into three business segments, Upstream, Downstream, and renewables. [180] In the unlikely event of an emergency during our meeting, please follow instructions from our team of ushers and the Excel staff, who will lead you to safety.

In addition to its offshore operations in the British zone of North Sea, BP has interests in the Norwegian section of the sea through its stake in Aker BP. As of December2018 [update], BP holds a 19.75% stake in Russia's state-controlled oil company Rosneft. [133] [135] [245] A new 14.6-kilometre, six-inch gas export pipeline tying Clair Ridge into the West of Shetland Pipeline Systems (WOSPS) was also installed as part of the project. The WOSPS transports gas from West of Shetland to the Sullom Voe Terminal. On 1 September 2003, BP and a group of Russian billionaires, known as AAR ( Alfa– Access– Renova), announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine. As a result, TNK-ВР was created. [100] Further information: Anglo-Iranian Oil Company and Iraq Petroleum Company William Knox D'Arcy A BP Motor Spirit advertisement from 1922 Today, thousands of London EV drivers on Uber use bp pulse for their charging needs, averaging over 2500 charges per week on more than 1000 different charge points this year. The relationship includes access to charge points at bp pulse charging hubs in London’s Park Lane and Kentish Town. The two businesses continue to work together to identify the best locations for charging hubs for the benefit of Uber drivers and the wider EV community.And I’m grateful for the leadership shown by Bernard and his team in enhancing the safety of bp’s operations – something he will say more about shortly.

But it should lead to the creation of a better, more resilient – as well as a decarbonized – energy system. After World War I, APOC started marketing its products in Continental Europe and acquired stakes in the local marketing companies in several European countries. Refineries were built in Llandarcy in Wales (the first refinery in the United Kingdom) and Grangemouth in Scotland. It also acquired the controlling stake in the Courchelettes refinery in France and formed, in conjunction with the Government of Australia, a partnership named Commonwealth Oil Refineries, which built the Australian's first refinery in Laverton, Victoria. [26] In 1923, Burmah employed Winston Churchill as a paid consultant to lobby the British government to allow APOC have exclusive rights to Persian oil resources, which were subsequently granted by the Iranian monarchy. [34]Oil & Gas UK Chief Executive Deirdre Michie added: “First oil at Clair Ridge represents a major milestone in BP’s developments West of Shetland, the frontier region which is likely to have the greatest potential to expand current UK production. It’s greatly encouraging to see one of the basin’s original explorers using new, ambitious approaches and pioneering technology to help lead a revival in production. This is another firm step towards maximising economic recovery from the basin.” We judged that bp has the capabilities with which to help build the energy system of the future – capabilities that we believe can create value for our shareholders along the way. In 2018, BP acquired Chargemaster, which operated the UK's largest electric vehicle charging network. [156] In 2019, BP and Didi Chuxing formed a joint venture to build out electric vehicle charging infrastructure in China. In September 2020, BP announced it will build out a rapid charging network in London for Uber. [157] By entering the competition, all entrants will be deemed to have accepted and agreed to be bound by these rules.

They are executing a strategy that your board believes should see bp successfully through the energy transition. The father of Ali Hussein Jaloud, who died days before the meeting from a form of leukaemia that has been linked to chemicals released by flaring gas, asked BP why it could not use its profits to help save his son’s life. Under John Browne, British Petroleum acquired other oil companies, transforming BP into the third largest oil company in the world. British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998, becoming BP Amoco plc. [88] [89] Most Amoco stations in the United States were converted to BP's brand and corporate identity. In 2000, BP Amoco acquired Atlantic Richfield Co. (ARCO) and Burmah Castrol. [90] [91] [92] [93] Together with the acquisition of ARCO in 2000, BP became owner of a 33.5% stake in the Olympic Pipeline. Later that year, BP became an operator of the pipeline and increased its stake up to 62.5%. [94] [95] Bernard Looney, BP Chief Executive Upstream, said: “The start-up of Clair Ridge is a culmination of decades of persistence. Clair was the first discovery we made in the West of Shetland area in 1977. But trying to access and produce its seven billion barrels proved very difficult. We had to leverage our technology and ingenuity to successfully bring on the first phase of this development in 2005. Ariel Flores, Regional President for BP’s North Sea business, said: “Safely delivering first oil from Clair Ridge, in some of the harshest conditions in the UKCS, is the result of years of planning and hard work by BP, our partners and supply chain colleagues. We are proud to have played our part in this pioneering project and are excited for the Clair region’s continued potential.”As part of the merger's brand awareness, the company helped the Tate Modern gallery of British Art launch RePresenting Britain 1500–2000. [96] In 2001, in response to negative press on British Petroleum's poor safety standards, the company adopted a green sunburst logo and rebranded itself as BP ("Beyond Petroleum") plc. [89] Steven Koonin, BP's then-Chief Scientist, speaking in the company boardroom in 2005 (top right of picture) BP Upstream's activities include exploring for new oil and natural gas resources, developing access to such resources, and producing, transporting, storing and processing oil and natural gas. [257] [258] The activities in this area of operations take place in 25countries worldwide. In 2018, BP produced around 3.7 million barrels per day (590 × 10 This string of developments will follow from 2017’s seven major project completions and is key to delivering the 900,000 barrels of oil equivalent new production that BP expects from new upstream major projects by 2021. Uber aims to have 100% of rides on the platform in electric vehicles, micromobility or public transit by 2040; bp’s ambition is to become a net zero company by 2050 or sooner and to help the world get to net zero.