BP has 'dramatically reduced' oil and gas exploration, executive claims

Michael Holder
clock • 5 min read

Dominic Emery, VP for strategic planning at BP, suggests sizeable chunk of firm's existing oil and gas resources could remain in the ground as it invests in new business models

BP has "dramatically" reduced its oil and gas exploration activity in recent years, and a sizeable amount of its existing fossil fuel resources may never come out of the ground, a key figure in charge...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Credit: iStock

'Colder and poorer': Scrapping efficiency rules to cost renters in swing seat an extra £40m a year

Almost 250,000 households in marginal seats are set to collectively pay an extra £40m in energy bills following the scrapping of energy efficiency standards, new analysis claims

Stuart Stone
clock 07 December 2023 • 6 min read
Low Carbon publishes blueprint for portable power plants for sports teams

Low Carbon publishes blueprint for portable power plants for sports teams

New guidance aims to help touring sports teams can tap renewables resources

Cecilia Keating
clock 07 December 2023 • 2 min read
Credit: Orsted

'Rebuild investor confidence': Government urged to move quickly to unlock £900bn net zero energy investment opportunity

NatWest and Boston Consulting Group urges government, business, and investors to cooperate to overcome barriers to mobilising capital spending to transform UK electricity system

Michael Holder
clock 06 December 2023 • 6 min read