BP (BP) CEO Bernard Looney dismissed criticism the company overpaid for offshore wind leases in Germany, saying the project will be profitable because of a long-term shortage of green power.

BP Plc boss Bernard Looney rebuffed criticism that his company overpaid for offshore wind leases in Germany, saying that a long-term shortage of green power in the region will make the project ...

BP plc BP, a British oil and gas giant, has entered into an agreement to divest its U.S. onshore wind business to LS Power, a U.S.-based energy firm. This move is part of BP’s “strategic reset”, ...

BP's latest U.S. wind sale is part of its plan to sell much of its solar and offshore wind businesses too as it scales back ...

BP backs away from US offshore wind. By Benjamin Storrow | 02/07/2024 06:05 AM EST . The British petroleum giant indicated that it would prioritize oil and gas production.

BP is moving into offshore wind power for the first time with a $1.1 billion investment in the United States, as the company pushes into clean energy following a century of oil exploration.

Around 3,000 people have applied for the roles externally, while 600 BP employees have registered an interest in an internal offshore-wind training program. BP has no shortage of project managers ...

BP owns interests in several offshore wind projects in regions like Britain, Germany, the United States and Asia. However, the company does not have any operational offshore wind farm at present.

BP last year took an impairment of $1.1 billion related to its U.S. offshore wind projects, based on the company's annual statement. It later broke up a U.S. offshore wind joint venture with ...

BP's head of offshore wind Matthias Bausenwein is leaving the company, a spokesperson told Reuters on Monday, after the oil major announced it was spinning off its offshore wind operations into a ...

BP spins off offshore-wind business in joint venture with JERA, in pullback from renewables The two companies pledged to invest a combined sum of up to $5.8 billion into the joint venture by 2030.