UK-based Lightsource BP, Europe’s biggest solar energy developer, has completed its first big solar project in India, it said on Monday.
BP does not yet foresee a shortfall in oil supplies in the coming years due to a fall in investments across the sector, the company’s Chief Financial Officer Brian Gilvary said on Thursday.
Oil major BP said on Tuesday its venture capital fund invested $20 million in Israeli firm StoreDot, which developed a battery system that could potentially charge an electric car in the amount of time it takes to fill a gas tank.
BP made a mistake in its 2018 World Energy Outlook by underestimating the speed of renewables adoption, notably solar capacity.
BP India plans to invest more than $2 billion in its upstream ventures in the Indian market over the next few years, said Sashi Mukundan, BP Group’s regional president and head of India.
Oil giant BP Plc expects almost a tenth of its global earnings from India over the next decade as it bets big on natural gas output, marketing and renewable initiatives in the subcontinent, a top regional executive of the company said.
A senior economist at BP said on Friday that rapid growth of renewables is leading to a fuel mix that could be the most diversified ever, with the largest increase in China, Xinhua reports.
A government oversight panel headed by DGH today approved USD 4 billion investment plan of Reliance Industries and BP plc for developing three sets of natural gas discoveries in the KG-D6 block in the Bay of Bengal.
India will overtake China as the largest growth market for energy by late 2020s with the country’s energy consumption growing by more than 4.2 per cent per annum, the fastest among all major economies of the world, according to BP Energy Outlook 2018.
The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP (BP.L) said, forecasting a peak in demand for the first time.