The global shift towards low-carbon energy to address greenhouse gas emissions and climate change has prompted major energy companies to transform their operations. This is driving growth in demand for cleaner fuels and their delivery logistics. As a result, we are seeing significant interest in M&A activity in the fuel distribution and logistics segment. Superior, […]
Aviation Biofuels: Gaining the Attention of Major Oil Companies
BP has recently announced a $30 million investment in Fulcrum BioEnergy, a producer of aviation biofuels. As part of the investment, BP has taken an equity stake in the company and has also agreed to purchase 50 million gallons of bio-based jet fuel per year for the next ten years. Fulcrum has also partnered with the […]
Improving Capital Projects with Modularization
Capital projects drive growth in the oil and gas industry and, yet, are plagued by cost and schedule overruns. In 2015 there were an estimated 800 oil and gas projects costing over $500 billion and one-third will end up facing delays. Operators are constantly searching for ways to improve performance, meet schedules, and reduce costs. […]
Continued growth for U.S. onshore wind energy projects
Executing on a strategic decision to focus on the U.S. onshore wind energy market, BP has exiting from other countries. It has just sold 100 MW of wind energy capacity in India to Green Infra Limited, an independent power producer backed by India’s infrastructure-focused private equity group, IDFC. BP’s decision mirrors those of Shell and […]
BP’s Tiber underscores difficulty of finding oil
Last week, BP announced a major oil discovery — Tiber — in the Gulf of Mexico. This discovery strengthens BP’s leadership in the Gulf of Mexico where it already produces more than 400,000 barrels per day and operates two of the largest fields, Atlantis and Thunderhorse. BP has exceeded its reserve replacement ratio by 100% […]