The cost of extracting a barrel of crude oil quadrupled from 1996 to 2014. There are many reasons for this although at least three that have played a major role. First, higher safety standards, excessive documentation, internal processes (we have previously written about how BP was able to cut $10 million by standardizing specifications), and […]
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 […]