Tuesday, April 21, 2026
BP enters offshore wind with $1.1 billion Equinor deal- oil and gas 360

BP enters offshore wind with $1.1 billion Equinor deal

Reuters OSLO/LONDON – BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway’s Equinor, a significant step by the oil firm towards its energy transition goals. The British oil and gas company has set itself a target of increasing its renewable power generation capacity 20 fold over

Russia's Rosneft starts its first solo hard-to-recover oil project- oil and gas 360

IEA calls for ‘dramatic’ scaling up of clean energy tech to meet climate goals

CNBC MOSCOW – Russia’s largest oil producer, Rosneft, said on Thursday it had started to drill an exploration well at a hard-to-recover oil project, its first without any partners. Russia plans to develop hard-to-recover oil and shale but is hampered by Western sanctions over Moscow’s annexation of Crimea from Ukraine in 2014. Rosneft has started to drill a first exploration