Page 2 - Bp

BP's venture capital arm looks to India in clean mobility drive

So far, bp ventures only has one Indian investment - it put $13 million into EV ride-hailing firm BluSmart in September - and the country makes up about 2% of its $800 million portfolio

Global oil demand back above 100 million barrels a day, says BP

Company posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

BP invests about Rs 97 crore in BluSmart, its first fund in India

BluSmart will use the capital to expand its fleet of electric vehicles (EVs) and charging stations from its home city of Delhi to five additional Indian cities in the next two years

BP leads $25 mn funding round in EV ride-hailing start-up BluSmart

BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors, the firm said in a statement. "BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years," it said. The statement, however, did not say the funding will translate into how much equity holding in BluSmart. Sophia Nadur, managing partner at BP Ventures, will join BluSmart's board. To date, BP Ventures has invested almost USD 800 million in more than 60 companies across seven geographies. BP Ventures was set up more than 10 years ago to identify and invest in private, high growth, game-changing technology companies, accelerating innovation across the entire energy ...

Jio-bp partners with BluSmart to set up EV charging infra in India

BluSmart, through its all electric fleet, provides zero-surge and zero-tailpipe emission ride-hailing service in the Delhi NCR

Reliance, BP start production at Satellite Cluster ahead of schedule

The second of the three deep-water gas developments, planned jointly, was expected to start production in mid-2021

Gas price for ONGC remains at decade low of $1.79, falls 11% for RIL-BP

The government on Wednesday left the price of natural gas produced by companies such as ONGC unchanged at a decade-low rate of USD 1.79

Covid-19 crisis: BP reports first loss in a decade after 'brutal' year

For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts' forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday

Reliance-BP invites bids for gas from KG-D6, priced against int'l benchmark

Reliance and its partner UK's BP invited companies to bid for incremental gas it plans to produce from the second-wave discoveries in the KG-D6 block

RIL, BP find gas from KG Basin's R-cluster, Asia's deepest offshore field

The two companies are developing three deepwater gas projects in block KG D6, which together are expected to meet 15 per cent of India's gas demand by 2023

Buying jewel in the crown: BPCL a revenue churner, not a drain on finances

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

BP reports net profit at $100 million in Q3 on stronger oil prices

Compared with a forecast of a loss of $120 million in a company-provided survey of analysts

Top headlines: FM sees near zero GDP growth in FY21, Pompeo backs India

India's economy is on the mend but GDP growth may be in negative zone or near zero this fiscal, says the Finance Minister.

BP wants bigger pie of India fuel market, bats for natural gas under GST

Firm to create 80,000 jobs by increasing fuel retail outlets, along with Reliance, to 5,500 in 4-5 yrs

BP eyes India's fuel market, wants natural gas under GST regime

BP Group chief executive Bernard Looney said his firm in partnership with Reliance will set up 5,500 retail sites for petrol and diesel; also offer mobility solutions like EV charging facility

BP spending $1.1 billion to enter offshore wind market with Equinor

The British oil and gas company has set itself a target of increasing its renewable power generation capacity 20 fold over the coming decade to 50 gigawatts (GW)..

In pics: Reliance in Fortune's top 100 global companies; see top 10 list

According to the Fortune, this year, Global 500 companies employ 69.9 million people. Check out the list to know more

Oil firms collectively cut the value of their assets by nearly $50 bn in Q2

London-based BP has previously said it plans to cut its overall output by roughly 1 million barrels of oil equivalent (boepd) by the end of 2030 from its current 3.6 million boepd

BP poised to sell 'stranded assets' even if oil prices rally: Report

Major oil companies typically hold assets for the long term, even when crude prices plunge, with a view to start bringing more marginal production online when market conditions improve

BP halves dividend after record $ 6.7 billion loss in second quarter

All major oil companies suffered in Q2 as lockdowns to contain coronavirus limited travel and oil prices fell to their lowest in two decades