BP p.l.c. (NYSE:BP) reportedly implemented a hiring freeze and halted new offshore wind projects, shifting focus back to oil and gas due to investor dissatisfaction with the company’s energy ...

As a Whiting resident, Lisa Vallee is happy to no longer worry about BP’s proposed carbon sequestration project. “It seems, on the surface, like it’s such a great idea,” said Vallee, who is also the ...

In a statement, the company cited economic uncertainty, the slow-developing hydrogen market and BP’s renewed focus on oil and gas, among its reasons for its halt on the carbon storage project. Oil ...

LONDON (Reuters) - BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its ...