Today, we face the dual challenge of meeting society’s need for more energy, while at the same time reducing carbon emissions. As scientists and engineers, we recognise the urgency of the climate challenge - and will be part of the solution.
Our industry is changing faster than at any time in our lifetime. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns.
BP will help drive this transition – and our business will be transformed by it.
BP Shipping has a key role in support of this vision moving BP’s oil and gas across the world’s oceans. We enable competitive advantage for BP by managing shipping risks and delivering innovative and agile marine solutions.
The BP Group - How we fit in
Liquefied Natural Gas (LNG) is a big part of BP’s lower-carbon strategy and BP Shipping has a vital role in the complex job of transporting it to consumers
Technology is ever-present in all that we do – from safely discovering and recovering oil and gas, to alternative energy, digital, and lower carbon fuels and products
In June 2018, we launched the first of six new Liquefied Natural Gas (LNG) vessels in support of the group’s shift to gas and the lower carbon agenda. With the remaining five to launch by April 2019, we have a vital role in the complex job of transporting LNG to consumers.
These state-of-the-art vessels will enable us to meet substantial growth in demand for LNG in established markets such as India, China, the US and Australia, coupled with the arrival of new consumer markets, such as Pakistan, Jordan, Egypt and Bangladesh.
BP Shipping is the oldest continuous business unit in the BP group, starting life in 1915 as the British Tanker Company Limited, carrying oil products from Persia.
For more than 100 years we have helped shape the shipping industry from the development of large tankers to the invention of the inert gas system and the latest state-of-the-art LNG vessels.
The history of BP Shipping
BP Shipping is the oldest continually operating heritage company in the BP Group, starting life as the British Tanker Company in 1915 and formed to carry products for the Anglo-Persian Oil Company
We believe having a balanced portfolio with advantaged oil and gas, competitive downstream and low carbon activities, as well as a dynamic investment strategy give us resilience
The Energy Outlook makes projections to 2040 and beyond, while the Statistical Review provides historic data on world energy markets