We achieved a significant milestone for the Mad Dog 2 development with Argos – a new semi-submersible floating production platform – now in position ahead of planned start-up in 2022.
employees in the state of Louisiana
total jobs supported
annual spend with >70 suppliers in 2020
We are on track to achieve our aim of zero routine flaring in our bpx energy US onshore operations by 2025. When we began operating these assets in 2019, flaring intensity was over 16%; today it is less than 1%, a 95% reduction.
The deal marks bp’s re-entry into fully owned and operated stores in the US and positions bp to be a leading convenience operator in the US Midwest.
Power Our acquisition of charging provider AMPLY Power has accelerated our entry into the US – one of the fastest growing fleet charging markets in the world.
These projects are aimed at improving the refinery’s efficiency, reducing its CO2 emissions and increasing its renewable diesel production capability. They are expected to create more than 300 local jobs over the next three years.
The projects span 12 states and are expected to have the capacity to generate enough clean energy to power around 1.7 million US homes once developed. The acquisition is a significant step towards bp’s target of having developed renewables to final investment decision of 20GW by 2025 and aim to increase this to 50GW by 2030.
EV charge points in Europe
retail sites in Europe
Global target to deliver
~50% margin share
from convenience and electrification by 2030
We are partnering with HyCC and the Port of Rotterdam on H2-Fifty, a project to build a 250MW green hydrogen plant at bp’s Rotterdam refinery in the Netherlands. The plant is scheduled for completion in 2025 and would use offshore wind power to produce 40,000 tonnes of green hydrogen a year, replacing the current grey hydrogen at the Port of Rotterdam refinery.
bp and Marks & Spencer agreed to extend their convenience partnership for bp’s UK retail forecourts until at least 2030, aiming to build on the success of our 16-year collaboration. The agreement combines bp’s expertise in forecourt retail with one of the UK’s leading food retailers. We plan to work together to evolve our offer to customers as their behaviours change over the coming decade.
bp and Energie Baden-Württemberg (EnBW) were awarded two offshore wind leases in the Irish Sea – Morgan and Mona – as well as a lease option off the east coast of Scotland, to be known as Morven. The projects are expected to have 3GW and 2.9GW total potential generating capacity respectively, marking further progress towards bp’s aim to rapidly build a world-class offshore wind energy business.
Lightsource bp, in which we have a 50% share, acquired an 845MW solar portfolio in Spain from Iberia Solar in 2021, as well as powering up its 247 megawatt peak (MWp) flagship solar project Vendimia in Zaragoza, Spain. Lightsource bp now has a total of 2.9GW of projects in development or under construction in Spain. The business also made new market entries into Greece and Poland in 2021, strengthening its position in Europe.
The chain directly connects upstream resources, transportation and trading with downstream gas customers.
The first cargo of gas was delivered under bp’s new terminal usage agreement at Guangdong Dapeng LNG Company Limited (GDLNG) import terminal in the Guangdong Province.
This milestone builds on gas supply agreements we signed with ENN Group and Foran Energy in 2020. For each, we have agreed to supply 300,000 tonnes per year of pipeline gas, re-gasified from LNG, for two years from 2021.
Increasing the availability of natural gas to customers across China supports the country’s aim to transition from coal to gas as well as our own aim to grow our integrated gas portfolio, including equity, LNG and merchant gas.
bp's interest in GDLNG
of China's total LNG imports accounted for by GDLNG
Jio-bp, our fuels and mobility joint venture with Reliance Industries Limited, has opened its first ’mobility station’, providing a fully integrated customer offer. This includes: high-quality fuels, EV charge points, tailored convenience offers – including our Wild Bean Cafe, and Castrol products and services. We expect the existing network of 1,400 Reliance fuel stations to be rebranded to Jio-bp over the coming months.
bp and Reliance Industries Limited (RIL) started production from the Satellite Cluster gas field in block KG D6 (operated by RIL) off the east coast of India in 2021. The Satellite Cluster is second of three deepwater gas developments in the block to come onstream, which together are expected to produce around 1 billion cubic feet a day of natural gas by 2023, meeting up to 15% of India’s gas demand.
bp-xiaoju – an EV charging joint venture between bp and DiDi – now provides all customers using their network of charging sites across China with carbon neutral charging. The offer was built around China’s new national standard for carbon neutrality, and offsets the lifecycle carbon emissions from the power purchased by customers.
Lightsource bp’s West Wyalong solar farm is set to supply renewable energy to 88 bp retail sites across New South Wales, Australia through a power purchase agreement with Snowy Hydro. The sites are expected to be powered by 100% renewables from January 2023, marking another step towards our net zero ambition.
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