David Eyton, group head of technology, on the BP Technology Outlook
The second edition of the BP Technology Outlook has just been published. The report considers the potential impact of advances in technology throughout the global energy system to 2050, without predicting policy
BP Ventures was set up more in 2004 to identify and invest in private, high growth, game-changing technology companies, accelerating innovation across the entire energy spectrum
We complement our comprehensive research capability with external collaborations that provide a cross-cutting range of specialisms, supported by innovative academic programmes
We have a rich heritage and deep technical expertise in oil and gas, encompassing seismic imaging and enhanced oil recovery in the Upstream, and advanced fuels, lubricants and petrochemicals processes in the Downstream, as well as in our alternative energy businesses.
We couple this know-how with long-term strategic collaborations with leading academic institutions, as well as with external partners.
We recognise the urgency of the climate challenge, and intend to be part of the solution – improving the energy efficiency of our operations, moving our portfolio to lower carbon options, and investing in energy development.
Examples include improving our wind and sugarcane ethanol businesses and increasing the renewable content in our Downstream products.
We are growing new low carbon opportunities through internal research and corporate venturing involving bio-products, digital, advanced mobility, carbon management and power and storage.
But more fundamentally, technology supports our number one priority: safety – from corrosion management and advancements in detection and inspection, through to sensors, data analytics, advisory systems and robotics.
Put simply, technology runs throughout BP.
We lead the way in seismic imaging, enhanced oil recovery and digital technologies, among others
Digital technologies are vital to the operation of our wind energy and biofuels businesses
Innovative technological advances are helping to drive our fast-changing industry