Create a free Manufacturing.net account to continue

BP CEO: 'Brutal' Oversupply In Oil

BP CEO Bob Dudley says the oil industry hasn't seen times like this since the mid '80s and the ripple effects will be large.

Jan 22, 2016

BP CEO Bob Dudley says the oil industry hasn't seen times like this since the mid '80s and the ripple effects will be large.

Latest in Energy
Wind turbines work in Livermore, Calif., Aug. 10, 2022.
U.S. Energy Panel Approves Rule to Expand Transmission of Renewable Power
May 14, 2024
The first U.S. offshore wind farm was built in 2016 off Rhode Island’s Block Island.
Why U.S. Offshore Wind Energy Is Struggling
May 9, 2024
Truck
Worksport to Expand Operations, Invest $6 Million In Buffalo
May 8, 2024
Staubli Duncan Facility
Stäubli Continues to Expand North American Manufacturing of Solar PV Components
May 6, 2024
Related Stories
Staubli Duncan Facility
Energy
Stäubli Continues to Expand North American Manufacturing of Solar PV Components
Workers walk among debris in a damaged DTEK thermal power plant after a Russian attack in Ukraine, Thursday, May 2, 2024.
Energy
Ukraine's Battered Energy Plants Seek Air Defenses Against Russian Attacks
Pioneer Natural Resources Midland headquarters office is shown on Jan. 13, 2021, in Midland, Texas.
Energy
Exxon Mobil $60 Billion Deal with Pioneer Gets FTC Nod
A person walks past an art installation outside a United Nations conference on plastics on April 23, 2024, in Ottawa, Ontario.
Energy
5 Takeaways from Global Negotiations on Treaty to End Plastic Pollution
More in Energy
Wind turbines work in Livermore, Calif., Aug. 10, 2022.
Energy
U.S. Energy Panel Approves Rule to Expand Transmission of Renewable Power
The long-awaited rule would make it easier to transmit renewable energy to the electric grid.
May 14, 2024
The first U.S. offshore wind farm was built in 2016 off Rhode Island’s Block Island.
Energy
Why U.S. Offshore Wind Energy Is Struggling
The good, the bad and the opportunity.
May 9, 2024
Truck
Operations
Worksport to Expand Operations, Invest $6 Million In Buffalo
The solar vehicle cover manufacturer expects to create 280 jobs.
May 8, 2024
Staubli Duncan Facility
Energy
Stäubli Continues to Expand North American Manufacturing of Solar PV Components
The company established its North American presence in 1980.
May 6, 2024
Workers walk among debris in a damaged DTEK thermal power plant after a Russian attack in Ukraine, Thursday, May 2, 2024.
Energy
Ukraine's Battered Energy Plants Seek Air Defenses Against Russian Attacks
The staff is asking allies for air-defense systems like the U.S.-made Patriots.
May 3, 2024
Energy Gtx Building Sign 1 Mtc Rgb
Operations
GAF Energy Celebrates New Timberline Solar Manufacturing Facility in Texas
GAF Energy built the facility to meet the demand for the company's solar roof, Timberline Solar.
May 2, 2024
A person walks past an art installation outside a United Nations conference on plastics on April 23, 2024, in Ottawa, Ontario.
Energy
5 Takeaways from Global Negotiations on Treaty to End Plastic Pollution
The last meeting was marred by disagreements.
April 30, 2024
Natron Blue Pack
Energy
Natron Energy Begins Full-Scale Production of Sodium-Ion Batteries
Natron’s patented Prussian blue electrodes store and transfer sodium-ions faster and more often.
April 29, 2024
Wind
Energy
Tribes Want U.S Appeals Court to Weigh In on $10B SunZia Energy Transmission Project
Supporters say SunZia will bolster the agenda for cutting greenhouse gas emissions.
April 26, 2024
A closed wet battery recycling system can capture black mass more effectively and at far improved purity if properly designed and built by companies experienced with these techniques.
Energy
Lithium Battery Recycling: The Dry Versus Wet Debate
The pros, cons and misperceptions of both dry and wet recycling methods as the industry evolves.
April 26, 2024
The Marshall Steam Station coal power plant operates March 3, 2024, near Mooresville, N.C.
Energy
Tough New EPA Rules Would Force Coal-Fired Power Plants to Capture Emissions
Or shut down.
April 25, 2024
Ap24110817775638
Energy
Biden Announces $7 billion in Federal Solar Power Grants
Solar is gaining traction as a key renewable energy source that could reduce the nation's reliance on fossil fuels.
April 22, 2024
Zich Shirley Meng 051 1024x683
Energy
Resurgence Startup ExPost Awarded $8M from DOE in Bid to Improve Battery Recycling
The startup’s patent-pending process removes impurities from recycled lithium battery materials.
April 19, 2024
People watch the sunset at a park on an unseasonably warm day, Feb. 25, 2024, in Kansas City, Mo.
Energy
Study: Climate Change's Economic Bite Will Hit $38 Trillion a Year
By 2049.
April 17, 2024
23 G07914 Direct Lithium Extraction Infographic Pcg V4 (1)
Energy
Chemists Invent Efficient Way to Extract Lithium from Mining Sites, Oil Fields, Used Batteries
The team has applied for a patent for the invention.
April 17, 2024