Page 2 - Bp
Top headlines: FM sees near zero GDP growth in FY21, Pompeo backs India
India's economy is on the mend but GDP growth may be in negative zone or near zero this fiscal, says the Finance Minister.
 "Top headlines: FM sees near zero GDP growth in FY21, Pompeo backs India")
BP wants bigger pie of India fuel market, bats for natural gas under GST
Firm to create 80,000 jobs by increasing fuel retail outlets, along with Reliance, to 5,500 in 4-5 yrs
 "BP wants bigger pie of India fuel market, bats for natural gas under GST")
BP eyes India's fuel market, wants natural gas under GST regime
BP Group chief executive Bernard Looney said his firm in partnership with Reliance will set up 5,500 retail sites for petrol and diesel; also offer mobility solutions like EV charging facility
 "BP eyes India's fuel market, wants natural gas under GST regime")
BP spending $1.1 billion to enter offshore wind market with Equinor
The British oil and gas company has set itself a target of increasing its renewable power generation capacity 20 fold over the coming decade to 50 gigawatts (GW)..
 "BP spending $1.1 billion to enter offshore wind market with Equinor")
In pics: Reliance in Fortune's top 100 global companies; see top 10 list
According to the Fortune, this year, Global 500 companies employ 69.9 million people. Check out the list to know more
 "In pics: Reliance in Fortune's top 100 global companies; see top 10 list")
Oil firms collectively cut the value of their assets by nearly $50 bn in Q2
London-based BP has previously said it plans to cut its overall output by roughly 1 million barrels of oil equivalent (boepd) by the end of 2030 from its current 3.6 million boepd
 "Oil firms collectively cut the value of their assets by nearly $50 bn in Q2")
BP poised to sell 'stranded assets' even if oil prices rally: Report
Major oil companies typically hold assets for the long term, even when crude prices plunge, with a view to start bringing more marginal production online when market conditions improve
 "BP poised to sell 'stranded assets' even if oil prices rally: Report")
BP halves dividend after record $ 6.7 billion loss in second quarter
All major oil companies suffered in Q2 as lockdowns to contain coronavirus limited travel and oil prices fell to their lowest in two decades
 "BP halves dividend after record $ 6.7 billion loss in second quarter")
Market Ahead, July 10: All you need to know before the opening bell
The June quarter results of TCS will be a major focus for the Indian markets today which is also likely to decide how the rest of the IT space trades throughout the session
 "Market Ahead, July 10: All you need to know before the opening bell")
BP wipes up to $17.5 billion from assets with bleaker oil outlook
Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.
 "BP wipes up to $17.5 billion from assets with bleaker oil outlook")
Covid-19 crisis: BP plans to slash 10,000 jobs as debt up by $6 bn in Q1
European competitor Royal Dutch Shell Plc is said to be offering voluntary redundancies in a bid to become leaner, and US rivals Chevron Corp. and Marathon Oil Corp. are among others laying off staff
Rights issue, Aramco deal could make RIL debt-free 3 months before target
Reliance also received Rs 7,000 crore by selling 49 per cent stake in its petro retail business to BP
 "Rights issue, Aramco deal could make RIL debt-free 3 months before target")
Made in India, for and by Indians, says Reliance Industries on rights issue
In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.
After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
Reliance-BP to auction more gas from KG-D6 offshore block this month
The volume to be offered is the same as the one the company bid out in November last year
 "Reliance-BP to auction more gas from KG-D6 offshore block this month")
Reliance, BP pay $36 mn for exit of Niko in KG-D6 block, acquire 10% stake
The firm was paid USD 36 million to settle an arbitration it had initiated against Reliance and BP trying to force it out of the block over default in payment
 "Reliance, BP pay $36 mn for exit of Niko in KG-D6 block, acquire 10% stake")
BP profit declines by 40% in September quarter on oil price slide
The British oil company made its first net loss in more than three years in the quarter due to the one-off charge
BP to pull out of Alaska after 60 years in $5.6 billion deal with Hilcorp
The deal calls for a $4 billion initial payment to BP with the remaining $1.6 billion in earnout payments over time
 "BP to pull out of Alaska after 60 years in $5.6 billion deal with Hilcorp")
Reliance, BP announce new joint venture to set up 5,500 petrol pumps
The joint venture will build on Reliance's existing fuel retailing network of near 1,400 petrol pumps and an aviation fuel business
 "Reliance, BP announce new joint venture to set up 5,500 petrol pumps")
BP to resume share buybacks as Q3 profit beats expectations
The profit growth was driven by a recovery in earnings from oil and gas production
 "BP to resume share buybacks as Q3 profit beats expectations")
