Multinational BP Reduces and Relocates Oil Exploration Team to Focus on Renewable Energy

Written by Roberta Souza

Published on 25/01/2021 at 17:18

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BP Is Reducing Its Oil Exploration Team to Fewer Than 100 People to Focus and Develop Activities in Renewable Energy

The UK-based multinational BP, operating in the energy sector, particularly oil and gas, is reducing its team of professionals who were involved in fossil fuel exploration (geologists, engineers, and scientists) to work on projects focused on climate change and renewable energy.

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The dismissal or reassignment of staff at the company is the strongest signal that BP is moving quickly towards renewable energy, even though oil and natural gas remain its main source of funding, which in turn facilitates the transition.

According to the media, BP has not commented on the personnel changes, which have not been made public. However, company sources told Reuters that the exploration teams in Moscow and Houston and BP’s research headquarters in Sunbury, near London, have been dismantled.

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Multinational BP Reduces and Relocates Oil Exploration Team to Focus on Renewable Energy

BP Is Reducing Its Oil Exploration Team to Fewer Than 100 People to Focus and Develop Activities in Renewable Energy

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Multinational BP Reduces and Relocates Oil Exploration Team to Focus on Renewable Energy

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