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“Shell and BP Look to Monetize Their Digital Technologies”

Oil and gas companies have looked beyond their own sector to diversify revenue streams, most notably in power.

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GO DIGITAL ENERGY
GO CIRCULAR
PETROCHEMICALS
BP sells off its petrochemical business to Ineos for £4bn
Ineos has struck a five billion dollar deal to buy a wing of BP that had fallen out of favour at the oil giant.
GO DIGITAL ENERGY
Petrofac secures BP maintenance and metering contracts
Petrofac is set to build on its provision of digitally enhanced services for BP.
GO CIRCULAR
PETROCHEMICALS
Technip FMC Extends Alliance to BP Infinia Technology for Recycling Plastic
Technip FMC currently has a purified terephthalic acid and acetic acid alliance with BP Petrochemicals and has now extended this alliance to BP Infinia Technology. The alliance aims to achieve circularity for difficult-to-recycle PET plastic waste.
GO DIGITAL ENERGY
BP Ventures looking to make “complementary” investments to create digital tech portfolio
BP Ventures aims to create a portfolio of “complementary” investments, including into artificial intelligence.
BP
GO NET-ZERO
CARBON ENERGY SUMMIT
BP aims for net zero by 2050
BP set a new ambition to become a net zero company by 2050 or sooner across operations and oil and gas production.
BP
GO DIGITAL ENERGY
BP invests $3.6 million in Chinese AI energy management tech company
BP Ventures invested $3.6 million in Chinese AI energy management specialist R&B, supporting BP Alternative Energy’s focus on low-carbon power, storage, digital energy value chain and wider EaaS offers.
BP
GO DIGITAL ENERGY MIDDLE EAST
BP plans to create five $1bn businesses focused on the circular economy and low-carbon technologies
BP subsidiary Launchpad aims to create five unicorns $1bn companies focused on the circular economy, and digital, low-carbon technologies by 2025.
BP
GO DIGITAL ENERGY
BP invests £2 million in AI energy firm
BP said it will look to invest around £2 million in an artificial intelligence cloud-based software firm Grid Edge through its BP Ventures arm.
BP
GO DIGITAL ENERGY MIDDLE EAST
The journey of BP to be the digital leader
Ed Alford, VP Digital Transformation IT&S, BP is going to speak on Day 1, March 18, of the Go Digital Oil&Gas Middle East summit in Abu Dhabi. Ed will shed light on how BP is transforming and modernising the global IT function enabling BP to be the digital leader in the industry.
GO DIGITAL ENERGY
BP sees great value in Digital Transformation
BP
GO DIGITAL ENERGY
Oil & gas executives expect quantum computing to change the face of the industry – S&P Global