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The company intends to offload the business for an undisclosed sum to LS Power as part of plan to shed US$20 billion in assets.

That balance between retail supply and wholesale generation will tip if the company closes the $12 billion LS Power asset acquisition announced in May. NRG will double its generation fleet and become ...

One Rock Capital Partners, a US mid-market private equity firm, is one of the few remaining bidders for BP Plc’s Castrol ...

BP has reversed its renewable energy ambitions to refocus on oil and gas production, appointing a new chair and selling off ...

British oil and gas company BP is pivoting back to fossil fuels and divesting its onshore wind energy business in the U.S. after its efforts to go g ...

Brent crude remains stuck below $70 per barrel as top EU officials doubt the probability of a trade deal being concluded ...

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BP said green energy still has a ‘role to play’ in the slimmed-down group as it continues to offload parts of the business.

BP announced today that it has agreed to sell its US onshore wind business, BP Wind Energy North America Inc., to LS Power.

BP has sold its US onshore wind power business, signaling a broader industry retreat from renewable energy ventures that are ...