Oil Major BP Significantly Downsizes Oil Exploration Division ...Middle East

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Oil Major BP Significantly Downsizes Oil Exploration Division
As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas exploration division since Bernard Looney became chief executive at the UK-based supermajor a year ago.    The upstream division has seen the number of scientists, geologists, and engineers drop to fewer than 100 from 700 just a few years ago, after Looney—who was chief executive of BP’s Upstream before taking over as group CEO in February 2020—announced a new direction…

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