Sunday, 3rd May, 2026
Sunday, 3rd May, 2026

BP to end Permian flaring by 2025 with $1B+ pipeline network

According to the Wall Street Journal, BP plc will spend about $1.3 billion to build a network of pipes and other infrastructure to collect and capture natural gas produced as a by-product from oil wells in the Permian Basin in Texas and New Mexico, the Wall Street Journal reported.

The plans announced on Monday will eliminate the regular burning of natural gas in the oil field by 2025, the newspaper said. This type of gas burning is common in the Permian region because most producers there make drills for more profitable oil and often burn gas as a by-product, it added

“We will produce oil and gas for decades, but it will be a specific type of oil and gas,” BP America Inc. quoted WSJ as saying. Its chairman is Dave Lawler. “This is a very profitable barrel and it is a responsibly produced barrel.”

The investment reflects its carbon footprint and growing pressure on the industry to reduce its contribution to climate change. At the end of March, BP announced that it had reduced its Scope 1 and 2 emissions, mostly related to production, by 16% in 2020.