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BP rushes to calm investors with new gasfields since clean energy retreat

Oil group has started up 2 of its promised 10 major projects in past 7 weeks
BP is now able to extract more from existing prospects, including Trinidad, using modern technology.

BP will today announce production has started on a new gasfield in Trinidad, the second major project in the past two months, as it tries to boost its oil and gas production to calm the nerves of frustrated investors.

The UK-listed energy major pledged at the end of February to pivot back to its core oil and gas business and slash its spending on renewable energy in a bid to revive its faltering share price.

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