The oil giant said it had tried to renegotiate deals around three wind farms off the coast of New York, but was refused.
Energy giant BP’s profit missed expectations in the three months to the end of September and the company flagged a more than half-billion dollar charge it had taken on three wind farms off the coast of New York.
In June, the business and Norway’s Equinor filed a request with the authorities in New York to renegotiate the agreements they had on three wind farms amid soaring inflation and delays. It had been a turbulent quarter at the top for BP. Boss Bernard Looney stepped down from the top job after it was revealed that he had not fully disclosed prior relationships with BP staff members to the board.
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