![](https://cdn.mos.cms.futurecdn.net/C2mTRGJpdqAFWVQ33ncew-1200-80.jpg)
BP is moving away from its oil output target
BP CEO Murray Auchincloss says the group has stopped bidding on new offshore wind projects in order to simplify operations and reduce costs, says Emma Powell in The Times. At the same time, BP will spend more on new oil and gas assets, particularly in the …