2022 profits and cash flows of energy companies came in at record highs. This year’s earnings are expected to be lower, albeit still high by historical standards. With lower expected free cash flows, companies will […]
UK-based oil and gas major BP has launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery in Spain. Courtesy of BP The company announced the launch of the hydrogen cluster […]
When Bernard Looney became oil major BP’s CEO in 2020, his vocal interest in how the company could transition towards a low-carbon future inspired hope that he would be a driving force in realising BP’s 20-year ambition […]
BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022. BP and Shell have pledged to spend £18bn and £25bn respectively over the current decade on domestic low and zero-carbon energy […]
Home Fossil Energy Aker BP getting ready to spud North Sea prospect with Saipem rig Norwegian oil and gas player Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North […]
LITTLETON, Colo., Feb 9 (Reuters) – This weekend’s Super Bowl is the annual showpiece for American football’s top professional teams, and marks the end of the fantasy league season where amateur fans select their own […]
By Irina Slav More From Irina Slav A couple of weeks ago, Bloomberg published an article headlined Why We Shouldn’t Confuse Peak Oil With the Price of Bananas, which argued that this time BP was not […]
After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution. Exxon has slashed its support for Viridos Inc., […]
BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]
Some of the world’s largest oil and gas companies have declared the highest-ever profits since people started using petroleum, rewarding shareholders with higher dividends and share buybacks while spending relatively little of it on renewable […]
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