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 […]
The world wants and needs energy that is secure and affordable as well as lower carbon. That’s what BP Chief Executive Bernard Looney said in a “To tackle that, action is needed to accelerate the […]
LONDON—BP PLC BP 0.58%increase; green up pointing triangle Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy, according to people familiar with recent discussions. Mr. Looney has said he is disappointed in the […]
The deep rift between Russia and the West will have lasting impacts on the global energy system and result in lower long-term demand for oil and gas, according to a closely watched annual assessment from […]
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