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Big Oil Companies

BP Slows Retreat From Oil as Russia War Drives Record Profit

February 7, 2023 Mariel Alumit

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 […]

Big Oil Companies

Oil majors hit record profits, green investments tell a different story

February 7, 2023 Mariel Alumit

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 […]

BP
Big Oil Companies

BP Boss Talks Energy Trilemma

February 7, 2023 Mariel Alumit

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 […]

BP’s CEO Plays Down Renewables Push as Returns Lag
Big Oil Companies

BP’s CEO Plays Down Renewables Push as Returns Lag – Translation: “Investors Expect Returns and Renewables Are Not Profitable”

February 1, 2023 Mariel Alumit

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 […]

E&P

BP: West’s Rift With Russia to Hit Oil, Gas Demand

January 31, 2023 Mariel Alumit

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 […]

BP
Big Oil Companies

BP delves into global energy trends over next 30 years

January 30, 2023 Mariel Alumit

UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With […]

ExxonMobil
Big Oil Companies

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

January 30, 2023 Mariel Alumit

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]

North
CCUS

Two energy giants, two green projects: one double-booking in North Sea

January 24, 2023 Mariel Alumit

LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to […]

demonisation
Big Oil Companies

Ex-BP CEO calls for end to the ‘demonisation’ of oil and gas industry

January 16, 2023 Mariel Alumit

A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”. In an op-ed in The Telegraph newspaper, Tony Hayward, who led the London-listed […]

bp
Renewables

bp starts construction on new solar project in Ohio

January 11, 2023 Mariel Alumit

bp announced today its 134MWdc (107MWac) Arche Solar project in Fulton County, Ohio is beginning construction, helping support the global transition to lower carbon energy. Arche is expected to create around 200 US jobs across the supply chain during […]

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Vermont
Electrical Generation

Vermont gas utility sees geothermal as a part of its carbon-cutting portfolio

February 8, 2023

​Vermont’s only natural gas company is exploring possible sites for its first fossil-fuel-free, networked geothermal project, a heating and cooling technology that could be a natural fit for a company already skilled at designing and […]

Minnesota
Electrical Generation

Minnesota power co-op wants to invest in flexibility for fossil fuel peaker plant

February 8, 2023

​Minnesota’s largest electricity cooperative wants the option to burn diesel fuel oil at a central Minnesota peaker plant as a hedge against volatile natural gas prices. Great River Energy is seeking approval from Minnesota regulators […]

New England
EIA News

New England’s power grid weathers last weekend’s record-breaking cold and wind

February 8, 2023

February 8, 2023 Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor From February 3 to February 5, record-breaking cold temperatures and extreme wind chill in New England created strong electricity demand as homes […]

U.S
EnergyNews

U.S. natgas output to hit record high in 2023, demand to fall

February 7, 2023

U.S. natural gas production will rise to a record high in 2023, while demand will fall, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry […]

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