Egypt immediately awarded four blocks of an oil and gas exploration bid round in the Mediterranean and Nile Delta to Italy’s Eni, the UK’s BP, QatarEnergy and Russia’s Zarubezhneft, the Egyptian Petroleum Ministry announced on Tuesday. Eni […]
BP’s strategy is under the microscope following the departure of CEO Bernard Looney, who resigned after failing to disclose the extent of personal relationships with company staff. Wholesale changes — whether embracing the renewables-free approach of its US competitors […]
Six US governors have implored President Joe Biden to boost support for the fledgling offshore wind industry amid growing concerns that surging costs imperil multi-billion dollar projects planned for coastal Atlantic waters — and the nation’s climate […]
(Bloomberg) – bp Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with […]
EconomyBusiness and Economy BP chief executive Bernard Looney has resigned after admitting to not being “fully transparent” about past relationships with colleagues, the British energy giant has said. Looney’s resignation follows recent allegations of personal […]
Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa […]
It seems the world’s most environmentally-conscious buddies, our friendly neighborhood oil giants like BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are diving deep into the influencer market. Because when you think “innovation in renewable energy,” you […]
Opportunity cost is a central concept in economics. Economics is about the unseen versus the seen. Resources spent in one direction are not spent in another. The same goes for corporations as politically correct, economically […]
Austria’s majority state-owned OMV oil, gas, and chemicals company has struck what it calls the country’s largest natural gas discovery in 40 years, announcing the find together with news of its having also signed a […]
Focus on renewables, nuclear power, North Sea oil and gas Includes laws to protect key infrastructure from Just Stop Oil Britain’s energy industry will sit down with Energy Security Secretary Grant Shapps on Wednesday to discuss energy […]
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