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Big Oil Companies

BP Shares Plummet on $2 Billion Impairment Warning

July 9, 2024 Mariel Alumit

Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. […]

bp
Big Oil Companies

bp and partners set to develop green hydrogen in Egypt

July 1, 2024 Mariel Alumit

bp has joined forces with Masdar, Hassan Allam Utilities and Infinity Power to explore green hydrogen development in Egypt. The newly established consortium has signed a Framework Agreement with the Egyptian Government to evaluate the […]

Statistical Review of World Energy
Coal

The Key Takeaways of the 2024 Statistical Review of World Energy

June 27, 2024 Mariel Alumit

Global energy consumption and emissions climbed to record highs in 2023. Renewable energy generation grew rapidly, but fossil fuels still account for most energy use. Coal production and consumption were the highest ever, oil consumption […]

BP
Big Oil Companies

BP Scales Back Biofuels Investment at Germany, US Sites

June 21, 2024 Mariel Alumit

BP Plc has scaled back plans for biofuels production at its Cherry Point refinery in the US and its Lingen plant in Germany. The company won’t proceed with plans for stand-alone biofuels production units at […]

Big Oil Companies

Africa Energy Bank to Fun Oil and Gas

June 5, 2024 Andy Del Prado

Daily Standup Top Stories Rye Development Converting Former Kentucky Coal Mine into 287 MW Pumped Storage Hydropower Facility June 4, 2024 Mariel Alumit Rye Development will receive $81 million in funding from the Department of Energy […]

BP and Shell
Big Oil Companies

Oil Price Plunge Hits BP and Shell Shares

June 4, 2024 Mariel Alumit

The slump in oil prices so far this week has dragged down shares in the top UK-based oil and gas supermajors, Shell and BP, with their stock falling on Tuesday and pushing London’s main FTSE […]

Core Business
Big Oil Companies

Profits Over ESG as Supermajors Pivot Back to Their Core Business

May 14, 2024 Mariel Alumit

Three years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification. In its latest financial report for the first quarter, BP indicated […]

BP
Big Oil Companies

BP softens tone on 2030 oil output cut to reassure investors

May 8, 2024 Mariel Alumit

LONDON (Reuters) – BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap […]

bp
Big Oil Companies

bp’s first quarter profits fall below expectations

May 7, 2024 Mariel Alumit

bp has disclosed its financial performance for the first quarter of 2024. The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin. This figure […]

BP
Big Oil Companies

BP, Kogas ink new long-term LNG supply deal

April 29, 2024 Mariel Alumit

UK-based energy giant BP has signed a new long-term liquefied natural gas (LNG) sale and purchase deal with South Korea’s Kogas. Under the agreement, BP Singapore, a unit of BP, will provide Kogas with up […]

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