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BP
Big Oil Companies

Another BP Executive Departs With US Head Resigning

October 1, 2023 Mariel Alumit

BP Plc.’s US president David Lawler is leaving the British oil giant, becoming the second top executive to quit this month after Chief Executive Officer Bernard Looney abruptly resigned. Lawler, who had been with BP for nine years, “has […]

QatarEnergy
Big Oil Companies

QatarEnergy, BP, others snap up Egyptian oil and gas concessions

September 27, 2023 Mariel Alumit

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
Big Oil Companies

How BP’s Strategy Stacks Up Against the Supermajors

September 20, 2023 Mariel Alumit

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 […]

Climate Crisis

States Beg Biden to Bolster Offshore Wind While Projects Flounder

September 16, 2023 Mariel Alumit

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 […]

bp
Crude Oil News

bp board faces urgent search for new CEO after Bernard Looney’s surprise resignation

September 14, 2023 Mariel Alumit

(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 […]

Aljazeera International

BP chief Bernard Looney steps down over past relationships with colleagues

September 13, 2023 Mariel Alumit

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 […]

Oil
Big Oil Companies

African Oil and Gas Exploration is Going Strong

September 5, 2023 Mariel Alumit

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 […]

Oil
International News

Big Oil’s Next Genius Moves to Save the Planet

August 31, 2023 Mariel Alumit

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 […]

Climate
Climate Crisis

Maui Fires Show the Very Real Danger of Climate Corporatism

August 30, 2023 Mariel Alumit

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 […]

OMV
Big Oil Companies

OMV Makes Biggest Gas Discovery in 40 Years

August 3, 2023 Mariel Alumit

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 […]

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