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Exploration and Production

Aker BP getting ready to spud North Sea prospect with Saipem rig

February 16, 2023 Mariel Alumit

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 […]

League
Big Oil Companies

Fantasy League Matchmaking Between Oil Majors and Transition Upstarts

February 12, 2023 Mariel Alumit

​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 […]

Climate Crisis

Commentary: Why We Shouldn’t Confuse Energy Facts With Wishes – Irina Slav

February 12, 2023 Mariel Alumit

​ 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 […]

Big Oil Companies

ESG Investing Failure and Major Setback: Exxon Retreats From Major Climate Effort to Make Biofuels From Algae –

February 11, 2023 Mariel Alumit

​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
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 […]

Exploration and Production

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 […]

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