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HomeBP

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Oil
Big Oil Companies

Say Goodbye To Big Oil’s Big Buybacks

March 3, 2023 Mariel Alumit

2022 profits and cash flows of energy companies came in at record highs. This year’s earnings are expected to be lower, albeit still high by historical standards. With lower expected free cash flows, companies will […]

Big Oil Companies

BP launches green hydrogen cluster in Spain

February 28, 2023 Mariel Alumit

UK-based oil and gas major BP has launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery in Spain. Courtesy of BP The company announced the launch of the hydrogen cluster […]

oil
Big Oil Companies

Are the oil majors destined for extinction?

February 21, 2023 Mariel Alumit

When Bernard Looney became oil major BP’s CEO in 2020, his vocal interest in how the company could transition towards a low-carbon future inspired hope that he would be a driving force in realising BP’s 20-year ambition […]

Shell
Big Oil Companies

Will Shell And BP Use Their Mammoth Profits For Green Energy?

February 20, 2023 Mariel Alumit

BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022. BP and Shell have pledged to spend £18bn and £25bn respectively over the current decade on domestic low and zero-carbon energy […]

Aker
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 […]

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