BP told staff that 3,000 contractor positions will also be cut.
By Ron Bousso16 Jan 2025ReutersShell trimmed its LNG production forecast for the quarter to 6.8-7.2 million metric tons, from a previous forecast of 6.9-7.5 million tons.
By Ron Bousso and Arunima Kumar8 Jan 2025ReutersNorth Sea production has declined from a peak of 4.4 million barrels of oil per day to around 1.3 million today.
By Ron Bousso3 Jan 2025ReutersMajor European energy companies are slowing and sometimes reversing their renewables investments.
By Ron Bousso26 Dec 2024ReutersBP could raise up to $3 billion from the sale of up to a 49% stake in the business.
By Sarah Mcfarlane, David French and Ron Bousso6 Dec 2024ReutersShell scales back new offshore wind investments, splits power division to cut costs, and boosts focus on oil and gas.
By Ron Bousso4 Dec 2024ReutersAustralia-listed Woodside is seeking to sell a 50% stake in the Louisiana LNG project.
By Ron Bousso and Marwa Rashad28 Nov 2024ReutersTrump pledged to boost U.S. domestic oil and natural gas output — but producers remain focused on capital discipline.
By Ron Bousso and Robert Harvey26 Nov 2024ReutersEuropean oil giants, including BP, cut back on low-carbon power and refocus on oil, gas to revive investor confidence.
By Ron Bousso18 Nov 2024ReutersShell wins appeal against 2021 court order to cut carbon emissions by 45% by 2030, dealing a blow to climate activists.
By Stephanie Van Den Berg, Bart H. Meijer and Ron Bousso12 Nov 2024ReutersPlease login to like, dislike or bookmark this article.