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FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessFuelLabourNewsOil

BP cuts over 5% of workforce to reduce costs

BP told staff that 3,000 contractor positions will also be cut.

FILE PHOTO: A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/ File Photo
BusinessLiquefied Natural GasNews

Shell warns of weaker fourth quarter LNG, oil trading

Shell 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.

A general view of an offshore wind farm in the North Sea, August 23, 2023. NTB/Ole Berg-Rusten via REUTERS
ElectricityNewsOffshore WindOilWind

Trump demands end to North Sea ‘windmills’ in swipe at UK energy policy

North Sea production has declined from a peak of 4.4 million barrels of oil per day to around 1.3 million today.

FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021. Mandatory credit Kyodo/via REUTERS/File Photo
AnalysisBusinessElectricityFuelNatural GasNewsOffshore WindOilSolarWind

Big Oil backtracks on renewables push as climate agenda falters

Major European energy companies are slowing and sometimes reversing their renewables investments.

FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFuelNatural GasNewsSolarWind

BP seeks buyers for US natural gas pipeline system stake, sources say

BP could raise up to $3 billion from the sale of up to a 49% stake in the business.

FILE PHOTO: A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James//File Photo
BiofuelsBusinessEconomyElectricityEmissionsNatural GasNewsOffshore WindOilWind

Shell slows investments in offshore wind, splits power business

Shell scales back new offshore wind investments, splits power division to cut costs, and boosts focus on oil and gas.

FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessFuelLiquefied Natural GasNatural GasNews

Woodside to bring in several partners to Louisiana LNG project by March, CEO says

Australia-listed Woodside is seeking to sell a 50% stake in the Louisiana LNG project.

Drilling rigs operate at sunset in Midland, Texas, U.S.
ElectionsNatural GasNewsOil

US oil producers unlikely to shift to ‘drill, baby, drill’ mode, says Exxon executive

Trump pledged to boost U.S. domestic oil and natural gas output — but producers remain focused on capital discipline.

The illuminated BP logo shines brightly at a gas station during the night.
BiofuelsBusinessElectricityEmissionsHydrogenNatural GasNewsOffshore WindOilSolarWind

European oil giants step back from renewables path

European oil giants, including BP, cut back on low-carbon power and refocus on oil, gas to revive investor confidence.

Officials seated at a semi-circular desk in a courtroom, engaged in discussion, with documents and microphones on the desk.
BusinessCoalEmissionsLegislationNatural GasNewsOilPolitics

Shell wins appeal against landmark Dutch climate ruling

Shell wins appeal against 2021 court order to cut carbon emissions by 45% by 2030, dealing a blow to climate activists.

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