Saturday, 18 January 2025
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 general view of the New York City skyline after heavy rains as the remnants of Tropical Storm Ophelia bring flooding across the mid-Atlantic and Northeast, in New York City, U.S., September 29, 2023.  REUTERS/Andrew Kelly/File Photo
ClimateCourtsNews

New York City lawsuit against Exxon, BP, Shell over climate change dismissed

NYC lawsuit against Exxon, BP, and Shell over alleged greenwashing dismissed; judge cites lack of proof and vague claims.

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsLegislationNewsOil

Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal

In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.

Iraqi Prime Minister Mohammed Shia al-Sudani (L) met British counterpart Keir Starmer as he visits London (POOL)
ElectricityNatural GasNewsOilTrade

BP nears deals for oil fields, curbs on gas flaring in Iraq

The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.

News Release

DNO Receives 13 Awards in Norway’s APA Licensing Round

Oslo, 14 January 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has...

FILE PHOTO: The Supreme Court is pictured, in Washington, D.C., U.S., October 21, 2024. REUTERS/Kevin Mohatt/File Photo
BusinessClimateEmissionsEnvironmentIndigenousNatural GasNewsOilPoliticsRegulations

US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit

US Supreme Court rejects oil firms' appeal to dismiss Honolulu's climate lawsuit accusing them of decades-long deception.

News Release

Devon Energy Announces Updates to Executive Leadership Team

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team. The...

FILE PHOTO: The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/ File Photo
BusinessFuelNatural GasNewsOil

BP projects 44% jump in oil output from India’s largest field, ONGC says

The increase in production is expected to begin in the next fiscal year starting April 1.

News Release

Advanced Ionics Raises $6.7M to Accelerate Technology Commercialization and Deployment

MILWAUKEE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Advanced Ionics, the developer of a new class of green hydrogen electrolyzers aimed at accelerating decarbonization,...

News Release

BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2024, Termination of the Trust on December 31, 2024, Commencement of Winding-Up of the Trust, and Receipt of Notice From NYSE Regarding Non-Compliance With Continued…

HOUSTON--(BUSINESS WIRE)--  BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2024, Termination of the Trust on December...

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