Wednesday, 2 April 2025
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.

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Interim results for the period ended September 30, 2024

Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027. Received reservation notice for FLNG Hilli...

A pumpjack operates at a drilling site in Baku, Azerbaijan.
Climate FinanceEmissionsHydropowerNewsOilRegulationsSolarWind

Azerbaijan is the host of the UN’s climate conference, shining a spotlight on the petrostate

Countries will gather in Azerbaijan for COP29 — a place that was one of the birthplaces of the oil industry.

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HASI Announces Third Quarter 2024 Results

ANNAPOLIS, Md.--(BUSINESS WIRE)--HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported...

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The Hackett Group Announces Joint Employee Learning Award

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), bp and Thought Industries have been jointly recognized by the Brandon Hall Group – the human...

FILE PHOTO: A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo
BusinessElectricityEmissionsNewsSolarWind

US green power demand expected to grow regardless of election outcome

Demand for green power in the U.S. will rise regardless of the next president, say wind energy leaders Vestas and Orsted.

FILE PHOTO: Mount Baker rises behind Marathon Petroleum's refinery in Anacortes, Washington, U.S., March 9, 2022.  REUTERS/David Ryder/File Photo
AnalysisBusinessClimateEconomyEmissionsEmissions MarketsPolitics

Washington state vote a harbinger for wider carbon markets

The Washington carbon market has raised more than $2 billion for transit, wildfire protection, and salmon protection since its 2023 launch.

An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. REUTERS/Bing Guan/File Photo
BusinessChemicalsFuelNatural GasNewsOil

Exxon’s $8.6 billion profit beats as volume offsets price weakness

Exxon's Q3 profit surpasses forecast, aided by Pioneer acquisition-driven shale gains and cost controls, despite a five per cent YoY dip amid weaker...

FILE PHOTO: A general view of a Shell's petrol station in South East London, Britain, February 2, 2023. Shell beat profit expectations in Q3 2024. REUTERS/May James/File Photo
BusinessChemicalsFuelHydrogenLiquefied Natural GasNatural GasNewsOil

Shell Q3 profits of $6 billion beat forecast as gas offsets weak refining

The Anglo-Dutch company's profits are up, as debt drops and sales of super-chilled LNG increase by 1 million metric tons.

FILE PHOTO: A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. Picture taken November 21, 2019.  REUTERS/Angus Mordant/File Photo
BusinessEmissionsEnvironmentInfrastructureOilRegulations

US sets new safety measures as deep sea oil drillers test new depths

New BSEE rules for ultra-high pressure offshore drilling follow Chevron's breakthrough Anchor project, enhancing safety standards for high-stakes operations.

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