Sunday, 19 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
BusinessEconomyNewsOilTrade

BP third quarter profit slumps to $2.3 billion as oil demand sags

The 30 per cent drop in profits from a year earlier comes amid a slowdown in global economy activity and oil demand, particularly...

FILE PHOTO: Smoke billows from a chimney at a combined-cycle gas turbine power plant while coinciding the COP28 is being held in Dubai, in Drogenbos, Belgium December 6, 2023. REUTERS/Yves Herman/File Photo
BusinessClimate FinanceEmissionsNatural GasNewsOil

Norway’s wealth fund falls short on climate ambitions, NGO says

Norway’s $1.8T wealth fund missed climate goals, backing only 4 of 21 key shareholder proposals on emissions targets in 2024.

FILE PHOTO: The logo of Italian energy company Eni is seen at Eni's Renewable Energy and Environmental R&D Center in Novara, Italy, September 26, 2019.  REUTERS/Flavio Lo Scalzo/File Photo
News

Italy’s Eni and BP resume onshore drilling in Libya after 10-year hiatus, NOC says

Eni and BP will resume drilling and exploration in Libya, 10 years after conflict in the country stopped their activities in the North...

News ReleaseNews

Amazon Announces New Fuel Savings Offer for Prime Members

SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) today announced that Prime members can now save $0.10 per gallon at approximately 7,000 bp, Amoco, and ampm gas...

FILE PHOTO: Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo
BiofuelsBusinessElectricityHydrogenNatural GasNewsOffshore WindOilSolarWind

BP weighs sale of minority stake in offshore wind business, sources say

BP paused investments in new offshore wind projects, Reuters reported in June. Last month, BP said it plans to sell its U.S. onshore...

File Photo: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway's giant offshore Johan Sverdrup field during the 1st phase development, near Stord, western Norway September 4, 2017. REUTERS/Nerijus Adomaitis/File Photo
CourtsEnvironmentIndustryNatural GasNewsOil

Norway court rejects environmental injunction against oil and gas fields

A Norway court ruled in favor of the government, rejecting activists' bid for a temporary halt on three oil and gas fields.

FILE - Steam is seen at the Longview WestRock mill, which makes cardboard materials including container board and corrugated containers, March 14, 2024, in Longview, Wash. (AP Photo/Jenny Kane, File)
EmissionsEnvironmentLegislationNewsSolarWind

Washington state’s landmark climate law hangs in the balance in November

A landmark Washington law cutting carbon emissions may be repealed by voters just two years after taking effect.

Tall sign showing BP logo.
BusinessElectric Vehicles (EVs)FuelNewsOil

BP’s refining business sees lower margins as global oil demand stalls

BP follows Shell in reporting a drop in margins after the companies’ refining businesses suffered a downturn in global demand.

FILE PHOTO: A view shows emissions from the smoke stack of the Electricite de France (EDF) coal-fired power plant in Cordemais near Nantes, France, January 20, 2022. REUTERS/Stephane Mahe/File Photo
CoalElectricityEmissionsNewsReportsSolarStorageWind

Global energy-related CO2 emissions set to peak this year, consultancy DNV says

Global CO2 emissions from energy may peak in 2023, driven by cheaper solar and batteries, but slow declines risk 2.2C warming.

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
BusinessCourtsNatural GasNewsOil

Arbitration rules in favour of BP as sole buyer of Kosmos Energy’s Senegal LNG project

Kosmos Energy is barred from third-party LNG sales in the GTA project after a Paris arbitrator ruled in favor of BP.

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