Stranded asset risk in Africa on the rise
Investments in Africa’s oil and gas risk undermining a move to lower carbon energy sources and are at risk of becoming stranded assets, according to a new report.
Barclays
Banks still pumping billions into oil and gas despite net zero pledges
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
Botched Unaoil bribery case prompts calls for SFO reform
A London ruling that heavily criticised the behavior of the country’s top fraud cops capped a tough year for the Serious Fraud Office (SFO) that saw prosecutions crumble and a conviction quashed.
Kosmos makes Oxy move in Ghana
Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have bought out Occidental Petroleum’s stake in the Jubilee and TEN fields.
UK natural gas reaches highest ever price
European energy prices soared to fresh records amid worsening fears over supply, with UK natural gas futures exceeding the threshold of 300 pence a therm for the first time ever.
Barclays finance chief Morzaria handed BP non-exec director role
BP today announced the appointment of Tushar Morzaria as a non-executive director, effective September 1.
Loan to help pipe-cutting specialist survive crisis
North Sea boss Ian Smith has said his firm is equipped to “navigate through these unprecedented times” after a £100,000 coronavirus business interruption loan from Barclays.
Oil prices start the week positively
The FTSE 100 started the week slightly in negative territory but oil prices were up amid hopes new production cuts can reduce a massive global oversupply.
Greenpeace target Barclay’s branches over oil and gas support
Greenpeace has targeted Barclays high street branches across the country over the bank's support for fossil fuels.
XR broadens target list for 2020
Extinction Rebellion is broadening its list of targets to include financial services and the media in pursuit of its environmental goals.
Barclays opens tech lab as part of Aberdeen’s diversification drive
Aberdeen’s entrepreneurial spirit and the drive to diversify the north-east economy has encouraged Barclays to open its second Scottish Eagle Lab.
Barclays AGM hit by climate protests
Barclays' annual general meeting has been hit by climate protesters angry at the lender's financing of fossil fuel projects.
JBS Group bags £2m Barclays funding package
North-east engineering firm JBS Group has secured a £2 million funding package from banking giant Barclays to support growth plans.
Greenpeace scale Barclays HQ in oil drip protest
Greenpeace activists have scaled Barclays Bank HQ in London's Canary Wharf in a protest over the funding of tar sands pipelines.
Barclays sells last part of oil business
Barclays sold the last part of its oil book to an unidentified buyer, triggering a surge in trading of exotic options written in the era of higher crude prices, according to people familiar with the matter.
Aberdeen protest against North American pipeline funding banks
A climate change group will stage a protest in Aberdeen over banks’ support for pipeline projects in North America.
Oil prices on ‘mild up’ as omens good, says top banker
Oil prices are most likely headed on a “mild up” after the turmoil of their slump from 2014-2016, a top banker said on a visit to Aberdeen.
Beware junk energy bonds amid oil drop, Barclays warns
High-yield energy bonds, which have risen even as oil slid more than 20 percent in the past two months, may be hit if the commodity dips below the $40 it’s trading at now, according to Barclays Plc strategist Brad Rogoff.
Oil price jumps as supply shortens and surplus dries up
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
Barclays warns commodities may slump on ‘rush for the exits’
Commodities including oil and copper are at risk of steep declines as recent advances aren’t fully grounded in improved fundamentals, according to Barclays Plc, which warned that prices may tumble as investors rush for the exits.
Oil giants to miss third-quarter profit estimates, says Barclays
The biggest publicly traded oil producers based in the Western Hemisphere will fall short of Wall Street profit estimates when third-quarter results are released in coming weeks because energy prices have continued to slump, according to Barclays.