European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
BP
Lightsource BP boss ‘pinching’ himself at thought of supermajor partnership
Lightsource BP’s boss “periodically pinches” himself at the thought of the solar developer’s partnership with an oil supermajor – and the opportunities created by that link up.
Outgoing BP CEO warns of moving too fast on climate change
BP Plc’s outgoing Chief Executive Officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies to counter climate change, because their failure could lead to financial ruin.
Simplification, sales and scope 3: Key priorities for BP’s new CEO
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
Weak natural gas, LNG prices to put dent in Shell and BP full-year figures, analyst says
Weak natural gas and LNG prices will put a dent in the full year earnings of Shell and BP when the supermajors report their results in the next two weeks, an analyst has said.
BP’s Bernard Looney joins ‘Insta’
It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.
Reverse mentoring ‘one of the keys’ for solving recruitment challenge, says BP group chief talent officer
How reverse mentoring is helping build the workforce of the future and advance the energy transition
IP Week: defining the industry’s role, delivering a low carbon future
As widely circulated reports of BP’s plans for a major organisation shake-up emerge, the energy industry can only wait in anticipation to hear what Bernard Looney FREng FEI, Incoming Group Chief Executive of BP, has to say. Updates to their climate change strategy are sure to have an impact on other oil and gas major’s policies going forward, especially when paired with the increasing pressure from investors and the wider public.
Creditor vows to pose ‘series of questions’ about Premier Oil deals
Premier Oil’s largest creditor is refusing to back down in its challenge to the company’s planned acquisitions and debt maturity extensions.
BP’s unicorn seeker not afraid to back the occasional wrong horse
BP has set itself a challenge of creating five “unicorn” companies - valued at more than $1 billion - in the next five years to address the “dual challenge” of supplying more energy with fewer emissions.
‘Upswing’ for offshore mental health but morale better on two-week rotas – oil chaplain
The North Sea's oil chaplain detects an “upswing” on mental health awareness offshore, but morale tends to be improved on installations with two-week rotas.
Transocean pushing for jail time despite favourable North Sea ruling, Greenpeace claim
Drilling contractor Transocean is understood to pushing for jail time and fines against Greenpeace bosses, despite receiving a favourable ruling halting any further North Sea action.
North Sea chaplain expects Church of Scotland to make ‘wrong decision’ to divest from fossil fuels
The North Sea’s oil and gas chaplain believes the Church of Scotland will make the “wrong decision” in coming years to divest from fossil fuels.
Egypt signs off on exploration commitments
Egypt has signed deals with four companies for exploration in the Western Desert and Mediterranean Sea.
BP lines up additional Angolan exploration
The Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has signed two deals with BP, on the sidelines of the UK-Africa Investment Summit in London.
BP CFO Gilvary to retire after 34 years at firm, successor named
BP's chief financial officer (CFO), Brian Gilvary, is to retire after more than three decades at the firm.
IEA spells it out – Big Oil must make the Great Transition
Big Oil doesn’t have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
Finalists announced for the 34th Offshore Achievement Awards
The finalists for this year’s Offshore Achievement Awards (OAA) have been announced, with record entries submitted across a number of categories.
Climate change, my daughter and me
I recently addressed a room of industry leaders and when deciding what to say, I thought I'd begin by discussing one of the defining issues of our time: the dual challenge of providing more energy with fewer emissions.
Eni fires up Agogo fast track off Angola
Eni’s Agogo field has begun producing, a statement from Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has said.
Microsoft to invest $1bn in carbon-reduction technology
Microsoft Corp. unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth’s atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change.
Study: Oil firms pay investors more than they can afford
The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.
Premier Oil gets court approval for debt plan to acquire North Sea assets
UK-based energy explorer Premier Oil can move ahead with its plan to extend debt maturities and buy gas fields in the North Sea, a Scottish court ruled on Wednesday.
Premier in court date with opponent to acquisition, debt extension plans
Premier Oil and its biggest creditor were going head-to-head in court yesterday over the firm’s intention to extend its debts and acquire North Sea assets.
Spark Exploration targets deal on billion-barrel West of Shetland licences
Australia-based Spark Exploration is aiming to find partners in the first half of this year for its West of Shetland licences, which potentially contain north of a billion barrels of oil.