Former BP CFO to chair new energy venture at Ineos
Petrochemicals giant Ineos said today it was launching a new division chaired by former BP chief financial officer Brian Gilvary.
BP
BP snaps up majority stake in largest US forest carbon offset developer Finite Carbon
BP has acquired a majority stake in carbon offset developer Finite Carbon, building on its existing interest in the company.
Serica Energy runs into ‘frustrating’ delays on Rhum project
Bosses at Serica said today that work to bring a third well at the Rhum field into production has run into “frustrating” and costly delays.
BP sued by Bank of China over oil deals
Bank of China Ltd. has sued BP Plc in Singapore over its alleged role in fabricating oil deals with collapsed trader Hin Leong, in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.
Five actions to power climate change
As we endure these challenging times, the climate emergency persists, and the planet continues to be threatened. Without a strong and stable economy, the funds to invest in a greener, cleaner future simply won’t be there. Even with the fall in carbon emissions, our modelling shows that the pandemic will only reduce demand through to 2050 by 8%.1
Oil’s female trading trio belies industry’s gender gap
As a trio of women is set to ascend to the top of one of the world’s most powerful oil-trading operations, the gender gap in the rest of the industry remains stark.
BP moving staff into smaller Aberdeen headquarters
BP is moving out of its current North Sea offices to set up a new regional headquarters in Aberdeen, which will be half the size.
Appeal launched by north-east oil professionals closes in on fundraising target
A group of north-east oil industry and business professionals are closing in on their £25,000 festive fundraising target with two weeks to spare.
Powering up or fizzling out? Weighing up change in the energy sector
As one of the most unusual years in all of our lives draws towards a close, we have been asked to share a few reflections on the effects felt in the energy sector.
Woodside helps Australian offshore exploration spend hit 44-year low
Despite offshore exploration spending hitting a new low, drilling activities are expected to ramp up, with BP’s exciting Ironbark-1 well targeting a potentially giant gas deposit off Western Australia and Santos probing an exciting shale formation in Northern Australia
Oil and gas industry warned it needs to become ‘wholly different’ as CCC releases landmark net zero report
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.
Financial faith in Africa’s future
Access to capital is the major challenge facing sub-Saharan Africa’s energy sector.
Chevron CEO vows higher returns, lower carbon to revive Big Oil
Fresh from overtaking ExxonMobil as North America’s biggest oil company, Chevron has a “simple promise” to investors: higher returns and lower carbon.
BP, Shell, OGUK, OGTC and others launch ‘Manifesto for Clean Growth’
A new “Manifesto for Clean Growth” unites public, private and third sector partners in a shared mission to identify the economic opportunities a net-zero future offers the Scottish economy.
ExxonMobil to take biggest writedown in modern history
ExxonMobil is about to incur the biggest writedown in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets.
BGF invests in software company favoured by North Sea oil firms
Growth capital investor BGF has completed a multimillion-pound investment in engineering information management software company Datum360.
BP, Shell veteran Iman Hill replaces Gordon Ballard as head of IOGP
Iman Hill, an industry veteran of 30 years, has replaced Gordon Ballard as executive director of the International Association of Oil and Gas Producers (IOGP).
Vorlich first oil hailed as sign of North Sea’s enduring attractiveness
First oil from a North Sea field has been hailed as an encouraging sign that the basin remains attractive.
Protest-plagued North Sea project achieves first oil
A £200 million North Sea project that environmental activists repeatedly tried to thwart has delivered first oil.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
West of Shetland decommissioning spending on the rise
The total amount expected to be spent on decommissioning oil fields in the West of Shetland this decade has surged above £1billion.
BP confirms sale of London HQ
Energy giant BP has sold its head office in London to Hong-Kong based Lifestyle International for £250 million, a news report said.
Oil cash risks overheating renewables market
The rush for renewable energy investments by oil companies is driving up values and risks “overheating” the sector, a report from IHS Markit has warned.
The Brewery Strikes Back: Brewdog compares BP to ‘Darth Vader’ in spat over emissions
The CEO of Brewdog has entered into a public spat with BP over its carbon emissions, comparing the energy giant to “Darth Vader”.
ETIDEX: Greenpeace and lawyer at odds over North Sea activism
Greenpeace has been told that its activism in the North Sea crossed "the line” and “put lives at risk”, during the inaugural ETIDEX event from Energy Voice.