BP (LON: BP) has confirmed its CEO Bernard Looney has resigned after an investigation into his “conduct in respect of personal relationships with company colleagues” and misleading the board.
Wood chief executive Robin Watson said today (August 24) the Aberdeen firm's conventional energy business is "stable" and its other activities gaining momentum after an "inflection point" for the group earlier this year.
Shell’s boss said today that the recent “strong recovery” in oil prices meant the supermajor would have “room to spend” cash on upstream projects, including in the North Sea.
Oil giant BP’s quest to transition away from fossil fuels and become a net-zero emitter by 2050 has left it caught in a “conundrum”, analysts said yesterday.
Energy giant BP fell to a £3.6billion pre-tax loss in the first quarter of 2020 as the coronavirus and oil price slump made its impact on the business.
Wood chief executive Robin Watson was in bullish mood about future prospects for the global engineering and consultancy company after a sharp increase in profits.
Engineer Weir has warned over profits in its oil and gas division and revealed a fifth of its US workforce has been axed as it battles against tough trading in America.
Cairn Energy will be “pleased” with its improved performance after posting a loss of over £800 million as recently as March, according to wealth management firm Brewin Dolphin.
The Aberdeen operation of wealth manager Brewin Dolphin reflected a “robust” performance by the group during the year to September 30, the firm’s head of office in the Granite City said yesterday.
By John Moore, Senior Investment Manager, Brewin Dolphin Edinburgh
The tide appears to have turned for oil. This time last year, the oil and gas industry appeared to be drowning in a commodity price which seemed destined to hug the $50 mark for some time. Further back, in January 2016, it went as low as $30.
An analyst has said “the numbers are going to look very impressive” for oil majors Shell and BP when they publish their first quarter results this week.