Biden spending bill ignites debate over dairy methane pollution
By Leah Douglas and Nichola Groom WASHINGTON (Reuters) - As U.S. President Joe Biden’s administration seeks to revive its ambitious social spending and climate plan in Congress,...
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BP News & Analysis
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London Markets: London stocks ride a global bounce, with retailers and energy names higher
Down two out of three trading days, London stocks were moving higher on Tuesday.
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Shrink to fit: the year Big Oil starts to become Small Oil
Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas prices in 2021 delivered billions of dollars in profits to...
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UK's Labour Party calls for windfall tax on North Sea fossil fuel producers
Following comments from BP CEO (BP) Bernard Looney in the Financial Times, that higher commodity prices turned his company into a "cash machine", and in the midst of an evolving...
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Analysis-Shrink to fit: the year Big Oil starts to become Small Oil
By Ron Bousso and Sabrina Valle LONDON/HOUSTON (Reuters) - Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. Surging oil and gas...
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Friday Afternoon Analyst Upgrades and Downgrades: Airbnb, BP, Chewy, Honeywell, Starbucks and More
Friday afternoon's top analyst upgrades and downgrades included Airbnb, BP, Chewy, Honeywell, Starbucks and more.
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Ur-Energy and BP Prudhoe Bay Royalty among Energy/Basic Material gainers; Ranger Oil among losers
Gainers: Sabine Royalty (SBR) +9%. BP Prudhoe Bay Royalty (BPT) +9% Losers: Ranger Oil (ROCC) -6%. Crown ElectroKinetics (CRKN) -6%.
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BP Prudhoe Bay Royalty Trust declares $0.5812 dividend
BP Prudhoe Bay Royalty Trust (NYSE:BPT) declares $0.5812/share quarterly dividend vs. $0.0694 prior dividend.Forward yield 52.36%Payable Jan. 19; for shareholders of record Jan.
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Aethon looks to find buyer for Haynesville acreage at $6b+ valuation
Aetheon Energy, a Dallas-based energy firm with oil & gas assets across the US, is looking to offload Louisiana gas acreage for $6+, according to sources familiar with the deal;
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Wednesday Afternoon Analyst Upgrades and Downgrades: Altria, BP, Peloton, Pfizer and More
Wednesday afternoon's top analyst upgrades and downgrades included Adobe, Altria, Amgen, Beyond Meat, BP, Murphy Oil, Northrop Grumman, Occidental Petroleum, Peloton Interactive, Pfizer,...
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Wells Fargo 2022 Energy picks - CVX, SU, MUR up; OXY down; BP double downgrade
Working with a relatively conservative oil price deck, $63 TI in 2022 and $58 in 2023 (USO), Wells Fargo analyst Roger Read sees spending discipline across the sector leading to...
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BP upgraded at Evercore ISI as low-carbon fears overplayed
BPBP jumps to a two-month high after Evercore ISI upgrades shares to Outperform from In-Line with a $36 price target, citing rising returns driven by its upstream business and...
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Tuesday Afternoon Analyst Upgrades and Downgrades: BP, JPMorgan, PepsiCo, Pinterest and More
Tuesday afternoon's top analyst upgrades and downgrades included Bed Bath & Beyond, BP, Foot Locker, Haliburton, Hewlett Packard Enterprise, Honeywell International, JPMorgan Chase, PepsiCo,...
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Egypt awards BP, ENI, others eight oil exploration blocks -ministry
Egypt awarded oil and gas exploration blocks to BP Plc BP.L, ENI ENI.MI , Apex International 4927.TW, Energean ENOG.L, and United Energy UNRG.PK, according to a statement from the Petroleum...
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US Gulf of Mexico deepwater oil, gas activity may increase
More deepwater exploration and project sanctions in the US Gulf of Mexico could be in store for the E&P sector during 2022 assuming robust oil prices hold up, according to analysts. The...
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London Markets: London stocks rise in shortened week as extended Christmas break looms
The U.K .was winding down its last full day of trade before the Christmas holidays, with gains for resources, banks and the energy sector.
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Lightsource bp to partner with Dourogas on green hydrogen projects in Portugal
There is excitement in some quarters about the potential of green hydrogen, but challenges remain.
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London Markets: Sterling climbs as UK GDP data shows growth edging toward pre-pandemic levels
The pound was a star performer on Wednesday, backed by revisions to third quarter growth data that showed a strong economy.
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BP Midstream Partners (NYSE:BPMP) Sees Strong Trading Volume
BP Midstream Partners LP (NYSE:BPMP) shares saw an uptick in trading volume on Monday . 50,939 shares were traded during mid-day trading, a decline of 89% from the previous session’s volume...
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Lundin and Aker BP combine to create dominate oil and gas producer in the North Sea
Lundin Energy (LNDNF) and Aker BP (DETNF), two independent oil and gas producers in the Norwegian North Sea, announced plans to merge today. Lundin traces its roots back to the...
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Norway’s Aker BP in $14 billion deal to buy Lundin Energy’s oil and gas
By Terje Solsvik OSLO (Reuters) -Norway’s Aker BP will buy the oil and gas business of Sweden’s Lundin Energy, forming the second-largest listed petroleum firm on the Norwegian continental...
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London Markets: Resource stocks lead the gains in London, while some hospitality names gain on prospects of COVID aid
London's main bourses tracked gains for global equities, with optimism returning after a bleak Monday session driving up names tied to economic growth.
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Europe Markets: European bourses rise, as global stock market stages rebound from Monday slump
European stocks rise in step with global markets Tuesday, but problems for the region loomed as natural-gas futures soared.
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BP Plans BP Midstream Partners Takeover
BP plc. (BP), its affiliates and BP Midstream Partners LP have reached an agreement to acquire all the outstanding common units of BP Midstream Partners (BPMP) not already owned....
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London Markets: London stocks fall as omicron’s spread leads to new COVID restrictions
The FTSE 100 starts the week with losses, as investors weigh COVID worries.
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BP to buy out U.S. pipeline partnership in $723 million deal
(Reuters) – BP will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP that it doesn’t already own in a more than $700 million deal, as the energy...
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Europe Markets: Europe stocks slide as COVID worries swamp investors
The week has started on a down note after a weekend full of headlines over spreading COVID cases and rising restrictions.
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Maersk Drilling and Aker BP agree to renew frame agreement with five-year commitment for two jack-up rigs
Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) and Aker BP ASA (“Aker BP”) have entered into a Heads of Agreement to renew and extend the frame agreement that establishes Maersk...
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bp and Maersk Tankers Carry Out Successful Marine Biofuel Trials
B30 biofuel tested as ‘drop-in-fuel’ on two tankers, validating its potential to help cut carbon emissions in shipping bp and Maersk Tankers, with support from the Danish Maritime Authority,...
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Kongsberg Maritime project team successfully updates 19 Safety and Automation Systems controllers on Aker BP’s Alvheim FPSO
A dedicated Kongsberg Maritime project team has successfully carried out a major upgrade of the Safety and Automation Systems on a Floating Production Storage and Offloading (FPSO) vessel...
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BP, Maersk Tankers successfully trial biofuel blend on ships
LONDON (Reuters) – BP and Maersk Tankers successfully completed trials using marine fuel blended with biofuel on tankers as efforts grow to tackle the shipping sector’s greenhouse gas...
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BP p.l.c. (LON:BP) Insider Bernard Looney Buys 93 Shares
BP p.l.c. (LON:BP) insider Bernard Looney purchased 93 shares of the firm’s stock in a transaction that occurred on Friday, December 10th. The stock was acquired at an average price of GBX...
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European plants to supply SAF to airports
Several European refineries, including Austria’s Schwechat and the UK’s Humber, have revealed plans to start supplying sustainable aviation fuel to local airports. UK’s Humber will provide...
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BP to increase stake in Azeri Shah Deniz gas field – APA news agency
BP BP.L plans to increase its stake in the Azeri Shah Deniz gas field in the Caspian offshore to 29.99%, Azeri news agency APA reported on Thursday. BP has agreed to buy a 1.16% share in...
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Trucks catch up in the self-driving vehicle race
By Nick Carey and Paul Lienert OXFORD, England (Reuters) - We'd all be whizzing round in robotaxis by now if Elon Musk had been right. Instead, fully self-driving cars are struggling to get...
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Mahindra Group ties up with Jio-BP for EV products
BENGALURU (Reuters) – Indian autos-to-technology conglomerate Mahindra Group said on Wednesday that it had entered into an agreement with a joint venture of Reliance Industries Ltd and...
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BP buys EV fleet charging provider Amply Power, boosting entry into U.S.
BPBP agrees to acquire U.S. electric vehicle charging provider Amply Power for an undisclosed sum, taking its first major step into electrification in the U.S.California-based...
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BP supports addition of WTI crude oil stream to Dated Brent benchmark -document
BP supports adding the U.S. crude oil grade WTI Midland on a delivered basis to the North Sea Dated Brent benchmark, which underlies the Brent futures contract LCOc1, according to a document...
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Global oil CEOs stress need for fossil fuels despite push for cleaner energy
By Liz Hampton and Sabrina Valle HOUSTON (Reuters) -A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives...
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BP Wants To Include WTI Midland Crude To Dated Brent Benchmark
UK-based supermajor BP favors the addition of WTI Midland, a light sweet crude grade from the United States, to the Dated Brent benchmark, the underlying benchmark of the Brent Crude futures...
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London Markets: Shell and BP carry FTSE 100 higher as Deliveroo slumps
The top U.K. stock market index enjoyed a solid advance on Monday, buoyed by the energy sector.
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BP backs adding WTI Midland oil to Dated Brent benchmark, document says
LONDON (Reuters) – BP supports adding the U.S. crude oil grade WTI Midland on a delivered basis to the North Sea Dated Brent, which underlies the benchmark Brent futures contract,...
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BP p.l.c. (NYSE:BP) Short Interest Update
BP p.l.c. (NYSE:BP) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 16,080,000 shares, an increase of 18.5% from the...
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Deutsche raises 2022 oil price assumption - upgrades BP to buy
Deutshce Bank's energy analyst James Hubbard out with a 'look at the year ahead' note this morning, raising 2022e Brent oil price assumption from ~$64 to $75 and raising BP (BP) to...
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REFINERY NEWS ROUNDUP: News emerges on closures in Asia-Pacific
Refinery closures remained in the spotlight in the Asia-Pacific region with news emerging on New Zealand’s Marsden Point’s transition to a terminal and the temporary closures of the only...
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London Markets: FTSE 100 faces selling pressure as COVID pandemic worries weigh
FTSE 100 trades under pressure Thursday, following a selloff on Wall Street, with pandemic worries chiefly weighing on global mining stocks.
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U.S. Senator Warren lashes out at energy companies over natural gas prices
(Fixes typo in first sentence) By Kanishka Singh (Reuters) - U.S. Senator Elizabeth Warren on Tuesday called on energy companies to explain "their decisions to export record amounts of...
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During COP26, Facebook served ads with climate falsehoods, skepticism
By Elizabeth Culliford (Reuters) -Facebook advertisers promoted false and misleading claims about climate change on the platform in recent weeks, just as the COP26 conference...
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Chevron, Exxon are among top spenders at Biden offshore auction
By Nichola Groom (Reuters) - U.S. oil majors Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) were among the top buyers at a federal auction of oil leases in the U.S. Gulf of...
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Volkswagen powers up the grid to take on Tesla
By Vera Eckert, Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) - Volkswagen (DE:VOWG_p) plans to double staff numbers at its charging and energy division, roll out new...
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