Two energy giants, two green projects: one double-booking in North Sea
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals.
Saudi Aramco joins oil results bonanza with 39% jump in net income
Saudi Arabian state oil producer Aramco beat forecasts on Tuesday with a 39% jump in third-quarter net income and reported record free cash flows, joining rivals in benefiting from higher prices and robust demand.
Shell advances to next round of bidding for Danish biogas maker Nature Energy -sources
LONDON, Oct 18 (Reuters) – Shell is among a number of companies joining a second bidding round to acquire Danish biogas producer Nature Energy, three sources familiar with the matter said, as energy firms race to boost low-carbon businesses. The sale is due to close by the end of this year and could value Nature Energy […]
UK midcaps at three-week low as recession fears grow
UK midcaps hit a three-week trough on Monday while the export-centric FTSE 100 eased from its recent peak on fears of aggressive interest rate hikes by major central banks and slowing economic growth.
Exclusive: PetroChina may sell Australian, Canadian assets to stem losses
PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said.
EXCLUSIVE Ontario Teachers to invest up to $1 bln in Macquarie offshore wind unit
Major Canadian pension fund Ontario Teachers’ Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia’s Macquarie Group Ltd (MQG.AX) to develop projects around the world, the companies told Reuters on Thursday.
Shell posts record quarterly profit, lifted by energy price surge
Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.
BP expects to pay up to 1 bln pounds in UK taxes in 2022
BP (BP.L) said on Tuesday it expected to pay up to 1 billion pounds ($1.25 billion) in taxes in Britain on its 2022 profits, after its operating profit surged despite reporting a big writedown for exiting its Russian businesses. read more
EXCLUSIVE Investors warn European companies over climate accounting
Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP (BP.L) and Volkswagen (VOWG_p.DE), that they could challenge board directors over their accounting of climate risks.
Russia to temporarily ban foreigners from selling assets
Russia will temporarily stop foreign investors from selling Russian assets to ensure they take a considered decision, not one driven by political pressure, the prime minister said on Tuesday, as Moscow responds to intensifying Western sanctions.
