

Stanley Reed
Posts

Britain and Tata Agree to $1.6 Billion Package for Steel Mill
The plan aims to cut both emissions and financial losses at Britain’s largest steel mill, but a union says it will also put many jobs...

BP’s Chief, Bernard Looney, Resigns Over Relationships
Mr. Looney, a longtime BP employee who was named chief executive in 2020, agreed to step down immediately, the board said.

BMW Says It Will Invest $750 Million to Build Electric Minis in Oxford
The move is a boost for Britain’s car industry, but uncertainty remains about the sector’s future in the country.

No Bidders in British Offshore Wind Auction
In a potentially troubling sign for the industry, wind farm developers declined to bid. They say rising costs make the terms offered by the government...

Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia
The move reflected renewed efforts by the two major exporters to bolster the price of crude.

Wind Energy Giant Orsted Says Delays in U.S. May Cost $2 Billion
Supply chain problems and high interest rates are hurting U.S. projects, the Danish company said.

BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.

British Government Signals Support for Oil and Gas Industry
With a general election expected next year, the government said it would issue new licenses for energy exploration in the North Sea.

Shell Reports Sharply Lower Earnings as Energy Prices Ease
After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.

An American Energy Giant Sees Israel as a Springboard to Europe
Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.