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Stanley Reed
Posts
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Britain to Allow Big North Sea Oil Field, Despite Climate Concerns
A go-ahead for a long-delayed $9.4 billion drilling project is expected to support the oil industry and provide energy security, but environmental advocates were outraged.
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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...
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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.
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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.
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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...
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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.
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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.
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BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.
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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.
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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.