User banner image
User avatar
  • Stanley Reed

Posts

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.

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.