Edition:
United Kingdom

Ron Bousso

The new black gold? Big Oil bets on retail networks in an electric era

03 Dec 2020

LONDON For Big Oil, coffee and chocolate could be the new black gold.

Oil majors wipe $80 billion off books as epidemic, energy transition bite

01 Dec 2020

LONDON The world's top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition.

UPDATE 1-BP and Ithaca start production at Vorlich field in UK North Sea

26 Nov 2020

LONDON, Nov 26 BP and Delek Group-owned Ithaca Energy have started oil and gas production at the Vorlich field in Britain's central North Sea, the companies said on Thursday.

Shell UK gender pay gap narrows slightly in 2020

25 Nov 2020

LONDON Royal Dutch Shell's female employees in Britain earned 18% less on average than their male colleagues in 2020, with the pay gap slightly narrowing from the previous year.

Exclusive: Elliott Management invests in small Guyana oil explorer - sources

24 Nov 2020

NEW YORK/LONDON Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the matter said.

BP agrees London headquarters sale and leaseback with Lifestyle Intl

20 Nov 2020

LONDON BP has agreed to sell its London headquarters for 250 million pounds, a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy.

BP, Orsted launch green hydrogen project at German oil refinery

10 Nov 2020

LONDON BP and Danish renewable energy group Orsted have partnered to develop zero-carbon hydrogen at a German oil refinery, BP's first full-scale project in a sector that is expected to grow rapidly.

Iberdrola's green spending spree eclipses European Big Oil's plans

05 Nov 2020

LONDON Spanish wind energy group Iberdrola's plans to spend around $88 billion (67.5 billion pounds) on renewable power by 2025 eclipse Europe's top oil companies' combined planned investments in low-carbon over the same period.

Total seeks to sell stakes in Angolan oilfields - sources

04 Nov 2020

LONDON Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said.

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