Oil giant BP finds new home for London headquarters

Oil giant BP finds new home for London headquarters

LONDON, Dec 2 (Reuters) – British energy giant BP (BP.L) will move its headquarters in central London to a new location in 2024 after agreeing to lease new grounds not far from Trafalgar Square, the company said on Friday. BP sold its 1 St. James’s Square headquarter in late 2020 for 250 million pounds as … Read more

EU fails to agree on Russian oil price cap, say diplomats

EU fails to agree on Russian oil price cap, say diplomats

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, as Poland insisted that the cap had to be set lower than proposed by the G7 to cut Moscow’s ability to finance its invasion of Ukraine, diplomats said. “There is no deal. The … Read more

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a village in eastern Poland … Read more

Kremlin: Considering ‘further steps’ over allegation Britain attacked Nord Stream gas pipelines

Kremlin: Considering ‘further steps’ over allegation Britain attacked Nord Stream gas pipelines

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 1 (Reuters) – Russia said on Tuesday it was considering what “further steps” to take in connection with its allegation that Britain was responsible for an attack on the Nord Stream undersea gas pipelines. Russia’s defence … Read more

Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax

Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax

WASHINGTON, Oct 31 (Reuters) – U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to lower costs for Americans and increase production, or pay a higher tax rate, as he battles high pump prices with elections coming in a week. In remarks at the White House, Biden … Read more

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Oil firm smashes Wall Street forecasts with $19.7 billion profit Exxon’s fossil-fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil output this year on Russia losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant … Read more

Oil giant Schlumberger rebrands itself as SLB for low-carbon future

Oil giant Schlumberger rebrands itself as SLB for low-carbon future

Oct 24 (Reuters) – Schlumberger (SLB.N), the world’s largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future, the company said on Monday. The nearly 100-year-old firm, originally named after its founding family, has become a giant in oilfield services and equipment … Read more

Oil prices settle up; China demand hopes outweigh recession worry

Oil prices settle up; China demand hopes outweigh recession worry

Brent logs weekly rise, U.S. crude down on week U.S. drillers add rigs for second week – Baker Hughes Saudi says OPEC+ doing the right job to ensure stable market Fed’s Harker says high inflation calls for more rate hikes NEW YORK, Oct 21 (Reuters) – Oil prices settled up on Friday as hopes of … Read more

Nord Stream ruptures revealed as Europe grapples with gas plan

Nord Stream ruptures revealed as Europe grapples with gas plan

Nord Stream leaks discovered in late September Newspaper reports what it calls first images of damage EU proposes energy measures, avoids immediate gas price cap EU seeks to launch new gas price benchmark, joint purchases COPENHAGEN/BRUSSELS , Oct 18 (Reuters) – Damage to the Nord Stream gas pipeline from Russia to Europe was caused by … Read more

Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

Dozens of LNG-laden ships queue off Europe’s coasts unable to unload

LONDON/MADRID, Oct 17 (Reuters) – Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this “exceptional situation”. Europe is facing an energy supply squeeze as Russia … Read more