bp recovers £1.8m from former CEO

bp has reclaimed £1.8m from former Chief Executive Bernard Looney, who left in September amid controversy over undisclosed personal relationships, which the board deemed as “serious misconduct.” In December, bp’s board concluded that former Chief Executive Bernard Looney was involved in “serious misconduct” concerning past relationships with colleagues. The oil company’s annual report, released on […]

Chancellor: Extending windfall tax a ‘difficult decision’

Chancellor Jeremy Hunt has admitted extending the windfall tax on energy firms was a tough call, citing unexpected profits amid global uncertainty, including the Ukraine conflict

We need a government that will take responsibility for net zero, says heat pump expert

In this week’s Net Hero Podcast, we spoke to Alastair Murray, CEO and Founder of Rendesco who said that the government needs to invest in low carbon technologies

Global oil demand hits seasonal highs

Global oil demand hit a seasonal high in December, marking the eighth monthly record of 2023, according to new data

Energy industry launches urgent talks on Labour’s tax plan

Offshore Energies UK is convening emergency summits this week at its London and Aberdeen offices, gathering its members

Barclays halts financing for new oil and gas projects

Barclays has decided to stop funding new oil and gas projects directly and introduced stricter rules for clients expanding in these sectors

TotalEnergies reports highest ever profit

French energy giant TotalEnergies reports its highest-ever profit of $21.4 billion for 2023

Equinor reports £9.4bn in annual profits

Equinor’s fourth quarter profits exceeded expectations, driven by a reduction in operating costs

TotalEnergies bags gas assets in Malaysia

TotalEnergies has inked a deal to acquire OMV’s 50% stake in SapuraOMV, a major Malaysian independent gas producer, for $903 million

Shell’s big profit dip

Despite a nearly 30% drop in annual profits to $28 billion, energy giant Shell is initiating a new $3.5 billion share buyback and increasing its dividend by 4%