Leading energy companies announce Transition Principles

The FINANCIAL --According to Royal Dutch Shell eight leading energy companies have jointly developed and agreed Principles as a collaborative platform for energy transition. Joint collaborative approach welcomed by investors leading engagement with companies across sector through Climate Action 100+. Principles support collective industry acceleration…

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bp and Amazon deepen their successful relationship

The FINANCIAL -- bp and Amazon have agreed to extend their longstanding relationship, with bp to supply additional renewable energy to power Amazon’s operations, and Amazon Web Services (AWS) enabling the acceleration of bp’s programme to digitise its infrastructure and operations.…

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bp plans to cease production at Kwinana Refinery

The FINANCIAL — bp Australia today announced that it will cease fuel production at its Kwinana Refinery and ‎convert it to an import terminal, helping to ensure ongoing security of fuel supply for Western ‎Australia.  The refinery, near Fremantle, has provided fuels…

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BP Canada and Equinor made oil discoveries offshore Newfoundland, Canada

The FINANCIAL — Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide…

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bp starts gas production from Qattameya field

The FINANCIAL — bp today announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.  Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to…

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13 big airlines join net-zero emission strategy

The FINANCIAL — A group representing investors that collectively manage more than US$47tn in assets has demanded the world’s biggest corporate polluters back strategies to reach net-zero emissions and promised to hold them to public account. Climate Action 100+ is an initiative that…

6 mins read