BP Energy News Monitoring

Oil Prices, The Demand Dilemma And The Pace Of Economic Recovery

With the price of oil up in the last three months (the Brent spot price was $39.68 on Nov. 4) and still rising, there is some optimism that maybe prices are heading for highs we haven't seen in years. As we know, the price of oil is a mixture of market …

BP: Not all its car charging stations turning profit yet

Mark Chediak, Bloomberg Feb. 3, 2021Updated: Feb. 3, 2021 3:57 p.m. An electric car charges at a BP petrol and refueling station in London.Luke MacGregor/Bloomberg BP isn’t turning a profit yet on all its car-charging stations, but the U.K. oil giant …

Shell Deepens Big Oil Disappointment

(Bloomberg) -- Royal Dutch Shell Plc deepened the disappointment of Big Oil’s fourth quarter, reporting net income that fell short of expectations and weak cash flow. The company added to the evidence from its peers that much of the industry is still …

Top Five Oil Giants’ Market Value Falls To $680 Billion, Lower Than Tesla’s $752 Billion

There is a delicate blend of optimism and caution as oil supermajors sail into earnings season, following one of the worst years for the industry. According to the research data analyzed and published by Sijoitusrahastot, the energy sector was the worst …

Oil companies are rapidly dividing into two camps. The stakes are high

Experts say that if these companies are really going to change course, it must happen soon, or their businesses will simply fall too far behind."Both [sides] can't be right," said Andrew Logan, senior director of oil and gas at sustainability …

Nigeria’s crude oil exports hit 3-year low

West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output in Angola. Combined flows from the region fell to 3.41 million …

Light Crude Settles Near $55

(Bloomberg) -- Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally. Futures rose 2.3% in New York, earlier rising above $55 a barrel for the first time …

Hit by Covid-19, oil giants Exxon, BP post huge 2020 losses

Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday (Wednesday NZT) as the pandemic crushed energy demand and undercut oil prices. Exxon Mobil Corp reported the largest losses in its history – nearly US$20.1 billion (NZ$27.9b) for the …

BP to sell stake in Oman’s Block 61 to PTTEP for $2.6bn

BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and Production Public Company (PTTEP) of Thailand for a total consideration of $2.6 billion. Following completion of the sale, BP will remain operator of the block, …

After a bruising year, Big Oil isn’t so big anymore

The oil industry is slowly transitioning to a future dominated by cleaner energy. BP, Royal Dutch Shell, Total and other European companies are investing considerable resources in offshore wind and solar energy while cutting back on oil. But those …

Hit by pandemic, oil giants Exxon, BP post multi-billion dollar losses

The oil companies are hoping that the rollout of COVID-19 vaccines will mean a return to more normal life for businesses and consumers, which would in turn boost demand for oil and natural gas. Energy demand slumped last year as the pandemic led to …

Hit by pandemic, oil giants Exxon, BP post huge 2020 losses

DALLAS — Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices. Exxon Mobil Corp. reported the largest losses in its history — nearly $20.1 billion for the fourth quarter, …

Big Oil Has Barely Begun Covid Recovery

(Bloomberg) -- BP Plc offered more evidence that Big Oil has barely begun to heal the wounds from last year’s historic slump. The Western world’s largest energy producers were supposed to be sailing into the fourth-quarter earnings season with a tailwind …

Oil Up on Dollar Drop and Demand Optimism

(Bloomberg) -- Oil rose past $54 a barrel with help from a falling dollar after jumping the most in three weeks on optimism over the demand outlook. Futures in New York headed for the highest close in almost a year after being swept up with a rally in U.S. …

Oil giant BP plunges into $20.3-bn annual loss on virus

BP swings to profit, but misses consensus view

BP PLC said Tuesday that it swung to a profit in the fourth quarter of 2020 as oil prices continued to recover. The British oil major made a net profit of $1.36 billion in the three months to Dec. 31, compared with a net loss of $450 million in the third …

Oil Prices Show Healthy Gains

(Bloomberg) -- Oil rose to the highest in more than two weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed 2.6% in New York on Monday, the largest jump in about three weeks, with the S&P 500 …

Brand Watch: U.S. oil majors feel heat as climate divide widens with European competitors

In his column in the new Sustainable Business Review, Oliver Balch analyses the latest sustainability news affecting companies, from climate risk to supply chain standards With the divestment movement gaining pace and the regulatory noose tightening, oil …

PTTEP Makes Multi $Billion BP Deal

PTTEP MENA Limited, a subsidiary of PTTEP, has signed a sale and purchase agreement with BP Exploration (Epsilon) Limited for a 20 percent stake in Oman’s Block 61. The deal has a transaction value of $2.45 billion, which excludes potential contingent …

Crank Media Inc Announces the official Name and Symbol Change

VANCOUVER, BC, CANADA, February 25, 2021 /⁨EINPresswire.com⁩/ -- Crank Media Inc, formerly Team 360 Sports Inc (OTC: TSPO) has officially changed its name along with a new symbol (OTC: CRKM) effective February 26, 2021. About Crank Media Inc. …

Monica Gillison Joins LTEN Advisory Council

Life sciences trainers associations welcomes SK Life Science training leader, Monica Gillison, to organization's leadership team. ROANOKE, VA, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- Life sciences training leader Monica …

Advancing a Career Through Online Learning Just Got Easier, and Faster With learnlogic®

SCOTTSDALE, AZ, USA, February 25, 2021 /⁨EINPresswire.com⁩/ -- In a time of massive change, organizations and their employees need to develop new skills that are relevant in a time of disruption. The good news is, innovators like learnlogic® www. …

The Eastern Colorado Bank - keeping that Friendly, Community Bank Feeling as they Continue to Grow

CEOCFO Magazine interviews The Eastern Colorado Bank CEO Mr. Greg J. Weed on the Company’s mantra of Your Friendly Bank® CHEYENNE WELLS, COLORADO, US, February 25, 2021 /⁨EINPresswire.com⁩/ -- CEOCFO Magazine, an independent business and investor …

OnPay Solutions Partners with oAppsNet Group to Enable AP Automation via Oracle Integration

OnPay Solutions, a Top Ten AP Automation Solutions Provider, has partnered with oAppsNet Group to provide AP automation solutions with easy ERP integration. JACKSONVILLE, FL, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- OnPay Solutions …

AIM Insurance Acquires InRoads Insurance Brokers, Milton, Ontario

Our alignment of beliefs, core values, and desire to succeed has made this an easy transition for both AIM Insurance and InRoads Insurance Brokers. BURLINGTON, ONTARIO, CANADA, February 25, 2021 /⁨EINPresswire.com⁩/ -- We are excited to announce …

Every Kid Sports Raising $10 Million to get 100,000 Low-Income Kids In Sports.

Strained family budgets and pandemic severely impacting youth sports. Covering registration fees for qualifying families will benefit kids and sports leagues. BEND, OREGON, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- Every Kid …

Governments and Corporations are Responsible for the Life and Death of Small Business

No More Excuses: Small Business Needs Support, Not Lockdowns and Unfair Restrictions TORONTO, ONTARIO, CANADA, February 25, 2021 /⁨EINPresswire.com⁩/ -- How many small businesses throughout Canada have struggled and closed while many large …

Celebrated former superintendent Dr. Sherry Grate joins Ambassador Enterprises to lead Community Impact Investing

Dr. Sherry Grate, formerly Westfield Washington Schools Superintendent, returns to northeast Indiana to lead the company's Community Impact investment lane FORT WAYNE, IN, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- Dr. Sherry …

Wayrates Brings Loads of Attractive End of Winter Offers for New Customers

Online retail store Wayrates will soon start its End of Winter sale. The owners of the store have adopted a new pricing strategy to attract new customers. HONG KONG, CHINA, February 25, 2021 /⁨EINPresswire.com⁩/ -- Wayrates.com, a reputable online …

Shoessee Slashed down Shipping Fee on Purchases Made By US Customers

To make their products equally popular within the US mainland, Shoessee brought a somewhat exciting offer for buyers ordering products from inside the US. HONG KONG, CHINA, February 25, 2021 /⁨EINPresswire.com⁩/ -- Shoessee, an online shopping …

Sam Harper Joins the Colorectal Cancer Alliance as VP of Data Intelligence and Technology

Harper will lead the data and technology team focused on making a large-scale impact against colorectal cancer. WASHINGTON, DC, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- The national nonprofit Colorectal Cancer Alliance (Alliance) …

ILLUSSO CREATES JOBS AND INNOVATIVE SOLUTIONS AMIDST COVID-19

New hospitality solutions company to support recovery of boutique five-star hotels around the world LOS ANGELES, CA, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- Driven by the pandemic’s severe impact on hospitality and unprecedented …

Tanaza Completes Facebook Accelerator: Connectivity Program, Extending its Wi-Fi Offering

Tanaza delivers on Express Wi-Fi milestones to make connectivity more affordable. MILAN, ITALY, February 25, 2021 /⁨EINPresswire.com⁩/ -- Tanaza, a leader in the cloud-managed wireless networking industry, today announced milestones achieved …

Prelude to a Cure Selected as Charity of Choice from the Winn Dixie Community Bag with a Giving Tag Program

TAMPA, FL, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- Prelude to a Cure, a non-profit organization based in Tampa, FL has been selected as the Charity of Choice for select SE Grocers Winn-Dixie locations as part of their “Community …

11 Horse Deaths At New York Race Tracks in 2021 Underscore Need for Reforms

ELMONT, NEW YORK , USA , February 25, 2021 /⁨EINPresswire.com⁩/ -- Even though a new federal anti-doping law has been enacted, there has been a rash of racehorse deaths in recent weeks, reminding the industry and the American public that the law …

Urban South - HTX Celebrates One Year Anniversary

Houston craft brewery commemorates growth and accomplishments during first year of operation HOUSTON, TEXAS, USA, February 25, 2021 /⁨EINPresswire.com⁩/ -- Urban South - HTX is celebrating one year of hard work and great beer at its Sawyer Yards …

02 Market just added a new range of stores to save money on Pet Food, Pet Treats and Pet Medical

With 02 market anyone can save money on anything when buy online from Amazon, eBay, Walmart and many more TOMS RIVER, NEW JERSEY, USA, February 25, 2021 /⁨EINPresswire.com⁩/ -- The new price comparison site 02 market offers value for pet owners. …

Robert Tweed: Mold Remediation CEO on When you Should Call a Mold Professional

Robert Tweed: Mold Remediation CEO on When you Should Call a Mold Professional SAN MARINO, CA, USA, February 25, 2021 /⁨EINPresswire.com⁩/ -- Robert Tweed is a real estate professional with expertise in property investing, high-income rental …

Guided by Grief Launches Turn-key Program for Funeral Homes and Healthcare Organizations to Offer Ongoing Grief Support

The Funeral is Over, Now What? Beyond Today is an automated way for healthcare and death-care professionals to offer ongoing grief support to families served. AUSTIN, TEXAS, UNITED STATES, February 25, 2021 /⁨EINPresswire.com⁩/ -- The Funeral is …