BP Doubles Down On Biofuels: Buys Out Bunge Bioenergia for $1.4B
BP to acquire Bunge's 50% stake in joint venture for $1.4 billion, consolidating financial results and supporting growth in bioenergy.
Golden State Goes After Oil Giants: Lawsuit Targets Profits From Misleading On Climate Change
California AG targets major fossil fuel companies in amended complaint, seeks forfeiture of profits from illegal activities. Lawsuit claims deceptive practices and greenwashing by companies.
BP Tightens Workplace Relationship Rules After CEO Firing: Report
BP updates policy, requires employees to disclose intimate relationships or face termination. CEO's dismissal for non-disclosure cited as reason.
ConocoPhillips Squeeze: Trinidad Court Reportedly OKs $1.3B Claim Against Venezuela
ConocoPhillips has reportedly won the right to enforce a $1.33 billion claim against Venezuela for past expropriations. They are also involved in a court case to recover money owed for the expropriation of their assets.
Lifting The Veil? US Reportedly Authorizes BP & Trinidad’s NGC To Tap Gas Reserves With Venezuela
BP & Trinidad's NGC reportedly received 2-year license from US Treasury to develop gas fields with Venezuela. Shell & EOG also bidding. Stock info provided.
Trinidad’s Shallow Water Auction: BP, Shell, EOG Reportedly Placed Bet Lured By New Terms
BP, Shell, EOG bid on 4 blocks for oil and gas exploration in Trinidad's 2023 auction. No other bidders, results in 4 months. Trinidad makes changes to attract bids.
Equinor Reportedly Scores Final Permit, Empire Wind 1 To Blast Off In 2026
Equinor received approval to build Empire Wind 1 offshore wind farm, expected to contribute to NY's goal of 9,000 MW of offshore wind power by 2035.
‘Big Short’ Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet
Michael Burry, famous for predicting 2008 crisis, made headlines with his latest 13F filing. He shifted towards commodities & renewable energy and decreased holdings in tech giants.
Chevron Ends 55-Year North Sea Operations Ahead Of Hess Deal: Report
Chevron Corp. (NYSE: CVX) will exit the U.K. North Sea, ending its 55-year presence, to streamline its portfolio amid a $53 billion acquisition of Hess Corp. (NYSE: HES).
BP Wants To Buy Tesla Supercharging Stations After Elon Musk Fired Hundreds Of Employees Responsible For Charging Network Expansion
BP and Tesla shares are moving in different directions Thursday. New reports indicate BP's electric vehicle charging unit is aggressively looking to buy Tesla supercharging sites, including the workers involved with the locations.