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Amnesty International hits out at ‘shocking’ annual figure reaped through fossil fuelSaudi Aramco has reported a record $161bn (£133bn) profit for 2022, the largest annual profit ever recorded by an oil and gas company, fuelled by soaring energy prices…
Bernard Looney’s £10m pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine warA payout for the boss of BP has been labelled a “kick in the teeth” for consumers battling the cost of living crisis, as chief e…
Harbour Energy says it had to cut jobs and investment after setting aside $1.7bn to cover windfall tax costs until 2028The North Sea’s biggest producer has hit out at the windfall tax on oil and gas companies after claiming a near 700% surge in profits…
Liquid petroleum gas firms want a directive to favour biofuels and hydrogen, to which they could pivotEurope’s gas industry has embarked on an intensive lobbying operation to try to hinder the phaseout of gas boilers under forthcoming changes to EU leg…
Liquid petroleum gas firms want a directive to favour biofuels and hydrogen, to which they could pivotEurope’s gas industry has embarked on an intensive lobbying operation to try to hinder the phaseout of gas boilers under forthcoming changes to EU leg…
Wreckage suggests UAV was Ukrainian-made, marking rare attempted strike hundreds of miles behind Russian linesRussia-Ukraine war – latest news updatesA military drone attempted to strike a gas facility in the Moscow region, according to a senior Russia…
Museum says no talks took place between October 2021 and December 2022 and most recent deal has endedFurther questions have been raised about the future of the British Museum’s controversial sponsorship deal with BP, after the museum said the two parti…
Critics say energy giant’s windfall gain from price rises in wake of invasion of Ukraine will likely prove short-lived as markets accelerate shift to renewablesFollow our Australia news live blog for the latest updatesGet our morning and afternoon news…
Firm set for clash with investors over possible payout to Bernard Looney from three-year share award planBP is set for a clash with investors after it emerged the oil and gas group’s chief executive could be in line for a special bonus of up to £11.4m….
International Energy Agency says efforts to replace Russian gas successful but warns against overconfidenceThe head of the International Energy Agency has warned that the “energy battle” between Europe and Russia is not over, despite a sharp drop in wh…