Big Oil hits brakes on search for new fossil fuels

[ad_1] LONDON (Reuters) – Top oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus…

UK concerned by Iran actions, calls for de-escalation – May’s spokesman

[ad_1] FILE PHOTO: Britain’s Prime Minister Theresa May delivers a speech at headquarters of Joint Forces Command in Northwood, London, Britain July 8, 2019. Matt Dunham/Pool via REUTERS LONDON (Reuters)…

Iberdrola’s green spending spree eclipses European Big Oil’s plans

[ad_1] LONDON (Reuters) – Spanish wind energy group Iberdrola’s plans to spend around $88 billion (67.5 billion pounds) on renewable power by 2025 eclipse Europe’s top oil companies’ combined planned…

BP raises nearly $12 billion in first hybrid bonds issue

[ad_1] By Ron Bousso, Kanishka Singh LONDON (Reuters) – BP Plc BP.L has raised nearly $12 billion (£9.6 billion) in debt, taking advantage of low borrowing costs days after the…

Danish pension funds back ‘green transition’ with $50 billion

[ad_1] COPENHAGEN (Reuters) – Danish private pension funds on Monday pledged to invest more than $50 billion in green assets over the next decade to fight climate change, as part…

Petrobras signs deal with Brazil regulator for sale of refining assets

[ad_1] FILE PHOTO: Brazil’s state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil December 5, 2018. REUTERS/Sergio Moraes SAO PAULO (Reuters) – Brazil’s state-controlled oil company Petroleo Brasileiro SA…

Turkish ship to begin drilling off Cyprus: minister

[ad_1] ISTANBUL (Reuters) – One of Turkey’s oil and gas exploration ships in the eastern Mediterranean will soon begin drilling southwest of Cyprus, Energy Minister Fatih Donmez said on Saturday,…

Factbox-Who will spearhead Biden’s climate, energy and agriculture policies?

[ad_1] (Reuters) – President-elect Joe Biden is expected as soon as Wednesday to name key members of his core team that will help him overhaul U.S. energy and environment policy…

Coming U.S. shale results will test extent of oil hedges, output cuts

[ad_1] By Arathy S Nair, Arunima Kumar (Reuters) – As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts…

Exxon, BP bosses set for rare Russia showing with Putin

[ad_1] MOSCOW (Reuters) – The bosses of ExxonMobil XOM.N and BP BP.L are set to take part in an energy conference presided by Russian President Vladimir Putin in a rare…