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...The companies include Saudi Aramco, TotalEnergies, BP, Shell and ExxonMobil....
...after some academics submitted a “Grace”, a formal proposal to Senate, Cambridge’s democratic governing body, calling on it to “cease collaboration of all forms with companies carrying out or facilitating exploration...
...BP will contribute its existing concession and exploration agreements in Egypt, while Adnoc will make “a proportionate cash contribution” to be used for future growth opportunities, the companies said in...
...And even then, western oil companies, such as Shell and BP, have withdrawn from the region after investing billions of dollars. And it isn't only profit margins at stake....
...(Nic Fildes) Power Points Shell sold millions of ‘phantom’ carbon credits The $9tn question: how to pay for the green transition BP shareholders expect oil group to scale back climate target Energy...
...Last weekend, the country awarded new exploration licences to operators including Eni and BP. But conflict with Hamas puts natural gas exports at risk. Already, Israel has shut off its Tamar field....
...visions of the pace and shape of the route there, with Labour aiming to decarbonise the electricity system by 2030 compared to the Conservatives’ 2035 target, and planning not to award new oil and gas exploration...
...News that the Israeli government awarded a further 12 exploration licences over the weekend, to operators including Italy’s Eni, and BP, underscores its growth ambitions....
...Rival energy groups Neste, Eni, Repsol, Galp Energia, BP, Shell and OMV also appear in many funds, although ISR funds may not have to sell some of these, such as Finland’s Neste....
...Among the US’s shale exploration and production specialists, analysts said larger remaining companies would look to combine to gain scale and present an attractive target for a supermajor buyout down the...
...The decision to allow exploration and potentially extraction has drawn fire from everybody from environmentalists and fishing groups to big companies and, most recently, the European parliament....
...Seasoned oil and gas investors know new exploration permits do not mean the North Sea’s taps will suddenly be jammed open. Exploration success is far from guaranteed....
...BP has claimed leadership among big oil producers seeking to curb emissions, saying that in 2030 about 50 per cent of group capital spending would be on “transition” businesses, including electric vehicle...
...Indeed, the region has been central to the company since its foundation in 2011 by former BP chief Tony Hayward, with exploration and other expansion plans largely leading to share price falls....
...“There is a big risk of encouraging the initiation of an industry that, at least long term, is in secular decline,” said Michael Coffin, a former BP geologist who is now the head of oil, gas and mining at...
...Results: Earnings are due from Norwegian oil exploration company Aker BP and the UK’s largest luxury timepiece retailer Watches of Switzerland....
...BP appointed Kate Thomson as its permanent chief financial officer on Friday....
...Starlee Sykes, head of BP’s Gulf of Mexico business, told the Financial Times in an interview that the company had responded to Biden’s call and planned to continue exploration for new oil and gasfields...
...Before then, the process had been paused since 2020 as the government reviewed the climate impact of oil and gas exploration....
...BP declined to comment....
...Revenues from already producing oil sites — such as the Liza field — are not ringfenced but can be used to recover costs for exploration across other sites in the block....
...The stance is in contrast to some European energy majors, such as BP and TotalEnergies, which are increasing investments in renewable energy at a faster pace than their US peers....
...BP followed suit in 2019, offloading its final Arctic assets....
...Rishi Sunak on Monday also backed the granting of more than 100 new oil and gas exploration licences in the North Sea....
...Exxon peers in Europe such as BP and Shell have sold parts of their fossil fuel portfolio in response to climate concerns. Both companies have cut oil output since 2019....
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