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BP

BP applies to set up US retail power business

BP applies to set up US retail power business

  • BP asks US regulators to set up retail power business.
  • BP Retail Energy would mark BP's entry into the sector.
  • BP plans to vastly expand power business.
Published 26 Apr, 2021 04:57pm
BP expects to hit $35 billion net debt target in first quarter
Business & Finance

BP expects to hit $35 billion net debt target in first quarter

  • The company, which had a debt pile of $39 billion at the end of 2020, had earlier expected to reduce its debt to $35 billion around the fourth quarter of 2021 or first quarter of 2022.
  • The London-based company said on Tuesday it expects sale proceeds in 2021 to be at the top end of its existing $4 billion to $6 billion range.
Published 06 Apr, 2021 12:11pm
European stocks fall
Markets

European stocks fall

LONDON/MILAN: European stocks benchmark fell on Tuesday after recording its strongest session in four months a day...
Published 03 Mar, 2021 05:49am
Energy stocks drag FTSE 100
Markets

Energy stocks drag FTSE 100

LONDON: London’s FTSE 100 inched lower on Tuesday, dragged down by energy stocks as oil prices slipped over fears...
Published 03 Mar, 2021 05:49am
FTSE 100 climbs
Markets

FTSE 100 climbs

LONDON: London’s FTSE 100 rose on Thursday, helped by mining and energy stocks that tracked higher commodity...
Published 26 Feb, 2021 05:20am
FTSE 100 falls
Business & Finance

FTSE 100 falls

LONDON: London’s FTSE 100 fell on Monday as higher commodity prices sparked fears of a spike in inflation, while...
Published 23 Feb, 2021 05:20am
Russia's FinMin proposes tax breaks for hard-to-recover gas output
Markets

Russia's FinMin proposes tax breaks for hard-to-recover gas output

  • The RBC daily reported last year that Rosneft had asked the government to ease taxes for the formation where it plans to develop the giant Kharampur project with its shareholder, BP .
  • The ministry said it has proposed to cut the mineral extraction tax for Berezovskaya. The proposal is subject to further discussion.
Published 19 Feb, 2021 07:49pm
Norway's Aker BP eyes foreign oil assets, CEO says
Business & Finance

Norway's Aker BP eyes foreign oil assets, CEO says

  • "Brazil is interesting. It's a highly prolific region," Hersvik said, but added he had not yet found assets that would justify an investment there.
  • "We have looked at that divestment campaign, and decided not to participate," he said of the two Albacora fields.
Published 04 Feb, 2021 08:10pm
BP reappoints Wise as head of crude trading in latest reshuffle
Business & Finance

BP reappoints Wise as head of crude trading in latest reshuffle

  • Wise has been the global head of crude since 2015 and the role is considered one of the most powerful in the oil industry given BP's large presence in US crude exports and refining.
  • Investors have welcomed BP's shift but have also questioned the financial viability of the plan as renewables typically generate lower returns than oil and gas.
Published 28 Oct, 2020 04:52pm