Stanley Reed
Posts
Israel-Gaza Conflict Could Slow Natural Gas Investment in Area
The fighting could hurt ambitions of Israel and the wider region, which have received a lift from Chevron to become a hub for exporting natural...
Oil Prices March Toward $100 a Barrel
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
Britain to Allow Big North Sea Oil Field, Despite Climate Concerns
A go-ahead for a long-delayed $9.4 billion drilling project is expected to support the oil industry and provide energy security, but environmental advocates were outraged.
Britain and Tata Agree to $1.6 Billion Package for Steel Mill
The plan aims to cut both emissions and financial losses at Britain’s largest steel mill, but a union says it will also put many jobs...
BP’s Chief, Bernard Looney, Resigns Over Relationships
Mr. Looney, a longtime BP employee who was named chief executive in 2020, agreed to step down immediately, the board said.
BMW Says It Will Invest $750 Million to Build Electric Minis in Oxford
The move is a boost for Britain’s car industry, but uncertainty remains about the sector’s future in the country.
No Bidders in British Offshore Wind Auction
In a potentially troubling sign for the industry, wind farm developers declined to bid. They say rising costs make the terms offered by the government...
Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia
The move reflected renewed efforts by the two major exporters to bolster the price of crude.
Wind Energy Giant Orsted Says Delays in U.S. May Cost $2 Billion
Supply chain problems and high interest rates are hurting U.S. projects, the Danish company said.
BP Reports Sharply Lower Earnings as Oil Prices Slide
The energy company offset a slide in profit by raising its dividend by 10 percent.