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The Latest Breaking News from British Petroleum

Dutton, champion of the oil and gas sector

Peter Dutton will urge some of Australia’s most polluting companies — Woodside, Shell, BP and Santos among others — to ‘fight for yourselves’, and PM Anthony Albanese has blasted outgoing Liberal MP Stuart Robert for not turning up to Parliament.

Crikey

BP subsidiary agrees to record $40M penalty and pollution-cutting steps at Lake Michigan refinery

Federal officials say a BP subsidiary will pay a $40 million penalty and install technology to control the release of benzene and other contaminants at its Whiting oil refinery in northern Indiana

The Independent UK

Could Guyana’s Exxon ruling scare big oil off risky exploration?

Ruling requiring ‘unlimited guarantee’ from oil firms to cover costs of spills could change offshore drilling throughout region

The Guardian - UK

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Adverts claiming products are carbon neutral by using offsetting face UK ban

Advertising watchdog to begin stricter enforcement on use of terms such as ‘carbon neutral’ amid concerns over offsets

The Guardian - UK

If we’re smart about water, we can stop our cities sinking

As more cities sink, rethinking how we use groundwater can ease pressure on precious aquifers.

Re: "EC urged to bar MFP leader Pita", (BP, May 10).

Bangkok Post

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Federal budget 2023: Billionaire Andrew Forrest a likely budget winner with green hydrogen subsidies

The government has injected $2 billion into green hydrogen through the federal budget amid fears Australia is falling behind in the race to become a renewable energy superpower.

ABC News

Church of England joins shareholder revolt on Shell climate goals

London (AFP) - The Church of England Tuesday said it will vote against a "green" transition plan proposed by energy giant Shell, joining other minority shareholders in calling for more ambitious carbon-cutting targets.

AFP

A taste of duty

Re: "Conscription blues", (BP, May 7).

Bangkok Post

US needs $30bn to seal 14,000 unplugged offshore oil and gas wells: study

Paris (AFP) - The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, according to research published Monday weighing potential environmental damage against the estimated price tag.

AFP

Hear the people sing

Re: "No questions asked", (PostBag, May 7) & "Neighbours, Asean states meet in Delhi over crisis", (BP, April 27).

Bangkok Post

What the polls say

Re: "MFP closing gap with Pheu Thai: Nida", (BP, May 4).

Bangkok Post

Quiz of The Week: 29 April - 5 May

Journalists worldwide have been on a royal bonanza this week in the run-up to the crowning of King Charles III.

The Week

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Daily Mirror

Fury as Shell makes £7.6BILLION in 3 months as Tory windfall tax failure blamed

The oil giant raked in a record £7.6billion in the first three months of this year, or £986 every second, and showered shareholders with £4.8billion

The Independent UK

Fury as Shell rakes in record $9.6bn first quarter ‘profit bonanza’

Shell’s ‘profiteering bonanza’ fuelled calls for a tougher windfall tax on oil giants accused of cashing in on soaring energy prices

AFP

Shell caps blazing profits season for energy majors

London (AFP) - Shell unveiled Thursday a sharp jump in profits, capping a blockbuster first-quarter earnings season for global energy majors that have shrugged off weaker gas and oil prices.

The National (Scotland)

Oil giants 'practically untouched' by windfall tax as Shell announces bumper profits

OIL giants Shell, Equinor and BP have announced multi-billion pound profits, sparking calls for tougher windfall taxes on fossil fuel companies.

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Insider UK

Shell makes nearly £1.4 billion more than expected

Oil giant will buy back shares worth £3.2bn from investors over the next three months

The Guardian - UK

ECB’s Lagarde says some firms have taken advantage of inflation to lift profit margins, after raising interest rates – as it happened

European Central Bank has lifted its key interest rates by a quarter of one percent

Wales Online

Shell makes nearly £1.4bn more than expected in first three months

The business joined its rival BP in reporting expectations-beating results

The Guardian - UK

Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn

Figure easily beats predictions and comes despite fall in oil and gas price

Bangkok Post

Could've, should've

Re: "Thaksin's tweet sparks debate", & "In Quote", (BP, May 2).

Investors Business Daily

8 IPOs, 14 Dividend Stocks, Plus Earnings Give Investors A Workout

As top dividend stocks ExxonMobil, BP, Shell and VICI get tested, ONON stock and seven other IPO stocks show strength.

Roll Call

Democrats still aim to probe oil giants’ climate-change knowledge - Roll Call

Senate Democrats aim to continue a House investigation into the oil industry's so-called supermajors and what they knew about climate change.

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People

Alexandria OcasioCortez

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