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The Latest Breaking News from British Petroleum

Amidst diminishing crude oil inventory and robust demand, oil prices are rising. Hence, fundamentally strong oil stocks BP p.l.c (BP), Petróleo Brasileiro (PBR), and Sasol (SSL), which have gained steady momentum, might be ideal buys to capitalize on industry tailwinds. Keep reading.

StockNews.com

Grant Shapps convenes summit with energy giants in Downing Street

The Energy Security Secretary will meet companies who collectively have multi-billion pound plans to invest in low and zero-carbon projects.

The Independent UK

Tories dubbed 'political wing of fossil fuel industry' after lobbying revelations

THE Tories have been branded the “political wing of the fossil fuel industry” after an analysis found that ministers met with energy firms 53…

The National (Scotland)

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Dismay as BP and Shell see huge profits while oil and gas prices fall

BP and Shell have continued to report multi-billion pound profits despite a drop in energy prices.

The Independent UK

BP profits are cut in half to $2.6 billion as oil and natural gas prices fall

Energy giant BP says it earned nearly $2.6 billion in the second quarter

The Independent UK

Oil giant BP handing more cash to investors after £2bn profits announcement

OIL giant BP has been accused of “climate-wrecking profiteering” after revealing gains of £2 billion over the latest quarter.

The National (Scotland)

FTSE 100 Live: Shares slip, Nationwide house prices down, BP profits fall but dividend up

Shareholders of BP, HSBC and Diageo can expect more big dividends after the trio of FTSE 100 heavyweights posted results today.

Evening Standard

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UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

The Guardian - UK

BP’s £2bn profits cause anger amid climate crisis

Oil and gas company to return another $1.5bn to investors through a share buyback

The Guardian - UK

The oil industry has succumbed to a dangerous new climate denialism

If we have not been warned of the dangers of climate change this summer, we never will be. Extreme heat, forest fires and floods have been all over news reports. Yet the oil and gas industry remains largely in denial.

The Conversation

Why Dunkin' and Lego rebrands succeeded – but X missed the mark

Twitter has swapped the fluffy bird that used to symbolize the social media platform for a spindly black X. Ditching the company’s well-known logo and changing its name to a letter often associated with danger, death and the unknown is only the latest user-aggravating step CEO Elon Musk has taken…

The Conversation

Twitter's rebrand to X shifts the focus to Musk's 'everything app' plans but here's why he might have moved too early

A succession of upheavals have characterised Elon Musk’s leadership of Twitter since he acquired the social media platform in November 2022 – from his U-turns on the acquisition, to firings and rehirings and a significant drop in advertising revenue. But his latest move is the most significant: abandoning the globally…

The Conversation

Twitter to X and five other controversial rebrands from history

Twitter’s blue bird is soon to be no more as owner Elon Musk this week announced the company’s logo is to be a black X.

The Week

Climate optimist loses faith in oil and gas industry

When Costa Rican diplomat Christiana Figueres says she no longer believes the oil and gas industry will do the right thing around climate change, it’s a big deal, including in New Zealand. Ditto when Al Gore says the same thing.

Newsroom.co.nz

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The Guardian - UK

Rebranding Twitter: the shaky history of corporate makeovers

From Abrdn to BP’s ‘beyond petroleum’ and the Royal Mail switch to Consignia – customer backlashes can bite

The Hindu

Taking healthcare to the people | The complete Makkalai Thedi Maruthuvam experience in Tamil Nadu

Tamil Nadu's Makkalai Thedi Maruthuvam (MTM) is a path-breaking project providing surveillance and intervention for health needs of its people. It has improved accessibility, early detection of diabetes/hypertension, and reduced out-of-pocket expenditure. Challenges remain, such as human resources, data accuracy, drug delivery, and evaluating outcomes. WHVs, VHNs, and digital tools…

The Hindu

British Petroleum delegation from U.K. visits VIT, Vellore

BP delegation visits VIT Vellore to create awareness on digital trends in energy industry. Four-member team, led by Ms. Joanne Legge, held strategic discussion with VIT founder-chancellor G. Viswanathan. Pro vice chancellor Partha Sharathi Mallick briefed delegation on intellectual capital, research activities, infrastructure and industry interface. Deans from various schools…

The Guardian - US

‘People need to be riled up’: meteorologist names US heatwaves after oil and gas giants

Guy Walton has christened two previous heatwaves this summer Amoco and BP in attempt to name and shame fossil fuel firms

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The Guardian - UK

BP fined £650,000 over death of worker who fell off oil platform into sea

Man sustained fatal injuries when he fell through open grating on Unity installation in North Sea in 2014

The National (Scotland)

BP fined £650,000 over death of worker who fell from offshore platform

OIL giant BP has been fined £650,000 over health and safety failings after a worker fell through an open grating on an offshore platform into the…

The Independent UK

BP fined £650,000 after offshore worker died in fall from North Sea rig

Sean Anderson died in fall through open grate on platform in 2014

The Independent UK

Top US firms supplied equipment to keep Russian oil flowing after Ukraine invasion

America's top oilfield services companies sold millions of dollars in vital oil equipment to Russia after the invasion of Ukraine

The Independent UK

Missing Ohio State grad student found dead in quarry weeks after she vanished

‘Her personality was simply beautiful – a bubbly, shy, caring, funny, and loving human being inside and out’

The National (Scotland)

The Scottish Government says we’re moving to a wellbeing economy – but when?

EARLIER this week more than 200 charities, unions, academics and campaigners signed an open letter calling on Humza Yousaf to follow through with…

Daily Record

SNP demands investigation into Scots Tory MP David Duguid over BP shareholding

Duguid, the MP for Banff and Buchan, previously criticised the idea of a windfall tax on energy companies without declaring his wife's £50,000 shares

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