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The Latest Breaking News from British Petroleum

Oil prices surge after Opec+ production cuts

Shell and BP saw their share prices rise following a jump in the price of oil.

The Independent UK

As GameStop Gears up for Another Short Squeeze, Focus on These Specialty Retailers Instead

With a positive earnings surprise in Q4, GameStop (GME) might be on its way to going bonkers as it did in 2021. However, given its unstable performance and uncertain prospects, fundamentally sound retail stocks ODP Corporation (ODP), TravelCenters of America (TA), and Build-A-Bear Workshop (BBW) appear to be more worthy…

StockNews.com

Rolls-Royce appoints first female finance chief in boardroom shake-up

Helen McCabe joins from BP where she worked alongside Rolls-Royce CEO Tufan Erginbilgic

The Guardian - UK

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Shoplifting in UK on the rise as food prices soar

Grocery price inflation hit record highs in March

The Independent UK

Russia's Rosneft files suit against Reuters over BP article

Russian oil giant Rosneft has filed a suit against Reuters in a Moscow court, alleging parts of a Reuters article about BP's decision to exit its stake in Rosneft were defamatory.

Reuters

Season’s greetings: Making sense of Kyle Wright and Cubs and Sox win totals

Bet on it: Smart baseball bettors can find value in MLB futures bets

Chicago Sun-Times

Scots roofer who dealt drugs for crime gang caught red-handed with cocaine worth almost £100k

Gareth Speirs was caught and faces jail time following the discovery of the Class A drugs.

Daily Record

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North Sea oil and gas workers vote to strike amid bumper profits

Series of actions planned this spring as union members call for more pay since firms are ‘raking it’

The Guardian - UK

Scotland’s first Energy Incubator and Scale Up Hub wins support from BP and Scottish Enterprise

ETZ says £6.5m complex will support supply chain and deliver a ‘cutting-edge innovation ecosystem’

Insider UK

Saving Time by Jenny Odell review – clocking off

The artist and writer offers a powerful critique of the way we conceive of time in the modern, industrial world, and explores alternatives

The Guardian - UK

BHP launches renewable diesel trial, raising concerns over biofuel in net zero transition

Mining giant BHP has launched a "renewable diesel" trial to reduce carbon emissions at a Pilbara iron ore mine, but an environmental engineer says the company may be better off with the real thing.

ABC News

Oil giant BP slammed for handing fatcat boss £10million pay and perks bonanza

BP CEO Bernard Looney's £10million pay and perks bonanza is a 'kick the teeth' for struggling Brits, a campaigner has said - the oil giant is among those to have benefitted from a surge in wholesale energy prices in the wake of Russia ’s invasion of Ukraine

Daily Mirror

BP North Sea installations to be hit by strikes until June, union says

Offshore workers are to hold a series of strikes that will hit BP North Sea installations starting this month and running until June, the Unite union announced on Friday.

Evening Standard

BP boss earns 172 times more than average employee as his pay doubles

Bernard Looney’s total pay packet increased from around £4.5m to about £10m

Wales Online

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The Independent UK

BP CEO pay doubles to $12M as high energy costs surge profit

Total pay for BP’s CEO more than doubled to $12 million last year

The Guardian - UK

Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

The Guardian - UK

Shell’s van Beurden gets lucky. Harbour Energy doesn’t

Former CEO did handsomely on the back of high oil and gas prices while the windfall levy hits the small players harder

The Independent UK

‘Outrageous’ Shell bonus triggers call for higher windfall tax – but UK firms take hit from levy

‘The money being made out of Putin’s war should be helping struggling families’

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news in one place.

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The Guardian - UK

Fossil fuels received £20bn more UK support than renewables since 2015

Exclusive: One-fifth of money given directly to fossil fuel industry was to support new extraction and mining

Salon

Neoliberalism will get us all killed

What is safety under neoliberalism? From East Palestine, Ohio to Turkey, we get a devastating answer

Axios

John Kerry says U.S.-China climate talks have stalled

He tells Axios the talks have been hurt by tensions between the world's two largest greenhouse gas emitters.

Daily Mirror

Fury at BP oil boss's £10million bonus while Brits struggle with sky-high bills

BP chief executive Bernard Looney could be in line for a fat paypacket but the End Fuel Poverty Coalition slammed the 'champagne lifestyle for energy bosses' while struggling Brits suffer in 'cold, damp homes'

Daily Mirror

Mum fined £100 after being stuck in 25 min queue for carwash at garage forecourt

Natalie Carby queued for around 25 minutes for her turn at the £9 car wash in Rickmansworth, Watford before heading home but 12 days later the fine landed on her doormat

The Conversation

Oil and gas companies are seen as climate villains. Truth is, we'll need their expertise to make green hydrogen a reality

Think about oil and gas companies and climate change and chances are you’ll think dark thoughts. It’s true Exxon Mobil had remarkably detailed knowledge of global warming in the 1970s. Some seeded doubt by funding climate denier organisations and scientists and invented greenwashing. The current energy crisis has handed them…

The Guardian - US

Fossil fuel companies donated $700m to US universities over 10 years

Funding at 27 universities can shift not just research agendas, but also policy in the direction the industry prefers, report says

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