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The Latest Breaking News from British Petroleum

EVERY UK household to receive £400 discount on energy bills

It comes as the energy price cap rockets to £2,800 in April

Manchester Evening News

Sunak’s package fails to tackle the true cause of UK inflation: shameless profiteering

The fact is, the price cap on energy bills is still going up – and this is a political choice, says James Meadway of the Progressive Economy Forum

The Guardian - UK

Windfall tax: What is it and why is one set to happen now?

CHANCELLOR Rishi Sunak is expected to cave into pressure and impose a windfall tax on the soaring profits of oil and gas companies.

The National (Scotland)

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UK households to get extra £200 to help towards energy bills as government announces new support

Rishi Sunak is expected to announce extra support for people grappling with the soaring cost of living on Thursday

Wales Online

£10 billion of energy bill support expected to be announced

Reports suggest Rishi Sunak could announce extra help as early as tomorrow (Thursday)

Wales Online

Cost of living crisis: Majority of UK public supports windfall tax, poll shows

Exclusive: New polling shared with The Independent finds that more than 60 per cent of the public support one-off levy

The Independent UK

What is a windfall tax and how would it work? Windfall tax explained as energy companies announce huge profits and bills soar

There are increasing calls for a one-off tax on massive firms such as BP and Shell to tackle the cost of living crisis

Wales Online

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United Arab Emirates investors back bp's Teesside hydrogen project

ADNOC has acquired 25% of H2Teesside project which bp says will progress it to the next stage of design, while Masdar has signalled it will acquire a stake in HyGreen Teesside

Birmingham Post

What is a windfall tax? How it works as energy giants announce record profits

The Tory government reluctantly introduced a windfall tax on ballooning oil and gas profits, but critics say it should be tightened to produce more help for struggling families

Daily Mirror

UAE's ADNOC, BP and Masdar Forge Energy Partnership

The Abu Dhabi National Oil Company (ADNOC), oil major BP and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs. Announcing their new-energy partnerships, ADNOC said the H2Teesside low-carbon hydrogen project with BP had moved into the design phase. Other partnerships include a…

Asharq Al-Awsat

E.On energy boss says 'prices are too high' as PM comes under growing pressure to help

One of the UK’s biggest energy suppliers has warned that up to 40% of its customers will be in fuel poverty by October unless the Government steps in

Daily Mirror

New Greggs or Costa plan binned for Ayrshire BP petrol station

Five new car park spaces would've been created too.

Daily Record

Unauthorised billboards slamming oil firms appear across Aberdeen

CAMPAIGNERS have “hijacked” a series of corporate advertisement spaces in Aberdeen with posters taking aim at oil companies for “exploiting…

The National (Scotland)

Windfall tax would hit renewables investment, National Grid boss says

John Pettigrew claimed a levy on oil and gas companies could derail efforts to meet climate crisis targets

The Guardian - UK

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Bristol Post

PMQs: Sir Keir Starmer jokes Jacob Rees-Mogg is an 'overgrown prefect'

The North East Somerset MP was the butt of Starmer's jokes as he argues for a windfall tax on oil and gas giants

The Independent UK

Labour seeks to increase pressure on Tory MPs with windfall tax Commons vote

BP and Shell reported bumper profits earlier this year as energy prices skyrocketed.

Benzinga

Analyzing BP's Short Interest

BP's (NYSE:BP) short percent of float has fallen 57.38% since its last report. The company recently reported that it has 8.45 million shares sold short, which is 0.26% of all regular shares that are available for trading.

Birmingham Post

East Coast Cluster carbon storage licence success is another step towards Net Zero ambition

Combined Humber and Teesside project is sanctioned by North Sea Transition Authority

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The Guardian - UK

Saudi oil giant Aramco reports 82% rise in quarterly profits

Investors to get $4bn in bonus shares after record earnings of $39.5bn on higher demand and crude prices

The Guardian - UK

The Observer view on the urgent need for a windfall tax on the energy giants

Even bosses of Britain’s oil and gas companies admit they hardly know what to do with record-breaking profits

Reason

Text and History for Thee but Not for Me?

The Court makes other people follow the text and history, but at least when it comes to certiorari, the justices lose their religion.

The Guardian - UK

Looney’s tune on windfall taxes is unpersuasive

The BP chief executive calls the proposed levy ‘unpredictable’ but it is also thoroughly affordable

The Guardian - UK

Energy prices: what is a windfall tax and how would it work?

All you need to know about a possible one-off levy on North Sea energy profits

The Guardian - UK

‘Greed and fear’: How BP and Shell oil profit is boosted by own traders

Analysis: Turmoil resulting from pandemic and Ukraine war create ideal conditions for speculators

The Guardian - UK

Boris Johnson says windfall tax ‘not the right thing’ but refuses to rule out U-turn

The prime minister claimed ‘these kinds of taxes’ deterred investment, contrary to BP boss saying it would not

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