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The Latest Breaking News from British Petroleum

Europe shows ‘laissez-faire’ economics is not the answer to the cost of living crisis

WHEN it comes to the cost of living crisis, UK Chancellor Rishi Sunak likes to paint a picture of himself as helpless in the face of forces beyond…

The National (Scotland)

April Fuel's Day: Explaining Scotland's energy price rises

APRIL 1 is typically a day for humour, but not many in Scotland were laughing at Ofgem's announcement.

The National (Scotland)

Bilderberg reconvenes in person after two-year pandemic gap

The Washington conference, a high-level council of war, will be headlined by Jens Stoltenberg, Nato’s secretary general

The Guardian - US

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mPhase Lists Initial EV Charging Locations In Florida Amid Intensifying EV Rivalry

mPhase Technologies, Inc (OTC: XDSL) completed selecting sites for the first five mPower EV charging locations in the State of Florida. The sites consisted of two gas stations, two supermarkets, and one deli property. The initial locations for the sites were in Fort Myers, Orlando, Palm Bay, Palm Coast, and Scottsmoor. The sites will…

Benzinga

How to solve the energy transition 'trilemma'?

The war in Ukraine poses questions about how Scotland balances its net zero goals with the energy price crisis

Insider UK

Looking At BP's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on BP (NYSE:BP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Iraq Proposes Clean Energy Investments to BP, Total

Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum company and France’s Total and officials from the French ministries of economy and energy. He proposed new plans to invest in the oil, gas and clean energy sectors, a…

Asharq Al-Awsat

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Lord Browne: the man who went from BP and the North Sea to net zero

he former oil chief is now championing green energy as an investor – and also backing a windfall tax on his old industry

The Guardian - UK

FTSE rises despite weight of windfall tax on oil companies

The index notched up its best week for more than two months.

The Independent UK

Shell says windfall tax threatens North Sea oil and gas investment

Firm says Sunak’s levy creates uncertainty and asks for tax relief that covers investment in renewables

The Guardian - UK

Sunak U-turns on ‘energy profits levy’ in £15bn cost of living package

Chancellor’s measures, including tax on oil and gas companies, criticised as too late and a ‘drop in the ocean’

The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

The Guardian - UK

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

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The National (Scotland)

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.

Wales Online

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)

The Independent UK

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

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Wales Online

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

Birmingham Post

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

Daily Mirror

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

Asharq Al-Awsat

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…

Daily Mirror

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 Record

New Greggs or Costa plan binned for Ayrshire BP petrol station

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

The National (Scotland)

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…

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