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The Latest Breaking News from British Petroleum

BP And Equinor Scrap Plans For Empire Wind II Project In New York

A 1.3 GW offshore wind project has been cancelled by its developers, dealing a blow to Biden's wind energy targets.

International Business Times

Shipping giant Maersk's stock buoyed by halt of Red Sea journeys following Houthi rebel attacks

Global shipping leaders and oil giant BP have decided to hit pause on Red Sea transit until it becomes safer—but costs could increase as a result.

Fortune

The destinations we’re most excited about visiting in 2024

From cities flexing their cultural muscles to rugged regions begging to be explored on foot, these are the places The Independent’s travel team can’t wait to uncover this year

The Independent UK

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UK University Students Initiate 'Career Boycott' in Protest Against Barclay's Climate Policies

More than 220 students from Barclays' top recruitment universities won't work for Barclays unless they terminate all financing for oil and gas companies.

International Business Times UK

The 20 greatest bass solos of all time – from the fastest ‘lead bass guitarist’ to the only bass solo James Jamerson ever recorded

We count down moments of bass guitar genius from Tal Wilkenfeld, Flea, Victor Wooten, John Myung and many more

Guitar World

First Thing: hundreds escape plane in Tokyo that collided with earthquake relief flight

Five people on coastguard aircraft missing after collision with Japan Airlines plane. Plus, Israel’s supreme court rejects Netanyahu’s judicial overhaul law

The Guardian - UK

Big five oil companies to reward shareholders with record payouts

BP, Shell, Chevron, ExxonMobil and TotalEnergies to distribute more than $100bn despite public outrage

The Guardian - UK

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The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

Evening Standard

UK dealmaking shrinks in 2023, but economy predicted to ‘turn corner’ in 2024 – as it happened

PwC predicts inflation will fall near ‘normal levels’ in 2024, but corporate insolvencies are forecast to jump

The Guardian - UK

UK students launch Barclays ‘career boycott’ over bank’s climate policies

Campaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels

The Guardian - UK

Culture clash: when the British Museum accepts funding from oil firms

Letters: Readers respond to an article by Charlotte Higgins about the management of the institution and sponsorship by BP

The Guardian - UK

Lord Cameron warns of Iran’s ‘malign influence’ and global threat

The former prime minister described Hamas, the Houthis and Hezbollah as ‘proxies’ for Iran and said they are contributing to an ‘extremely high’ level of ‘danger and insecurity’ around the world

The Independent UK

British Museum signs new £50m BP deal to fund major renovation plans

Environmental campaigners have urged the museum to end its sponsorship deal with BP over the years

Evening Standard

Oil Prices Rebound After Houthi Attacks In Red Sea; BP, Equinor Pause Shipping Through Suez

Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.

International Business Times

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The Conversation

How Red Sea attacks on cargo ships could disrupt deliveries and push up prices – a logistics expert explains

Attacks on international cargo ships in the Red Sea from Houthi-controlled Yemen have seen several cargo vessels hit by missiles and drones in recent days.

International Business Times

Equinor-BP's New York Offshore Wind Project Marks Turning Point For US Offshore Wind In 2024

With inflation cooling and the election approaching, the U.S. wind industry may face a limited window of opportunity in 2024.

The Guardian - UK

US announces naval coalition to defend Red Sea shipping from Houthi attacks

Egypt and Saudi Arabia notably absent from Operation Prosperity Guardian as more shipping companies forgo route

The Independent UK

British Museum to receive £50m in funding from oil giant BP

BP will donate £50m to help with the renovation of the museum as climate groups slammed decision

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Guitar World

“The smallest element can be the basis of a cool riff. That’s pretty much how I wrote Sweet Emotion”: Tom Hamilton reveals the inspiration behind one of the most iconic bass riffs in rock

How Sweet Emotion, from Aerosmith’s Toys in the Attic, was inspired by Jeff Beck’s Rough and Ready

The Guardian - UK

British Museum’s BP sponsorship deal ‘astonishingly out of touch’

Campaigners criticise £50m tie-up with fossil fuel firm to help fund ‘masterplan’ redevelopment project

Evening Standard

British Museum signs £50million BP deal to fund redevelopment

The funding will allow the museum to remain open during the redevelopment work

The Guardian - US

US launches Red Sea protection force after Houthi attacks – as it happened

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Al Jazeera

US announces 10-nation force to counter Houthi attacks in Red Sea

US Defense Secretary Lloyd Austin says coalition will include Bahrain, Canada, France, Italy, UK and other countries.

The Guardian - AU

Red Sea crisis explained: what is happening and what does it mean for global trade?

Attacks from the Houthis on shipping vessels have increased in response to the war in Gaza, with BP halting all shipments of oil and gas through the region

Top News

BP Suspends Red Sea Operations Amid Houthi Attacks on Ships

The rising Houthi attacks disrupt Red Sea shipping operations causing concerns about potentially higher oil and gas prices amidst the holiday season.

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