This summer, millions of people have felt the dire consequences of climate change while facing extreme, record-breaking heat. And the Big Oil companies fueling those heat waves are seeing their profits soar, a new analysis finds.
Dragon Oil, Carlyle Group , Energean and Artemis Energy are among the groups expected to bid this week for assets in BP's West Nile Delta natural gas development off Egypt, three sources familiar with the sale process said.
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led a broad decline among London-listed oil producers on Monday as crude prices retreated sharply from last week's highs.
BP is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund, the Financial Times reported on Friday, citing people familiar with the matter.
UBS reiterated its Buy rating on BP PLC (LSE:BP.) with a 675p price target, implying 29% upside from 522p, after valuing the group's US shale business at $24.5 billion, or 117p per share.
Egypt is in talks with energy majors including Shell , TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas per month for at least three years, three trading and industry sources familiar with the matter told Reuters.
The energy company agreed to sell its Austrian petrol station and EV charging businesses to Volenergy for an undisclosed sum, as it continues to exit the retail space.