Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, ...

BP is set to announce it will abandon its plans to reduce oil and gas production, bowing to investor pressure and a shift in strategic focus.

Good afternoon and Happy Monday, readers! In today’s edition of Daily on Energy, Callie and Maydeen kick off the week by ...

Murray Auchincloss will announce BP is switching its focus back to fossil fuels amid mounting pressure from investors over ...

BP CEO Murray Auchincloss plans to tell investors the company will withdraw from its renewable generation target.

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity ...

-- Oil-and-gas company BP will refocus on fossil fuels and scrap a target to raise renewable generation capacity 20-fold by 2030, Reuters reports citing unnamed sources. -- The change in direction is ...

The European stock markets closed mixed in Monday trading as The Stoxx Europe 600 was off 0.1%, Germany's DAX was up 0.6%, the FTSE 100 in London was flat, France's CAC 40 declined 0.78%, and the ...

Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in ...

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...

BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...

BP's CEO has made a significant strategic shift, opting to refocus on fossil fuels and move away from the previous target of ...