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Petroleum giants to shed jobs amid oil price collapse

... s, Shell, BP Plc, France’s Total SA and Eni SpA of Italy have all outlined plans to deepen spending cuts that began earlier this year when oil prices reached lows below US$50 a barrel, down from highs ...More

EJ Insight2015-07-31

BP in US$18.7 bln settlement over Gulf of Mexico oil spill

BP Plc said on Thursday that it will pay up to US$18.7 billion to settle US federal and state claims over the 2010 Gulf of Mexico oil spill. Under a deal with the US Department of Justice and five sta ...More

EJ Insight2015-07-03

The world needs a Project Apollo to tackle global warming

... t, former BP chief executive John Browne and several other co-authors in a call for a Global Apollo Program. Until now, the diplomatic effort to prevent dangerous climate change has focused on coordin ...More

EJ Insight2015-06-29

China edges past US as top importer of crude oil

... ls a day (bpd) in April, putting it ahead of the United States' estimated imports of 7.2 million bpd for the month, according to Reuters data. While China may drop back to second place in some months ...More

EJ Insight2015-05-11

Ex-BP chief to chair Huawei's UK board

Huawei has recruited former BP chief executive Lord John Browne to head a UK board of directors that will oversee British operations of the Chinese telecom equipment giant, Financial Times reported. L ...More

EJ Insight2015-02-16

Energy groups brace for spending cuts

... l, Total, BP and ConocoPhillips — have dropped between 4 and 24 per cent since crude plunged from its highs in mid-June last year abover US$115 a barrel. Apart from Shell, they are expected to report ...More

EJ Insight2015-01-26

Low oil prices could hold back renewable energy: PBOC chief

... eanwhile, BP boss Bob Dudley said oil prices could remain low for up to three years. He told BBC News the oil giant was planning for low oil prices for years to come. That is expected to lead to job l ...More

EJ Insight2015-01-22

China, Britain ink US$23.7 bln deals during Li's UK trip

... oil giant BP Plc for liquefied natural gas (LNG) supply. Under the agreement, BP will supply up to 1.5 million tons per annum of LNG from its global portfolio to CNOOC over 20 years starting in 2019, ...More

EJ Insight2014-06-18

US said to seek more than US$10 bln penalty from BNP

... eclipsing BP Plc’s US$4 billion deal with the Justice Department last year, it said. A final deal could, however, be weeks away, according to the source. The French government hasn’t been involved in ...More

EJ Insight2014-05-30

Offshore RMB market to grow 20% in 2014, DBS says

... gas group BP Plc sold a five-year renminbi bond of 1.2 billion yuan (US$195.8 million) at an annual yield of 3.95 percent. Offshore renminbi bond issuance has amounted to 203 billion yuan (US$33.1 bil ...More

EJ Insight2013-10-09

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