WTI crude oil prices experienced significant selling pressure following the U.S. announcement of sweeping tariffs, as traders ...

In the strategy reset at the end of February, BP said it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 ...

Forbes contributors publish independent expert analyses and insights. Ian writes on fossil energies, climate, and transition to renewables.

Russia continues its Black Sea clean-up operation in the Kerch Strait, after last December’s oil spill from two storm-stricken Russian tankers, according to Russian authorities. Russia is ...

In today’s edition of Daily on Energy, oil and gas are leading the news as Callie and Maydeen take a look at Shell’s record deliveries of liquefied natural gas to tankers, a new assessment on ...

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...

LONDON, March 13 (Reuters) - BP (BP.L), opens new tab plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters. BP is already working on ...

The decision aligns with BP’s recent strategy reset, which involves increasing investment in oil and gas while scaling back spending on renewables. The final investment decision (FID ...

Russia’s “shadow fleet” of aging oil tankers helps fund the ongoing war but puts the region at risk of more environmental disasters. Russia’s “shadow fleet” of aging oil tankers helps fund the ongoing ...

In an interview with Dan Yergin, chairman of CERAWeek and vice chairman of S&P Global, Auchincloss explained the rationale for bp’s renewed focus on increasing oil and gas production, disciplined ...