More News and Commentary

BP Unit Links Solar and Storage in Western U.S. Projects

Greentech Media: The BP-backed solar developer Lightsource sees a very compelling case for deploying energy storage in the Western U.S. All major utility-scale solar developers have added storage development talent, and some have begun regularly bidding on combined projects. But few have actually won bids for, much less constructed, hybrid plants. That makes it hard […]

May 8, 2018 Read More →

BP Commits to Zero Net Emissions Growth

Houston Chronicle: BP said Monday that it will hold greenhouse gas emissions from its operations at or below its 2015 levels in the years ahead as the world’s biggest oil companies prepare for a lower carbon future that could threaten their businesses. The British oil major released an “Advancing the Energy Transition” report that detailed […]

April 17, 2018 Read More →

Warning on Shareholder Blowback Around BP’s and Glencore’s Bullish Assertions

Financial Times: BP and Glencore are exposed to investor lawsuits by making “bullish” forecasts about the world’s future hunger for fossil fuels, a prominent environmental law firm has warned. In a sign of the rising financial pressure environmental campaigners are applying to big energy companies, ClientEarth, a London legal firm, has written to BP claiming […]

May 22, 2017 Read More →

Oil Industry Begins to Acknowledge Peak Oil

Sarah Kent and Brian Spegele for the Wall Street Journal: This month, European oil company MOL Group delivered a stark message to investors: Demand for fuel in its key markets is bound to fall. So-called peak oil demand is a mind-bending scenario that global producers such as Royal Dutch Shell PLC and state-owned Saudi Aramco […]

November 28, 2016 Read More →

‘Oil Companies Incensed by the Idea That They May Be the Next Lehman Brothers’

From The Economist: Oil companies have been incensed by the idea that they may be the next Lehman Brothers. Ben van Beurden, chief executive of Royal Dutch Shell, talks of financial regulators trying to “weaponise financial markets against oil and gas”. Patrick Pouyanné, the boss of Total, has urged Mr Carney to “take care of […]

November 28, 2016 Read More →

On the Blogs: ‘Is the Era of Oil Mega Projects Over?’

Irina Slav for oilprice.com: BP said earlier this year that its capex for 2016 would come in at less than the US$17 billion it had initially planned for the year. Shell boasted a 20-percent cut in its capex for 2015 from 2014, to US$29 billion. Exxon in March said it would be reducing its capital […]

October 31, 2016 Read More →