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The Latest Breaking News from British Petroleum

Miliband only met with fossil fuel giants ahead of controversial emissions plan

Some scientists say carbon capture and storage can be used to decarbonise industries that would take years to clean up – but campaigners say it just prolongs the oil and gas industry

The Independent UK

What the papers say – January 17

Here are the stories leading Friday’s newspapers.

Evening Standard

BP To Cut 5% Of Workforce In Cost-Cutting Drive

BP to reduce workforce by 5%, cutting 4,700 jobs and 3,000 contractor roles to enhance competitiveness and reduce costs.

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BP cutting 4,700 jobs worldwide as part of cost-saving drive

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

Fears for Scottish jobs as BP to slash global workforce numbers

BP HAS said it will cut 4700 jobs across its global workforce and 3000 contractor roles as part of a cost-saving drive, prompting concerns for…

The National (Scotland)

BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn

Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy

The Guardian - UK

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BP to axe 4,700 jobs globally amid cost-cutting drive

The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.

Evening Standard

BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive

The energy firm is aiming to save two billion US dollars across two years

The Independent UK

A national, nonpartisan study of the Los Angeles fires could improve planning for future disasters

The Los Angeles fires are a national disaster of epic proportions. City officials, California Gov. Gavin Newsom and President-elect Donald Trump have traded accusations about what caused this crisis. But as an engineering professor who lives in Los Angeles and has studied extreme events and natural and human-caused disasters for…

The Conversation

BP Nears Deals For Oil Fields, Curbs On Gas Flaring In Iraq

Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.

International Business Times

BP reveals boss recovering after medical procedure as it signals weaker trading

Chief executive Murray Auchincloss is ‘recovering well’ and will be back in the office by February, the group said.

Evening Standard

BP delays investor event as boss Murray Auchincloss recovers after medical procedure

BP boss Murray Auchincloss is ‘recovering well’ and will be back in the office by February

The Independent UK

Dozens of cars taken off road after ‘filling up with contaminated fuel’ at BP garage

Local fuel draining service called by over 40 affected drivers

The Independent UK

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The Guardian - UK

It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

Evening Standard

US investor to snap up maritime AI specialist Windward for £216m

The company, which is chaired by former BP boss Lord John Browne, is to be bought by a fund linked to FTV Capital.

The National (Scotland)

BP faces legal action for supplying oil to Israel amid genocide allegations

PALESTINIAN victims have issued a claim against the energy giant BP, alleging its complicity in supplying oil to Israel amid ongoing claims of the…

The Guardian - UK

Gaza war victims take legal action against BP over oil supply to Israel

Palestinians accuse UK firm of breaching human rights laws by piping oil allegedly used by Israeli army

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Barchart

This Energy Dividend Aristocrat Is a Top 2025 Pick: Time to Buy?

Chevron is a dividend aristocrat with a yield of 4.4%. While the stock has underperformed in 2024, Bank of America listed it as a top pick for 2025.

Barchart

Will Trump Tariffs Kill This High-Yield Dividend Stock in 2025?

With Donald Trump's return to the White House, Enbridge is navigating potential tariffs on Canadian energy imports, which could impact its profitability.

Evening Standard

BP and Equinor to build major carbon capture projects in North East

The projects could bring 2,000 jobs to Teesside.

Benzinga

BP, JERA Commit $5.8 Billion To Create Global Offshore Wind Giant

BP shares are trading higher premarket on Monday. The company and JERA Co., Inc. agreed to merge their offshore wind businesses.

The Guardian - UK

BP shifts offshore wind to joint venture amid retreat from renewables

Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets

The National (Scotland)

John Swinney appoints three new ministerial code advisers

JOHN Swinney has appointed three new independent advisers to the Scottish Ministerial Code, with two stepping down after a decade in their roles ...

TechRadar

The EV charging nightmare could soon be over –universal Plug-and-Charge protocol due for US rollout in 2025

The rollout of a new protocol in the US should finally help simplify the EV charging experience.

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