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The Latest Breaking News from British Petroleum

NEW DELHI: Jio-bp -- the fuel and mobility joint venture between Reliance Industries Ltd and supermajor bp -- on Wednesday said it will provide battery swapping facility to Electric Vehicles (EVs) of food delivery app Zomato.

The Times of India

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

BP Purchases 40% Stake In Green Hydrogen Project In Australia

BP plc (NYSE:BP) is acquiring the largest stake in a vast solar, wind, and green hydrogen project in Western Australia that will cost more than $30 billion to develop, reported Financial Times. The energy company stated that it has agreed to buy 40.5% of the Asian Renewable Energy Hub, which it will…

Benzinga

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Global fossil fuel giant BP buys 40% of US$30bn Pilbara renewable energy project

The company also plans to operate the Asian Renewable Energy Hub, which aims to generate up to 26GW of wind and solar energy

The Guardian - AU

Looking Into BP's Recent Short Interest

BP's (NYSE:BP) short percent of float has risen 38.89% since its last report. The company recently reported that it has 8.02 million shares sold short, which is 0.25% of all regular shares that are available for trading.

Benzinga

What businesses are doing to support Ukraine

Firms like Caerphilly-based AefFin are providing much need support to the Ukraine following Russia's invasion

Birmingham Post

Cheapest petrol stations in Scots cities as prices see biggest jump in 17 years

On Tuesday, it was reported that the price of petrol had seen jumped by 2p a litre - making it the biggest daily jump in 17 years.

Daily Record

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Check Out What Whales Are Doing With BP

Someone with a lot of money to spend has taken a bullish stance on BP (NYSE:BP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Sunak’s tax breaks could lead to more than £8bn of North Sea energy projects

Analysts’ forecast comes as campaigners warn windfall tax package could harm climate efforts

The Guardian - UK

Bounce ties up with Bharat Petroleum to set-up battery swapping stations

Bounce Infinity ties up with has tied up with Bharat Petroleum to establish 3,000 battery swapping s

The Hindu

Europe shows ‘laissez-faire’ economics is not the answer to the cost of living crisis

WHEN it comes to the cost of living crisis, UK Chancellor Rishi Sunak likes to paint a picture of himself as helpless in the face of forces beyond…

The National (Scotland)

April Fuel's Day: Explaining Scotland's energy price rises

APRIL 1 is typically a day for humour, but not many in Scotland were laughing at Ofgem's announcement.

The National (Scotland)

Bilderberg reconvenes in person after two-year pandemic gap

The Washington conference, a high-level council of war, will be headlined by Jens Stoltenberg, Nato’s secretary general

The Guardian - US

mPhase Lists Initial EV Charging Locations In Florida Amid Intensifying EV Rivalry

mPhase Technologies, Inc (OTC: XDSL) completed selecting sites for the first five mPower EV charging locations in the State of Florida. The sites consisted of two gas stations, two supermarkets, and one deli property. The initial locations for the sites were in Fort Myers, Orlando, Palm Bay, Palm Coast, and Scottsmoor. The sites will…

Benzinga

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Insider UK

How to solve the energy transition 'trilemma'?

The war in Ukraine poses questions about how Scotland balances its net zero goals with the energy price crisis

Benzinga

Looking At BP's Recent Whale Trades

Asharq Al-Awsat

Iraq Proposes Clean Energy Investments to BP, Total

Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum company and France’s Total and officials from the French ministries of economy and energy. He proposed new plans to invest in the oil, gas and clean energy sectors, a…

The Guardian - UK

Lord Browne: the man who went from BP and the North Sea to net zero

he former oil chief is now championing green energy as an investor – and also backing a windfall tax on his old industry

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The Independent UK

FTSE rises despite weight of windfall tax on oil companies

The index notched up its best week for more than two months.

The Guardian - UK

Shell says windfall tax threatens North Sea oil and gas investment

Firm says Sunak’s levy creates uncertainty and asks for tax relief that covers investment in renewables

The Guardian - UK

Sunak U-turns on ‘energy profits levy’ in £15bn cost of living package

Chancellor’s measures, including tax on oil and gas companies, criticised as too late and a ‘drop in the ocean’

The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

Manchester Evening News

EVERY UK household to receive £400 discount on energy bills

It comes as the energy price cap rockets to £2,800 in April

The Guardian - UK

Sunak’s package fails to tackle the true cause of UK inflation: shameless profiteering

The fact is, the price cap on energy bills is still going up – and this is a political choice, says James Meadway of the Progressive Economy Forum

The National (Scotland)

Windfall tax: What is it and why is one set to happen now?

CHANCELLOR Rishi Sunak is expected to cave into pressure and impose a windfall tax on the soaring profits of oil and gas companies.

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