Laura Hurst retweeted
Some Exxon Mobil trading staff protested outside the oil giant’s Brussels office over a decision to move the trading floor to London, which they say will result in job cuts if they don’t agree to the new assignments bloomberg.com/news/articles/… w/ @lc_hurst
Laura Hurst retweeted
BP’s battle with retired employees over the impact of inflation on their pensions drew the attention of Westminster this week, an escalation in the long-running dispute linked to the UK’s cost of living crisis trib.al/4zailVD
Laura Hurst retweeted
READ: BP names Murray Auchincloss CEO, four months after Looney shock resignation
*He favored clean energy & plan to keep oil/gas output flat for rest of decade -- triggering mixed reception from investors as BP shares lagged rivals
bloomberg.com/news/articles/… @markets @lc_hurst
Laura Hurst retweeted
Shell's huge gas-trading business is set to bolster earnings again, but it's not an entirely rosy picture, writes @lc_hurst trib.al/S97E8m7
Exxon is catching up with competitors and will start paying cash bonuses to traders from the end of next year as it looks to expand trading ops. With @Devikakrishnak @JWittels
@CrowleyKev
bloomberg.com/news/articles/…
Laura Hurst retweeted
@ADNOCGroup is exploring a potential acquisition of Wintershall Dea, the European energy explorer backed by @BASF bloomberg.com/news/articles/… @BloombergDeals @DNair5 @eyk_henning @lc_hurst + Vinicy Chan @BloombergDeals
Laura Hurst retweeted
The amount of money spent on dismantling aging North Sea oil and gas infrastructure could overtake capital expenditure by 2040, according to the sector’s leading UK trade group bloomberg.com/news/articles/… via @lc_hurst
Shell paid net corporate income tax in the UK for the first time in last year since at least 2018 after the government introduced an oil and gas windfall tax.
bloomberg.com/news/articles/…
BP head of gas and low carbon says US offshore wind "fundamentally broken" but says issues can still be fixed:
bloomberg.com/news/articles/…
BP interim boss Murray Auchincloss is going into quarterly results next week for the first time since Bernard Looney's abrupt resignation last month
bloomberg.com/news/articles/…
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their deal-making US peers remains stubbornly wide. With @CrowleyKev bloomberg.com/news/articles/…
Another week, another oil megadeal. Chevron agrees to buy Hess for $53 billion: bloomberg.com/news/articles/… via @markets
Only 2 weeks after Bernard Looney's shock departure, BP has lost another exec - David Lawler president of BP America and CEO of BPX has stepped down to pursue new opportunities:
bloomberg.com/news/articles/…
Only two weeks after Bernard Looney's abrupt departure from BP, the company has lost another high-profile employee - David Lawler, president and chairman of BP Americas and head of its US shale business BPX Energy.
Ithaca Energy is awaiting the outcome of a fiscal review in the UK before committing to the development of the controversial Cambo oil field in the North Sea, chairman says bloomberg.com/news/articles/…
The UK’s controversial Rosebank oil and gas field has received the go-ahead, despite objections from climate groups and pressure on the government to block the development bloomberg.com/news/articles/…
The government says that Rosebank will boost domestic energy security. But what will it really mean in practical terms?
bloomberg.com/news/articles/…
Laura Hurst retweeted
British energy major Shell is cancelling its traditional "media briefing" that allowed journalists to ask on-the-record questions to its CEO/CFO each quarter.
Shell blames logistical issues.
Media access provides transparency, and that benefits shareholders and society. #OOTT