IF Insights: Oil giants see Iran war windfall, bill lands somewhere else
Exxon, Chevron, Shell, BP and TotalEnergies earned close to USD 47 billion in the Q2 2026. Almost none of it came from doing anything new....
Tag : BP
BP divestment: Kuwait-backed consortium in race to acquire energy giant’s solar unit
Private equity firm Qualitas Energy and Wren House, the infrastructure arm of Kuwait Investment Authority, have teamed up to acquire Lightsource...
Business leader of the Week: Albert Manifold’s ouster and BP’s never-ending boardroom instability
Despite having the backing of activist hedge fund Elliott, Manifold's alleged aggression against colleagues forced BP board to remove him...
Petrobras to hire new FPSO for the Buzios field, starts bidding process
The P-80 will be the largest oil production unit operating in Brazil...
Brazil’s oil production falls 6% in Q1: Report
Brazil produced an average of about 2.8 mn bpd during the period...
Petrobras acquires BP’s stake in six offshore blocks in Foz do Amazonas Basin
BP transferred its 30% stake in Petrobras...
BP agrees to sell 20% stake in Oman’s Block 61 for $2.6 bn
The stakes will be sold to Thailand’s PTT Exploration and Production...
Petronas mulls exiting Gharraf oilfield in Iraq: CEO
The oil giant operates the Gharraf oilfield with a 45 percent stake...
Exxon points to a historic shift in the oil industry
Exxon’s declining presence and rise of NextEra Energy has raised questions for investors about their investment strategies...
BP announces new climate strategy, stock prices crash to a 25 year low
It announced its plans to turn from a oil and gas company to an integrated energy company...