bbc_business
📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will
cnbc_topnews
📰 source: cnbc_topnews · 💼 business virginia gov. abigail spanberger will intervene in nextera's $67 billion purchase of dominion energy, the first time a governor has stepped into such a case before the state corporation commission. the florida-based nextera agreed in may to buy dominion, creating the world's
cnbc_topnews
📰 source: cnbc_topnews · 💼 business gas prices aren't falling much even as crude oil drops, because refineries are offline. the wars in europe and the middle east have taken out refining capacity, creating a "disconnect between crude and pump prices," said exxon ceo darren woods. drivers pay
cnbc_topnews
📰 source: cnbc_topnews · 💼 business ukraine's military struck two russian oil refineries on thursday, including one of russia's biggest. president zelenskyy confirmed the hits on the bashneft-novoil refinery in bashkortostan and the slavneft-yanos refinery in the yaroslavl region, calling them long-range sanctions that limit russia's
bbc_business
📰 source: bbc_business · 💼 business the owner of iconic nottingham bike maker raleigh has started insolvency proceedings. accell, the dutch company that bought raleigh for $100m in 2012, said wednesday it had "exhausted all the available options" and was "no longer able to meet its financial obligations"
cnbc_topnews
📰 source: cnbc_topnews · 💼 business spacex spent $295 million on tesla megapacks in q2, bringing its first-half total to $329 million, according to financial filings. the battery storage systems are being installed at spacexai's colossus data centers near memphis to help power ai workloads. megapacks store energy from sources
cnbc_topnews
📰 source: cnbc_topnews · 💼 business europe's extreme drought is forcing desperate measures. romania shut down its sole working nuclear reactor, cooled by the danube, for the first time. the navy blew up rocks in underwater detonations to divert water to the cernavoda plant. low water also threatens hungary'
theguardian_business
📰 source: theguardian_business · 💼 business bp's new boss meg o'neill is pruning the portfolio without sentiment. the 60-year-old north sea oil and gas business is up for sale, and now the us biogas firm archaea is on the block less than four years after bp bought it
theguardian_business
📰 source: theguardian_business · 💼 business eight of the world's biggest oil companies made $93bn in profits in the second quarter, nearly double the same period last year, as the war on iran pushed prices above $126 a barrel. the windfall has reignited calls for supermajors like saudi aramco and
bbc_business
📰 source: bbc_business · 💼 business bp reported a $5.73bn quarterly profit for april-june, the highest since 2022 and more than double the $2.35bn a year earlier. the surge came as the iran war pushed up oil prices, with brent crude averaging $103.85 a barrel versus $67.88 last
theguardian_business
📰 source: theguardian_business · 💼 business oil companies are raking in windfall profits as the middle east war pushes energy prices higher. bp's second-quarter profit more than doubled to $5.73bn, beating analyst expectations. saudi aramco reported a 44% jump in net profit to $32.69bn. the surge is drawing
theguardian_business
📰 source: theguardian_business · 💼 business bp's quarterly profits more than doubled to $5.73bn (£4.27bn) in the three months to end of june, up $2.5bn from the prior quarter, as the middle east crisis disrupted energy exports from the gulf. new ceo meg o'neill said