BP Jul 2024 35.000 call
- Zacks
TotalEnergies (TTE) to Sell West of Shetland Assets to Prax Group
TotalEnergies (TTE) inks a deal to sell its entire interest in West of Shetland assets. This move is in line with TTE's strategy to actively manage its portfolio by monetizing mature assets.
- Reuters
BP halts hiring, slows renewables roll-out to win over investors
BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss to slow down investments in big budget, low-carbon projects, particularly in offshore wind, that are not expected to generate cash for years, said several sources at BP who declined to be named. They mark a stark reversal from the direction the CEO's predecessor Bernard Looney took to rapidly move away from fossil fuels.
- Zacks
Oil & Gas Stock Roundup: BP and Shell Take Center Stage
BP, SHEL, XOM, LNG and OII emerge as the energy headline makers during the week.
