'Improved procedures'Alistair Duncan, head of the Crown Office's health and safety investigation unit, said: "The lack of sufficiently robust procedures could have had a significant environmental impact, had these issues not been addressed. … [Read more...] about BP fined £7,000 over crude oil spill off Shetland
Crude oil price quote
"Some banks are backing away from lending money to the industry, and shareholders are being pressured by activists to stay clear of hydrocarbons," Levkovich said in recent research note. "We have heard clients note that it is too hard to make money in these stocks, and their representation within the [S&P 500] index is small, so why even bother?" … [Read more...] about Does BP’s conversion signal the end of Big Oil?
The results are in line with analysts’ expectations but stand in contrast to the losses reported by its rival energy giants, which are reeling from a drop in oil demand since the start of the novel coronavirus pandemic. … [Read more...] about Saudi Aramco profits dive 73% as coronavirus batters oil demand
According to the Managing Director, Lagos Metropolitan Area Transport Authority, Mr Abiodun Dabiri, government was mindful of the financial difficulties passengers were going through, but it approved the fare increase to save the bus scheme from collapse as the operators’ expenses on fuel had gone up by 71%, oil by 64 % and tyre by 90 %. … [Read more...] about Why foodstuff prices, transport fares, even pay-TV rates are going up
The deal boosts its 7-Eleven store count in the United States and Canada to about 14,000, adding to a portfolio fattened three years ago with a $3.3 billion purchase from Sunoco LP (SUN.N) - furthering its convenience store lead over Canada’s Alimentation Couche-Tard Inc (ATDb.TO). … [Read more...] about Japan’s Seven & i seals $21 billion deal for Marathon Petroleum’s Speedway gas stations