Local content to drive BP and EnBW s ScotWind bid
Prospective bidders in Scotland’s first offshore wind leasing round in more than a decade look to local supply chain companies
by Nadia Weekes
Earlier this year, BP and EnBW secured seabed rights to sites capable of supporting 3GW off the UK
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2. Votes Withheld are not counted in the calculation of the proportion of votes For or Against a resolution. 4. In accordance with Listing Rule 9.6.2, copies of the resolutions passed, other than resolutions constituting ordinary business, at the AGM have been submitted to the National Storage Mechanism ( NSM ) and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism In addition, and in accordance with Listing Rule 9.2.6E, a copy of the Company s new Articles of Association, which set out the principal rights and restrictions attached to its ordinary shares, has also been submitted to the NSM.
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Buoyed by higher oil prices, BP made $4.7 billion in profit in the first quarter, up from $1.4 billion in profit in the fourth quarter of last year.
The London-based energy giant, which runs the BP Whiting Refinery along the Lake Michigan shoreline, has posted a loss of $4.7 billion the previous year.
BP pulled in $2.6 billion in underlying replacement cost profit in the first quarter, up from $0.1 billion the previous quarter. The company attributed its better-than-expected quarter to higher oil prices, bigger refining margins and exceptional gas marketing and trading performance. This quarter demonstrates what we mean by performing while transforming. With the acceleration of divestment proceeds, together with strong business performance and the recovery in the price environment, we generated strong cash flow and delivered on our net debt target around a year early, CEO Bernard Looney said. We are commencing share buybacks in the second quarter which, alongside our resil
Global competition for offshore wind power is so hot that license auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar also as global oil majors move aggressively into renewable energy. The drive among top fossil fuel producers to…
High stakes at sea in global rush for wind power thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.