The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants.

BP says its former chief executive has been denied a payout of 32.4 million pounds, or $41 million, after he was found to have misled the company over his past relationships with colleagues.

Global energy giant BP is scurrying to find a new chief executive after CEO Bernard Looney became the latest corporate leader to step down amid questions about his personal conduct.

The chief executive of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues.

The Biden administration has tightened offshore oil drilling safety regulations, including rules regarding the use of “blowout preventer” devices on offshore oil and gas drilling rigs.

Energy giant BP says it earned nearly $2.6 billion in the second quarter.

The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis.

British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off.

A new National Academy of Science study says that 13 years after a massive BP oil spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist.

Total pay for BP’s CEO more than doubled to $12 million last year.

British energy firm BP has reported record annual earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia’s invasion of Ukraine.

BP’s earnings have more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine.

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine.

A subsidiary of London-based oil giant BP agreed to finish its cleanup of a 300-square mile site in Montana that’s contaminated with arsenic and other pollutants from decades of copper smelting.

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine.

A teen who graduated early and was valedictorian of his class was killed at a gas station on North Main Street three years ago. His family is still searching for answers.

German Chancellor Olaf Scholz says his government remains committed to phasing out nuclear power despite concerns about rising energy prices and possible future shortages due to Russia’s war in Ukraine.

Kevin Williamson, 59, is charged with battery and had a bond set for $20,000.

A woman told News4JAX a man used racist language before he attacked her on Monday inside an Arlington gas station.

Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights.

The German government’s panel of independent economic advisers has slashed its 2022 growth forecast for Europe’s biggest economy in light of Russia’s invasion of Ukraine and concern over energy supplies and prices.

Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands to pull out of a country that’s become a global outcast.

Authorities say the restoration of a southwest Louisiana island is proving wildly popular with the many species of birds it was rebuilt for.

The Biden administration is drafting rules to govern the killing of wild birds by industry and will resume enforcement actions against companies responsible for deaths that could have been prevented.

The U.K. is experiencing its fifth day of fuel shortages, with supply hobbled by a shortage of truck drivers.

In a U-turn, Britain says it will issue thousands of emergency visas to foreign truck drivers to help fix supply-chain problems that have caused empty supermarket shelves, long lines at gas stations and shuttered petrol pumps.

The British government is trying to ease concerns of a fuel crisis after oil giants BP and ExxonMobil-owned Esso warned they had to ration supplies and close some gas stations as a result of a truck driver shortage.

Retailers in England are warning of barren supermarket shelves as more and more store employees get “pinged” to self-isolate because of contact with someone who has the coronavirus.

Energy company BP says it will be returning around half a billion dollars to shareholders after “significantly” higher oil prices contributed to a big rise in profits and a reduction in debt levels.

The Biden administration on Monday, March 8, 2021, reversed a policy imposed under former President Donald Trump that drastically weakened the government's power to enforce a century-old law that protects most U.S. bird species. – The Biden administration on Monday reversed a policy imposed under former President Donald Trump that drastically weakened the government's power to enforce a century-old law that protects most U.S. bird species. A federal judge in New York in August struck down the Trump administration's legal rationale for changing how the bird treaty was enforced. The migratory bird policy was among dozens of Trump-era environmental actions Biden ordered reconsidered on his first day in office. The 1918 migratory bird treaty came after many U.S. bird populations had been decimated by hunting and poaching — much of it for feathers for women’s hats.

The previous analysis, in 2007, also estimated that “such a large spill was extremely unlikely,” the lawsuit noted. The chance of such a spill is even higher now, the lawsuit said, because "Gulf drilling is moving into deeper waters, which increases the possibility of a catastrophic well blowout and extremely large oil spill." He predicted the litigation will be lengthy because both the report and suit cover a huge area and many species. It will be largely a battle of experts, he said, but allegations about ignoring large spills are a strength of the suit. The suit said NOAA underestimated the largest spill likely.

Environmental groups have asked a federal court to toss out the government's assessment of oil and gas activity's likely effects on endangered species in the Gulf of Mexico. A lawsuit filed Wednesday, Oct. 21, 2020, says the report doesnt consider the likelihood of another catastrophic oil spill like BP's Deepwater Horizon spill of 2010. He predicted the litigation will be lengthy because both the report and suit cover a huge area and many species. It will be largely a battle of experts, he said, but allegations about ignoring large spills are a strength of the suit. The suit said NOAA underestimated the largest spill likely.

LONDON – Energy producer Royal Dutch Shell said Wednesday it's planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices during the coronavirus pandemic. Overall, it said it expects the cost-cutting measures to secure annual cost savings of between $2 billion and $2.5 billion by 2022. “We have to be a simpler, more streamlined, more competitive organization that is more nimble and able to respond to customers," Ben van Beurden, the company's chief executive, said. “To be more nimble, we have to remove a certain amount of organizational complexity.”In June, rival BP said it was cutting around 10,000 jobs from its workforce to cope with the impact of the virus. Shell also said that it expects third-quarter production to be between 2.15 million and 2.25 million barrels of oil equivalent a day, and that daily production levels have been impacted by between 60,000 and 70,000 barrels because of hurricanes in the Gulf of Mexico.

– Louisiana will get nearly $215 million in BP oil spill money for two projects planned to restore more than 4,600 acres of marsh and other habitat in the New Orleans area, Gov. The money is from BP’s $8.8 billion settlement for natural resources damage caused by the blowout that killed 11 men and spewed more than 100 million gallons (380 million liters) of oil into the Gulf of Mexico in 2010, leaving long-lasting effects. “The Mississippi River created our parish and the many historic ridges of our landscape,” said Plaquemines Parish President Kirk Lepine. It was based partly on the judge’s estimate that the 87-day Deepwater Horizon spill spewed nearly 134 million gallons (507 million liters) of crude into the Gulf — enough to fill the U.S. Capitol rotunda 13 times. Federal experts estimated the total at more than 176 million gallons (666 million liters), while BP estimated 102 million gallons (386 million liters).

Louisiana is getting another $205 million in BP oil spill money to restore its coast. The marsh project will expand marsh created below the Jean Lafitte area known as The Pen. The four oyster projects include $10.1 million to spread limestone for 200-acre (80-hectare) public oyster reefs. Two will be in the Grand Banks area of the Mississippi Sound, Terrebonne Parishs Sister Lake Public Oyster Seed Reservation. The hatchery estimates its production is at least 500 million oyster larvae a year.

JACKSONVILLE, Fla. – A 49-year-old man who bought a $20 scratch-off ticket at a BP Gas station on University Boulevard West in Jacksonville has claimed a $1 million prize, the Florida Lottery announced Tuesday. Andy Li used a secure drop box in at lottery headquarters in Tallahassee to claim the prize in the $20 MONOPOLY™ JACKPOT Scratch-Off game . He chose to receive his winnings as a one-time, lump-sum payment of $715,000.00. The retailer will receive a $2,000 bonus commission for selling the winning Scratch-Off ticket. The game’s overall odds of winning are one-in-2.97.

FILE-In this Jan. 16, 2020 file photo an uniper coal-fired power plant and BP refinery steam beside a wind generator in Gelsenkirchen, Germany. (AP Photo/Martin Meissner)BERLIN Germany's parliament was preparing Friday to pass new legislation finalizing the country's long-awaited phase-out of coal as an energy source, over objections from environmental groups the plan is not ambitious enough. Both houses of parliament were to vote on the roadmap that envisions the phase-out of coal between now and 2038. Germany is already phasing out nuclear power and the government envisions greater reliance on renewable energy as well as hydrogen and natural gas in the future. Greenpeace, which planned to protest the parliamentary vote, has said the plan does more to appease the energy companies than to protect the environment.

Kimberly Walker makes history after investing in BP gas stationPublished: June 28, 2020, 10:57 pmKimberly Walker owns many businesses, but during the COVID-19 pandemic she decided to invest in an industry she had never dealt with before: oil.

“As I looked around, I realized gas stations didn’t close down during the COVID-19, so I thought it was a wise investment,” said Walker. The gas station is located on the busy corner off of Arlington Expressway where there is lots of talk about the new owner. Walker said BP called her with news that she had made history buy investing in the gas station. Since the grand opening, Walker said she has the first Black-owned BP gas station in the state. Walker hopes other minorities will become interested in buying a gas station.

LONDON Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities to renewable sources of energy. The company said in a statement Monday that the overlap of the petrochemicals business with the rest of the company is limited and that it takes considerable capital to grow these businesses. Petrochemicals are derived from oil and gas production and used to make industrial products like plastics or paints, among other things. Ineos will pay BP a deposit of $400 million and a further $3.6 billion on completion. An additional $1 billion will be deferred and paid in instalments next year.

LONDON Energy company BP is writing off as much as $17.5 billion from its oil and gas assets and will review its plans to develop oil wells as the COVID-19 pandemic accelerates its goal of decreasing its reliance on fossil fuels. The company pledged in February to become a net-zero company by 2050, but the pandemic has forced them to re-consider their assumptions once more. We are also reviewing our development plans,'' Looney said. Supply of oil and gas was particularly high when the outbreak began, creating a perfect storm for the industry. With storage facilities filling up, the U.S. price of oil went below zero in April for the first time ever.

LONDON Energy company BP says that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic. Chief Executive Bernard Looney said Monday that the roles will be office-based and come mostly this year. The companys current global workforce is 70,000. The global energy industry has been hit hard during the pandemic as the widespread limits on business, travel and public life reduced the need for oil, gas and other fuels. With storage facilities filling up, the U.S. price of oil went below zero in April for the first time ever.

CLAY COUNTY – The Clay County Sheriff’s Office is seeking help to locate two people of interest in reference to criminal activity at a BP gas station. The gas station is located in the Middleburg area of Clay County at 2449 Blanding Boulevard, deputies said. If anyone has information regarding the persons of interest, contact 904-529-5900.

NEW ORLEANS – Federal agencies have approved nearly $226 million for 18 projects to restore open ocean and marine habitats that were decimated in the Gulf of Mexico by the 2010 BP oil spill. The well spewed 210 million gallons (795 million liters) of oil before it was capped 87 days later. The open ocean recovery plan was drawn up by the National Oceanic and Atmospheric Administration with help from the U.S. Another $20.7 million would manage and protect corals and $16.9 million would develop techniques to grow and transplant them. “Supplying fishermen with the tools and knowledge to minimize barotrauma-related mortality would result in increased survival of fish released during recreational fishing activities,” it said.

The Royal Shakespeare Company's theater is on the banks of the River Avon in Stratford-upon-Avon, England. (CNN) - The Royal Shakespeare Company (RSC) has said it is dropping its long-term sponsor, BP, a week after British school students wrote to the theatrical organization threatening a boycott. BP has been sponsoring the theater company's discounted 5 ($6) tickets for 16- to 25-year-olds since 2013. BP executives said they were "disappointed and dismayed" at the "premature end" of the partnership, according to a statement on the company's website. The company said BP is acting to change, saying: "We're dismayed because we share many of the concerns that apparently contributed to the decision.