BP and Shell rein in electricity ambitions to escape ‘valley of death’
Oil majors caught between pro-fossil fuel and pro-climate investors scale back $18bn power generation push
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BIS warns politicians to rein in spending or risk market turbulence
Chief economist Claudio Borio says governments will be ‘too late’ if they wait for investors to panicFinancial Times - 1d -
BP shifts offshore wind to joint venture amid retreat from renewables
Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets. Business live – latest updates BP has agreed a deal worth up to £4.5bn to build offshore ...The Guardian - 2d -
BP moves offshore wind business into joint venture with Japan’s Jera
British major is pulling back from renewables to refocus on oil and gasFinancial Times - 2d -
BP, JERA to Create Offshore Wind JV
BP will merge its offshore wind-energy business with that of Japanese power-utility JERA to create a standalone company, in line with the British company’s strategy to focus on its more profitable ...The Wall Street Journal - 2d -
Three blissful beachside escapes
Feet-in-the-sand stays in Egypt, California and IndonesiaFinancial Times - 3d -
It’s Not Too Late to Rein In Holiday Spending
Research suggests that you’ll spend less than you otherwise would by setting a strict budget — even if you go over the budget.The New York Times - 5d -
Equinor, Shell to Combine U.K. Assets
The energy majors will create a joint venture they say will be the biggest independent producer in the North Sea to help sustain domestic oil-and-gas production and secure energy supply in the U.K.The Wall Street Journal - 6d -
Orbex suspends Scottish spaceport in blow to Highlands ambitions
Company will shift launch site to SaxaVord in Shetland IslandsFinancial Times - Dec. 4 -
Rebel advances in Syria spell danger for Russia’s Middle Eastern ambitions
Moscow’s ability to support its regional partner, Iran, is coming under increasing strainFinancial Times - Dec. 4
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