Channel 4 and BP cut sponsorship ties for Paralympics coverage August 24, 2021 As the Paralympic Games begin today, it has emerged that oil giant BP is no longer a sponsor of Channel 4’s prime-time coverage of the event. An initial press release issued by Channel 4 in January 2020 announced that BP and Toyota would “share sponsorship equally” but a subsequent press release published last week stated that “Channel 4’s Tokyo [...]
Oil and gas rally as fears of Russia invading Ukraine rise February 14, 2022 Energy commodities have responded resoundingly to reports from Washington that Russia could invade at "any moment".
EU aims to boost gas supplies amid deepening energy crisis and Russia-Ukraine tensions January 23, 2022 The European Union is talking with partners as it looks to boost gas supplies amid a deepening energy crisis across the continent.
Gazprom profits double on higher European gas sales April 29, 2019 Record sales in Europe helped Russian energy giant Gazprom double its profits last year, it said today. The company’s profits reached nearly 1.5 trillion roubles (£17.5bn) in 2018. Read more: Plexus shares hit oil as licensee signs deal with Gazprom The big profits were helped as its exports to Europe and Turkey reached a record [...]
Shell’s profits surge amid soaring oil and gas prices May 5, 2022 Shell has continued its rebound from the pandemic, posting profits of $9.13bn in the first three months of the year.
Gazprom profits soar 44 per cent after energy prices boom May 30, 2019 Profits shot up at Gazprom in the first three months of the year, the company reported today after months of international energy price rises. Sales at the firm rose 6.8 per cent to 1.3 trillion Russian roubles (£15.8bn) in the first quarter of 2019, even as the amount of gas it sold dropped 8.6 per [...]
City corruption: Company of Tory donor Ayman Asfari paid tens of millions in bribes across Middle East October 3, 2021 A company whose biggest shareholder is a major Tory donor did not stop its employees from paying out more than £32m in bribes in order to secure a range of contracts across the Middle East. Petrofac, one of the world’s largest service providers to oil and gas producers, won business worth £2.7bn in Iraq, Saudi [...]
Capital punishment: private sector sanctions in Russia March 21, 2022 The corporate response to Russia’s invasion of Ukraine is representative of a wider shift in the role of the private sector in society. Russia’s invasion of Ukraine is first and foremost a human tragedy and has far-reaching consequences for millions of people. Our thoughts are with those caught in the atrocious situation, those that have [...]
Plexus shares hit oil as licensee pens deal with Russian energy giant Gazprom March 4, 2019 Plexus Holdings soared today as the small oil and gas service provider said a licensee had signed a deal with energy giant Gazprom. The contract becomes the first major deal for its Russian licensing partner LLC Gusar, which has will supply so-called pos-grip equipment to Gazprom. Read more: Gulf Marine drops 75 per cent on profit warnings Shares [...]
Belarus joins invasion of Ukraine as troops cross border while 40 mile long Russian convoy nears Kyiv March 1, 2022 Mad March begins in Moscow: ICC to open war crime probe while Shell pulls $3bn out of Russia and Ukraine applies for EU membership.