Orsted hikes guidance as boss hails Hornsea offshore wind farms Energy The Danish state-backed energy group said operating profit had risen from DKK 19.4bn to 23.6bn compared with the prior year.
BP beats estimates despite lower oil prices Energy FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter. On Tuesday, it posted an underlying replacement cost profit, used as a proxy for net profit, of $2.3bn (£1.8bn) for the three months to 30 September. The figure beat analyst expectations of $2.1bn (£1.6bn), according to an LSEG-compiled consensus. However, the figure [...]
BP puts US onshore wind power business up for sale Energy BP plans to sell its onshore wind business in the US in a further sign that the oil major is rowing back on its commitment to transition towards developing more renewable energy projects. The firm said on Monday that it would launch a sale process BP Wind Energy, its American onshore wind energy division that [...]