The FTSE 100 tipped into positive territory at the close of play after it was buoyed by a strong showing by BP.
Nearly 4,500 jobs have been lost at major British employers in only the first two working days in August, as businesses continue to feel the fallout from the impact of the Covid-19 pandemic.
BP is to cut the amount of oil and gas it produces by 40% by the end of the decade, the energy giant announced on Tuesday as it fleshed out plans to become a “net zero” company by 2050.
BP has slashed its dividend payout for the first time since the Deepwater Horizon disaster, after the company’s profits were squeezed by a drop in the price of oil.
Investors will hold their breath at 7am on Tuesday as they wait for an answer to the hottest question of the week – what will Bernard Looney do to BP’s dividend?
A major oil firm has been fined £7,000 after 95 tonnes of crude oil leaked into the North Sea.
More than half a decade on from a collapse in the price of oil that gutted parts of the UK’s energy industry, explorers in the North Sea hope they can bounce back from another major downturn sparked in part by the coronavirus.
BP has been forced to reduce the price it thinks it can get for the oil left in its underground reserves, as the energy giant took charges and write-offs that could reach £14 billion.
A north-east trade union chief has urged ministers to defend workers after an energy giant announced it was to cut thousands of jobs.
An oil and gas sector deal could ensure any further BP-scale job losses are “headed off at the pass”, according to a north-east MP.
The Scottish Government has been urged to step in and provide more support to the oil and gas sector after fuel giant BP announced a cull of thousands of jobs.
Energy giant BP has announced plans to cut around 10,000 jobs worldwide in response to the latest oil downturn.
The boss of UK oil giant BP has told staff it plans to cut 10,000 jobs from its global workforce just weeks after increasing the dividend it pays to shareholders.
BP put workers “in harm’s way” during a fire on the ETAP installation, being left without water pumps to extinguish it, the Health and Safety Executive (HSE) has warned.
Energy giant BP has donated thousands of pieces of protective equipment to key workers in the north-east.
The chief executive of BP has said “job security is going to be a major concern” amid the Covid-19 pandemic but gave no answers on any potential cuts the energy giant might make.
An oil giant has come to the aid of a north-east social care charity by providing vital supplies for the most vulnerable.
The Deepwater Horizon disaster forced the UK North Sea to “sharpen up its act”, reminding the sector of the “consequences of getting things wrong”, according to industry leaders.
Oil giant BP has come under fire for flying workers offshore while the results of their coronavirus tests were still outstanding.
Oil and gas giant BP is set to open a new Dyce-based Covid-19 testing facility to halt the spread of the virus to its North Sea assets.
Oil and gas giant BP has said it will safeguard workers’ jobs for the next three months.
Oil and gas giant BP has said it will safeguard workers' jobs for the next three months.
Energy giants Shell and BP have urged staff in Aberdeen to work from home.
A senior diving boss has described how his son has been “crippled by incompetence” while preparing an oil rig for work in the North Sea.
More than 60 North Sea workers have been evacuated after a “power generation issue” at BP’s ETAP installation last night.
Around 1,500 people have protested at the British Museum over energy company BP’s sponsorship of a Troy exhibition.
Activists have taken a Trojan Horse inside the gates of the British Museum to protest at BP sponsorship.
A BP engineer has been named amoung the UK victims of of today’s Ukrainian International Airlines crash in Iran.
Oil major BP has struck a deal to sell its stakes in the Andrew area in the central North Sea to Premier Oil.
Pupils from across the north-east have taken part in a competition to design low-carbon solutions for the oil and gas industry.