-
Kemi Badenoch outlined a series of bold policies at the Conservative conference, including abolishing stamp duty, reversing Labour's tax hikes, and scrapping the Climate Change Act. She aims to shift focus from climate commitments to economic growth, amid criticism from Labour and environmental groups. The story highlights the party's controversial policy direction as the election approaches.
-
Recent data shows increased energy imports from the US to India, amid ongoing diplomatic efforts. Meanwhile, the US and India are strengthening trade ties through new agreements, despite tensions over Russia and tariffs. UK-India relations also see progress with a major trade deal and high-level visits today, highlighting shifting global alliances.
-
BP expects flat to 5% higher results and cash flow for Q3, despite a $10 per barrel drop in oil prices year-on-year. Production has increased, driven by hydrocarbons and downstream results, but oil trading remains weak. The company is implementing cost cuts amid a focus on oil and gas expansion.
-
Petrofac, a major energy services firm with over 7,000 employees, has applied for court-administered insolvency following the loss of a key windfarm contract in the Netherlands. The move threatens around 2,000 North Sea jobs and follows failed restructuring efforts amid financial struggles and legal issues. The UK operations remain active as the company explores options.
-
The Olympic Pipeline, which supplies over 90% of Oregon's fuel, has been shut down since November 11 due to a leak. State authorities have declared emergencies to manage fuel delivery, but no shortages are expected. Airlines at Seattle-Tacoma are adjusting plans amid the disruption.
-
BP's Olympic Pipeline leak in Washington has led to a shutdown affecting fuel supplies for Oregon and Washington. Authorities fined BP $3.8 million for a 2023 spill, and repairs are underway. The incident raises concerns over pipeline safety and regional fuel security.