BP Stock: BP Nears Sale of Solar Arm to Kuwait-Backed Fund
BP is in advanced talks to sell its solar power business to a Kuwait-backed consortium, continuing its pullback from renewables.
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Get live United Kingdom data with ProOver the last 90 days, Oil & Gas shows 115 positive, 19 neutral and 20 negative news signals across its constituents. The auto-generated sector insight (top drivers with direction + rationale) appears here once the analysis worker has processed enough items.
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How news sentiment on the Oil & Gas sector has built up over time. Each bar sums the direction of every story TradeTidings published in the period, weighted by how influential we rated it, not just a plain count, so a single high-influence negative story can outweigh several small positive ones. Hover a bar for its exact figures, or click one to filter the stories below to that period. Our own original analysis, not a copied index or a price chart, and not a prediction.
The most recent stories affecting Oil & Gas, across all of our coverage.
BP is in advanced talks to sell its solar power business to a Kuwait-backed consortium, continuing its pullback from renewables.
BP has reportedly found a buyer for its remaining renewable power generation business, marking the final step in its retreat from renewables back toward oil and gas.
BP is reportedly considering selling its stake in solar developer Lightsource, part of a broader shift back toward its core oil and gas business.
BP is reportedly close to selling its Lightsource bp solar development business to a Kuwait-backed consortium, continuing its retreat from large-scale renewables investment.
Shell shares dropped after a trading statement showed trading activity, not core operations, would drive about half of the expected Q2 profit rise.
A global bond rout triggered by oil at $100 a barrel pushed UK borrowing costs sharply higher, a gilt-yield move that hits banks, insurers and REITs differently.
Brent crude has risen to around $100 a barrel on fears of a possible attack, a positive for oil producers Shell and BP and a negative for airline IAG through higher jet fuel costs.
A scramble to route oil and shipping around the Strait of Hormuz is raising the cost of moving crude out of the Gulf, a dynamic that lifts realised prices for BP and Shell while adding to airline fuel costs.
Brent crude touched a two month high of 100 dollars a barrel after Houthi attacks on Saudi Arabian tankers, a short term positive for BP and Shell's oil earnings.
BP has reportedly begun a process to sell its stakes in two Gulf of Mexico oil and gas projects, continuing its portfolio-trimming drive.
New energy secretary Miatta Fahnbulleh's visit to Aberdeen signals government focus on North Sea drilling policy, creating regulatory uncertainty for BP, Shell, and other operators.
A US strike on Iran and fresh Houthi attacks on Saudi tankers keep Brent crude and defence spending in focus for UK-listed oil majors and defence contractors.
The first jacket structure for BP's $7 billion gas and carbon capture and storage project has arrived at its destination, a visible sign the project remains on schedule.
Escalating tension in the Middle East has driven a sharp jump in Brent crude, a boost for BP, Shell and North Sea producers but an added cost for airlines that burn jet fuel priced off the same barrel.
Commercial tanker traffic continues through the Strait of Hormuz amid increased US naval presence, with implications for global energy transport costs and oil price volatility.
A Directors' Deals report flags how the Middle East conflict weighs on Energean, whose gas production sits mainly in Israeli waters.
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