Ron Bousso
Reuters Top News
United Kingdom
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Past articles by Ron:
Oil giants drill deep as profits trump climate concerns
Oil and gas firms have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives. → Read More
Shell boosts dividend, steadies oil output in new CEO plan
Shell will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. → Read More
Exclusive: Shell pivots back to oil to win over investors -sources
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said. → Read More
Shell CEO shielded by security as climate protesters try to storm AGM stage
Security staff shielded Shell Chief Executive Wael Sawan and the firm's board of directors as climate protesters tried unsuccessfully to storm the stage at the energy giant's annual shareholder meeting in London on Tuesday. → Read More
Shell, Equinor profits beat forecasts as trading offsets lower energy prices
Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their trading desks to offset lower oil and gas prices. → Read More
Shell posts $10 billion profit, lifted by trading
Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices. → Read More
BP profit rises to $5 billion as share buyback is reduced
BP made a $5 billion profit in the first quarter, rising from the previous three months on the back of strong oil and gas trading as the company pared back a share buyback programme. → Read More
U.S. clean energy 'carrots' could put Europe behind in decarbonization race, execs say
Billions of dollars in clean energy incentives are poised to speed investment on American soil while putting the European Union's energy transition at risk by luring away money and talent, executives at the CERAWeek energy conference said this week. → Read More
Inside BP's plan to reset renewables as oil and gas boom
BP hasn't fallen out of love with renewables. It just wants to have more power. → Read More
Norway's Equinor nears deal to buy Suncor's UK oilfields
Norway's Equinor is close to reaching a deal to buy Suncor Energy's British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday. → Read More
BP ends 70 years of publishing Statistical Review of World Energy
BP has decided to end the publication of the Statistical Review of World Energy after more than 70 years and will pass the benchmark report into the hands of the Energy Institute, an industry body, they said on Tuesday. → Read More
Shell CEO creates chief of staff role in management overhaul
Shell Chief Executive Officer Wael Sawan has created a senior role of chief of staff as part of a management overhaul to improve performance after technical problems and other disruption, three company sources said. → Read More
BP enters South Korea's offshore wind sector
BP has entered South Korea's offshore wind sector after acquiring a stake in Norwegian group Deep Wind Offshore's portfolio of projects in the country, as the British energy firm continues its expansion in the fast-growing renewables market. → Read More
BP makes record profit in 2022, boosts oil spending
BP on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans but scaled back ambitions to reduce oil and gas output by 2030. → Read More
Shell CEO in first changes combines LNG, upstream operations
Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of CEO Wael Sawan's first changes since taking charge of the energy giant earlier this month. → Read More
Shell considers exiting UK, German, Dutch energy retail businesses
Shell is considering exiting its home energy retail businesses in Britain, the Netherlands and Germany in the wake of "tough market conditions", it said on Thursday. → Read More
Exclusive: Qatar in talks to join TotalEnergies' $27 bln Iraqi energy project -sources
Qatar is in talks to acquire a stake from French company TotalEnergies' $27 billion cluster of energy projects in Iraq, three sources told Reuters, as Baghdad hopes to stem efforts by Western energy companies to exit the country. → Read More
Exclusive: Equinor joins Western oil firms' retreat from Nigeria -sources
Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said. → Read More
Analysis: Europe boosts Russian diesel buying ahead of ban set to rock market
European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 European ban expected to tighten supplies, redraw global shipping routes and increase price volatility. → Read More
Exclusive: Shell energy transition prompted talks to sell Norway business
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. → Read More