BP Plc (NYSE: BP) said Jan. 30 it had invested $5 million in U.S. mobile electric vehicle charging company FreeWire.
Oil and gas industry’s first public offering of the year saw a nearly 28% rise in share price right out of the gate.
New CEO Fehrman comes from utility and renewables units of Berkshire.
Survey shows that the renewables sector M&A activity will likely favor China and Germany, with U.S. policies curbing investors’ interest.
Uncertainty over whether the crude rally can stick and fears that advances in electric vehicles will undermine longer-term demand for oil still overshadow the sector.
Part II of our outlook for oil and gas in 2018 features five experts discussing industry trends and challenges for the year ahead.
Part I of our outlook for oil and gas in 2018 features five experts discussing industry surprises in 2017 and investing opportunities for the new year.
British oil producer BP said on Dec. 15 it would buy a 43% stake in solar energy firm Lightsource for $200 million.
Financiers keep pouring cash into the shale oil sector, providing producers with a path to keep U.S. output rising through the middle of the next decade.
European oil shares, having been for so long the dividend darlings of income funds, are losing their pulling power as investors take another look at the long term future of energy companies focused on fossil fuels.