Companies

In 2011 BP acquired a 30 per cent stake from Reliance in some of its exploration blocks.

The Exploration Department of the National Iranian Oil Company (NIOC) has signed four research contracts with universities and knowledge-based firms.

They recover their allowed revenues from charges to suppliers. who in turn pass these costs to customers through their energy bills.

Energy majors’ second-quarter results have been hit by lower oil and gas prices versus the same period a year ago.

It has become the latest organisation to join The Climate Group’s RE100 initiative.

The car was found to produce 17 times more nitrogen oxide emissions when tested in real world driving conditions.

Britain will need to switch to electrification across many sectors. from automotive to energy distribution. in order to meet its 2050 net zero goal.

It is also proposing a new business model for CCUS projects that would allow developers to charge customers in advance through their existing bills.

CEO Andrew Mackenzie has endorsed drastic action to combat the issue of climate change. which he said was indisputable.

The joint venture aims to become a highly efficient producer of sugarcane ethanol and generate renewable electricity.