Tag Archives: renewables

BP halves dividend after record loss, but the future looks bright

Following a record $6.7bn quarterly loss, BP has halved its shareholder dividend after the coronavirus pandemic hit global demand for oil. The loss was largely due to BP writing down the value of its assets after it cut its oil Read more »


Preparing for a new oil world

Boris Ivanov, founder of GPB Global Resources discusses how the fuel oil industry can begin to prepare for the new oil world. With BP cutting 10,000 jobs and further gloomy job losses across the energy, manufacturing and travel industries, it’s clear COVID-19 is having a profound impact on the cornerstone industries of our economy.