More pressure on #BP over ties to #Rosneft as fuel supplier to Russian army

 

Rosneft has been under US and EU sanctions since Russia annexed Crimea in 2014. Those measures were designed to ensure Rosneft could still export oil and gas but stymie its future growth. As a result, BP was still able to report profits of more than $2.4bn from its Rosneft stake last year and collect $640mn in dividends, while Looney has continued to sit on the Russian group’s board.

Another #Chart Ruined 🙄 #NatGas

HT @EdVanDerWalt 

Here’s non log #Crude #Oil #charts $CL #OOTT pic.twitter.com/SmAyPKxocQ

— MasterEnergy (@MasterEnergyRSS) October 6, 2021

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Shell $RDS Buys #UK’s Largest #EV #BatteryCharging Network from #Ubitricity

Acquisition of Ubitricity comes as oil major expands presence along power supply chain

Street charging is expected to expand rapidly as customers who lack private driveways and those that wish to charge their vehicles overnight seek greater options

Royal Dutch Shell has agreed to buy Ubitricity, owner of the largest public charging network for electric vehicles in the UK, as the oil major expands its presence along the power supply chain.

Shell said on Monday it would buy 100 per cent of the company for an undisclosed amount. Ubitricity, founded in Germany, is a leading European provider of on-street charging for electric vehicles.

The company, which integrates electric car charging into street infrastructure such as lamp posts, has more than 2,700 charge points in the UK, giving it a market share of 13 per cent.

Shell said the acquisition would help it expand into on-street charging. It already has more than 1,000 fast and ultrafast charging points at 430 Shell retail stations and a greater number including those owned by partners and affiliates at forecourts and motorway service stations.

Shell buys UK’s largest electric vehicle charging network: