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bp to exit its 19.75% shareholding in Rosneft

Green Car Congress

The resignations will require bp to change its accounting treatment of its Rosneft shareholding and, as a result, it expects to report a material non-cash charge with its first quarter 2022 results, to be reported in May. Impact on reporting and finances. Bob Dudley has been a director of Rosneft since 2013.

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Day Of Reckoning For US Shale Will Have To Wait

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“We think that banks are generally giving producers more time to improve financial health and that spring ‘16 redeterminations could be much tougher without significant commodity price improvement,” said Jonathan Wolff, an analyst with Jeffries, according to SNL. Maintaining access to finance can come at a price.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

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One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

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A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. It assumes that a BEV with a 60 kWh battery will travel 200 miles between charges. —Colin McKerracher, lead advanced transportation analyst at BNEF.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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The Saudi decision to let the market set prices and to pursue market share, has led to steep declines in crude and petroleum product prices. The decision also has impacted natural gas export prices negatively, since, for Russia's long-term supply agreements, they wholly or partially are indexed to oil prices.

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UC Berkeley Study Concludes Battery Switching Model Would Accelerate Mass-Market Adoption of Electric Cars; Baseline Scenario Projects EVs Reaching 64% of New LDV Sales in 2030

Green Car Congress

In two other scenarios considered, a high oil price scenario (using EIA projections) and a battery swap operator-subsidzied scenario, EV new vehicle sales penetration reaches 85% and 86% respectively by 2030. candidate in economics with a specialization in international finance and environmental economics. Becker (2009).