BP warns on oil price after reporting $6.3B loss

BP (London Stock Exchange: BP.-GB), one of the world's biggest oil companies, announced a second-quarter replacement cost loss of $6.3 billion Tuesday, and warned that low oil prices are here to stay.

Libya Crude Output Drops as Conflict Cuts Power at Oil Fields

Libya’s crude production dropped below 400,000 barrels a day as the conflict in the divided North African country cut electricity supply at oil fields, according to the state-run National Oil Corp.

Investors could lose $4.2tn due to impact of climate change, report warns

Private investors stand to lose $4.2tn (£2.7tn) on the value of their holdings from the impact of climate change by 2100 even if global warming is held at plus 2C, a report from the Economist Intelligence Unit (EIU) has warned.

GE Books $2.5 Billion African Orders From Oil to Locomotives

General Electric Co. has booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

Small scale solar energy subsidies set to end

Subsidies for many new solar farms are to end under plans being published by the government. The Department of Energy and Climate Change (DECC) is consulting on plans that would see subsidies for some new solar farms close by 2016.

British Gas falls short on promised £35 savings

British Gas said this week that it is cutting the average annual energy bill by £35 – but you could save much more by switching to a cheaper tariff.

Will Asia disrupt energy financing?

Faced with a yawning energy deficit in years ahead and the need to protect against climate change, Asia is looking for fresh ways to finance its shift toward renewables.