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☆ Norway defends deep-sea mining, says it may help to break China and Russia's rare earths stronghold
▼ + stars: | 2024-01-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +7 min

Ocean Rebellions protest The Deep Sea Says No Why the deep sea? (Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesNorway says its controversial decision to approve deep-sea mining is a necessary step into the unknown that could help to break China and Russia's rare earths dominance. "We have been looking into the seabed minerals opportunity for a long time. Campaigners fear that exploration and exploitation activities in the deep sea could permanently alter a home that is unique to known — and many as yet unknown — species. "The argument put forward by the Norwegian government — and the deep-sea mining industry — that 'deep-sea mining can be done in a sustainable way' goes against the large consensus of scientific literature," Roux said.

Persons: Luciana, Charles M, Anne, Sophie Roux, Terje Aasland, Aasland, Arild Hermstad, Camille Etienne, Lucas Bravo, Javad Parsa, Norway's Aasland, Roux, — Organizations: SOUTH, Getty, IEA, Energy, CNBC, Afp, European Commission, Ocean Alliance, Lightrocket Locations: ROTTERDAM, SOUTH HOLLAND, NETHERLANDS, Norway, China, Europe, Russia, Norwegian, Vietnam, Brazil, Svalbard, French, Oslo

☆ Russia made a flashy upgrade to its cruise missiles since Ukraine shot down so many — but it likely won't help
▼ + stars: | 2024-01-24 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Russia appears to have put decoy flares on its cruise missiles, a world first. AdvertisementRussia appears to be putting decoy flares on its cruise missiles to reduce how often Ukraine successfully shoots them down. A video at the end of December appeared to show a Russian Kh-101 cruise missile using decoy flares during an attack. Ballistic missiles, which are typically faster than cruise missiles and can have larger warheads, have used such flares in the past. Russia is trying to stop losing missilesRussia has been firing vast numbers of cruise missiles across Ukraine during its invasion.

Persons: —, Timothy Wright, Fabian Hoffmann, Hoffmann, It's, JUAN BARRETO, Wright, they'll, William Alberque, Alberque Organizations: Service, International Institute for Strategic Studies, Norway's University of Oslo, Russia, Getty Locations: Russia, Ukraine, Russian, Ukrainian, Bakhmut, Donetsk

☆ 'Huge knowledge gaps must be filled' before deep-sea mining, says Norwegian deputy foreign minister
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Huge knowledge gaps must be filled' before deep-sea mining, says Norwegian deputy foreign ministerMaria Varteressian, deputy foreign minister of Norway, discusses Norway's decision to consider deep-sea mining for critical metals.

Persons: Maria Varteressian Locations: Norway

☆ Telenor CEO warns that AI will replace — and create — jobs: 'It's a shift'
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelenor CEO warns that AI will replace — and create — jobs: 'It's a shift'Sigve Brekke, CEO of Norway's Telenor, discusses what telecommunications companies need to do to become AI-ready.

Persons: Brekke Organizations: Telenor

☆ DNB CEO: Many signs that we have reached top of the rate curve
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDNB CEO: Many signs that we have reached top of the rate curveKjerstin Braathen, CEO of Norway's largest bank DNB, said that there are "many signs saying that we have reached the top of the interest rate curve." However, she said the timeline for lowering rates was less certain.

☆ Norway poised to open vast ocean area to controversial deep-sea mining
▼ + stars: | 2024-01-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Activists take part at a "Look Down action" rally to stop deep sea mining outside the European Parliament in Brussels on March 6, 2023. In a parliamentary vote on Tuesday, lawmakers in the northern European country are expected to approve the government's proposal to open Norwegian waters for commercial-scale deep-sea mining. Critics say deep-sea mining is "extremely destructive," while scientists warn the full environmental impacts are hard to predict. Ocean Rebellions protest The Deep Sea Says No Why the deep sea? (Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images

Persons: Kenzo TRIBOUILLARD, KENZO TRIBOUILLARD, Kenzo Tribouillard, What's, Luciana, Charles M Organizations: Getty, Afp, Environmental Justice Foundation, European Commission, SOUTH Locations: Brussels, AFP, Norway, Svalbard, ROTTERDAM, SOUTH HOLLAND, NETHERLANDS

☆ Norway is gearing up to mine precious metals from the depths of its ocean in a world first
▼ + stars: | 2024-01-09 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

Norway is set to become the first country to move forward with deep-sea mining in its waters. Industry experts don't expect deep-sea mining to start before at least the early 2030s. It could open 108,000 square miles of Norway's national waters to commercial deep-sea mining, per the BBC. AdvertisementThe industry would seek to collect rare minerals like lithium, scandium, and cobalt from nodules and crust found on the ocean floors. AdvertisementThere are very few places in the world where these rare minerals can be found on the surface.

Persons: —, Energy Terje Aasland, Walter Sognnes, Lise Øvreås, Michael Norton, Odd Kristian Dahle Organizations: Service, BBC, Petroleum, Energy, Politico, European Union, Guardian, World Resources Institute, University of Bergen, EASAC, Association of Norwegian Fishermen, Democratic Locations: Norway, Norwegian, Democratic Republic of Congo

☆ Why America's Electric Car Push Isn't Working
▼ + stars: | 2024-01-03 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Electric vehicles were supposed to be inevitable. Auto execs who were once trumpeting the potential of electric cars are even publicly acknowledging that EVs aren't working . In September, 87% of new-vehicle sales were fully electric vehicles. Plus, heavier electric vehicles are harder on roads, produce more air pollution, and pose a greater safety risk for pedestrians. Time for a rethinkThe shift from gas-powered cars to electric vehicles is an opportunity to rethink how Americans get from place to place.

Persons: Joe Biden, Tesla, EVs —, EVs, Edward Niedermeyer, Niedermeyer, Ipsos, CarGurus, bode, Ketan Joshi, Joshi, Benjamin Sovacool, it's, Paris Marx Organizations: EV, Ford, General Motors, Honda, Auto execs, Industry, Tesla Motors, EVs, Cox Automotive, Strategic, Cox, Statistics Norway, Transportation Locations: Mexico, America, California, United States, Norway, Oslo, Norwegian, Paris

☆ Few things worry NATO like Russia's Yasen-class submarines, and Moscow may be planning to build even more of them
▼ + stars: | 2023-12-05 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Despite high-profile losses, Russia's navy has been largely untouched by the war in Ukraine. Russian submarines, especially Yasen-class cruise-missile subs, are a top concern for NATO. A Russian defense industry source told state media outlet Tass in mid-2022 that Moscow was considering adding two more subs to the nine Yasen-class subs it had planned to build. AdvertisementYasen-class sub Severodvinsk during its launch ceremony at a shipyard in the city of Severodvinsk in June 2010. AdvertisementRussian Yasen-class sub Kazan at its home base in Severomorsk in June 2021.

Persons: —, Sasha Mordovets, Glen VanHerck, Lev Fedoseyev, Ine Eriksen Søreide, Jim Mattis, Severodvinsk, Adm, Michael Studeman, LPhot Dan Rosenbaum, Ben Key, what's Organizations: NATO, Service, Tass, US Northern Command, Zircon, Getty, Naval Sea Systems Command, US, Pentagon, CBS News, Chatham, of Naval Intelligence, Russia's, British Royal Navy, US Navy, British navy's Locations: Ukraine, Russian, Russia, Moscow, Northern, Pacific, Severodvinsk, Europe, North America, Severomorsk, Washington DC, NATO, Soviet, Western

☆ My family of 4 took a 7-hour train ride across Norway for $283. The incredible views weren't even the best part.
▼ + stars: | 2023-12-03 | by ( Megan Harrington | ) www.businessinsider.com time to read: +5 min

On the morning of our train ride, we simply walked over to the station and arrived at the platform about 30 minutes before boarding. The family car was great for keeping the kids entertainedThe kids loved playing in the family car. The incredible views made the 7-hour trip fly byThe whole family appreciated the views from the train. Megan HarringtonAfter about seven hours on the rails, we pulled into Oslo's central train station and bid farewell to the family car. Whether you're traveling with family or want to experience breathtaking views, the Bergen Line train is a fantastic option.

Persons: —, Megan Harrington, they've Organizations: Service Locations: Norway, Bergen, Scandinavia, Norway's, Oslo, Europe, Finse

☆ Norway sovereign wealth fund to co-lead class action in SVB bankruptcy
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

Silicon Valley Bank (SVB) logo is seen through broken glass in this picture illustration taken March 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOSLO, Dec 1 (Reuters) - Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). The Norwegian fund said the SVB case raised significant concerns regarding the integrity of the public markets, the governance of large financial institutions and the interests of the investor community more broadly. It held a 1% stake in SVB at the end of 2022, valued at $137.9 million, according to data on the fund's website. The other co-lead plaintiff in the class action is Swedish pension fund Sjunde AP-fonden (AP7), the Norwegian fund said.

Persons: Dado Ruvic, Nicolai Tangen, Nerijus Adomaitis, Jane Merriman, Kirsten Donovan Organizations: Bank, REUTERS, Rights, fund's, Thomson Locations: Rights OSLO, U.S, SVB, Swedish

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. It also disrupted Canada's prestigious Giller Prize Gala on Nov. 14, a literary award sponsored by Scotiabank. It claims in its petition that Scotiabank is the biggest foreign shareholder in Elbit, whose weapons were heavily used during Israel's 11-day operation in Gaza in May 2021. The email said Scotiabank was "not the biggest shareholder of Elbit, nor is it the biggest foreign shareholder of Elbit. Eko said it would not comment on the protests at Scotia branches and has not taken part in the protests.

Persons: Chris Wattie, Eko, unitholders, Angus Wong, Wong, Bezhalel Machlis, Nivedita Balu, Denny Thomas, David Gregorio Our Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Elbit Systems, Scotiabank . Toronto Police, Scotiabank, Global Asset Management, Management, Vanguard Group, BlackRock Institutional Trust, Israel Ministry of Defence, Israel MOD, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, Bank of Nova Scotia, Israel, Elbit, Gaza, Toronto, Scotia

☆ 9 passenger airliners that have landed on Antarctica's rugged runways made out of blue ice
▼ + stars: | 2023-11-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

These planes land on rugged, unpaved runways mostly made of blue ice and compacted snow. PrivatAir's Boeing 737 and Smartwings' Boeing 737 MAXA Smartwings 737 MAX on Antarctica in January 2022. It was the first time the jet type landed on one of the continent's blue ice runways. Another Loftleider 757 is set to ferry Antarctic Ice Marathon runners to Union Glacier this December. Loftleider Icelandic Airlines' and Titan Airways Boeing 767Titan Airways' Boeing 767 on Antarctica.

Persons: —, George Hubert Wilkins, Glenn Jacobson, PrivatAir, NPI, Tim Hewette, Troll, Fang, Patrick Woodhead Organizations: Atlantic Airways, Boeing, Service, Lockheed Vega, Airbus, Australian Antarctic, Australian, Skytraders, Australian Antarctic Program, McMurdo, AAP, Norwegian Polar Institute, Swiss, NPI, Boeing's, Airlines, Titan Airways, Antarctic Logistics, Expeditions, Antarctic Logistics & Expeditions, Antarctic Ice, Russian Antarctic, Titan Airways Boeing, Norse Atlantic Airways, Emirates, White Desert Locations: Antarctica, Skytraders, Christchurch , New Zealand, Hobart, Australia's, Tasmania, Cape Town , South Africa, Czech, Chile, Russian, NPI, Norway, Cape Town, Russia's

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

Earlier this month, she said the U.S. offshore wind industry was "fundamentally broken" after BP wrote down $540 million on its wind power projects offshore New York, blaming inflation and red tape that meant projects ran over budget and over time. Globally, the renewables sector has been undermined by slow permitting, technological challenges, rising raw material costs and higher costs of capital. As BP seeks to guarantee it can meet its internal returns target of 6% to 8% on renewables projects, Dotzenrath said BP was working out how to reduce costs globally. You need one of the local energy suppliers to help you push ahead with the permitting processes and establish the onshore grid connection," she said. BP does not produce electrolysers, which split water to produce hydrogen, but Dotzenrath said did not rule out greater involvement.

Persons: Chris Helgren, Anja, Isabel Dotzenrath, Norway's Equinor, Denmark's, Dotzenrath, we'll, Chancellor Olaf Scholz, Thyssenkrupp, Christoph Steitz, Ron Bousso, Barbara Lewis Organizations: BP, REUTERS, Reuters, Siemens Energy, BASF, Thomson Locations: Vancouver , British Columbia, Canada, LONDON, Japan, U.S, New York, U.S.A, Germany

☆ Archaeologists unearth remains of 1,300-year-old ship at Norwegian burial mound suggesting maritime exploration dates back further than previously thought
▼ + stars: | 2023-11-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Researchers unearthed the remains of a pre-Viking age ship at a Norwegian burial mound. The ship burial likely dates back 1,300 years to 700 AD, media outlets reported. AdvertisementNorwegian archeologists uncovered the remnants of a centuries-old pre-Viking-era ship burial that indicates maritime exploration may have begun in Scandinavia earlier than previously believed. The Herlaugshaugen burial mound. Advertisement"This tells us that people here have had maritime expertise — they could build large ships — much earlier than we previously thought," Grønnesby told the outlet.

Persons: —, Norway's, Hanne Bryn, Geir Grønnesby, Grønnesby, Gemini Organizations: Service, Norway's NTNU, NTNU, Norwegian Broadcasting Corp, Gemini, Science Locations: Scandinavia, Trøndelag County, Leka, Herlaugshaugen, Scandinavian

LONDON (AP) — One year after Qatar hosted the men’s World Cup, the gas-rich emirate and soccer governing body FIFA were urged Thursday by human rights group Amnesty International to do more for migrant workers who were essential to prepare the tournament and still face labor abuses. FIFA, under a different leadership, is now embarked on a similar journey toward Saudi Arabia hosting the World Cup in 2034. “Qatar’s continued failure to properly enforce or strengthen its pre-World Cup labor reforms puts any potential legacy for workers in serious peril,” Amnesty said. A key point for activists and some FIFA member federations has been compensating the families of workers in Qatar who were injured or died. Weeks before the World Cup started, FIFA’s top lawyer had said it was open to helping create a compensation fund.

Persons: ”, Steve Cockburn, “ Qatar’s, “, Weeks, Michael Llamas Organizations: —, Qatar, FIFA, Amnesty, Progress, “ Qatar, United Nations, International Labor Organization, Labor, ” Amnesty, InBev, Budweiser, ” FIFA, “, ILO, Ministry of Labor Locations: Qatar, United States, Saudi Arabia, Gibraltar, “, Geneva

☆ Orsted pulls out of Norway offshore wind consortium
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Earlier this month the Danish company, the world's largest offshore wind developer, also scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments as costs ballooned due to rising interest rates and supply bottlenecks. Olsen Renewables AS, and Norwegian power producer Hafslund formed the Blaavinge consortium in 2021 to take part in planned offshore wind tenders in Norway. Olsen Seawind and Hafslund will not be able to participate in the bottom-fixed wind tender now that Orsted has pulled out of the consortium, Bonheur said. However, they still plan to work on a tender for floating offshore wind turbines. Norway has yet to announce the date for a floating offshore wind tender.

Persons: Tom Little, Orsted, Bonheur's, Olsen, Fred, Hafslund, Olsen Seawind, Bonheur, Nerijus Adomaitis, Susan Fenton Organizations: REUTERS, Rights, Bonheur ASA, Fred, Olsen Seawind ASA, Olsen Renewables AS, Thomson Locations: Nysted, Denmark, Rights OSLO, Norway, Danish, Norwegian

☆ Norway's Statkraft may return to British offshore wind
▼ + stars: | 2023-11-10 | by ( Nora Buli | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsCompanies Statkraft AS FollowOSLO, Nov 10 (Reuters) - Norway's state-owned Statkraft could return to the British offshore wind market, but its key focus remains Ireland, Norway and Sweden, its CEO told Reuters on Friday. He expected future rounds were being re-calibrated after Britain's most recent renewable energy auction failed to attract new offshore wind projects as subsidies were deemed too low and not reflecting rising costs in the industry. Statkraft is also already one of Britain's biggest onshore renewables developers, has a large office in London and knows the market well from previous offshore wind projects, he said. Still, the company's main focus for offshore wind is Ireland, where it is developing 2.2 gigawatts (GW) together with partner Copenhagen Infrastructure Partners. It also plans to participate in Norway's first offshore wind auctions and in October bought Swedish Njordr Offshore Wind, which has an early-stage development pipeline of 21 GW.

Persons: Phil Noble, Toennesen, Statkraft, Nora Buli, Alexander Smith Organizations: Burbo, REUTERS, OSLO, Reuters, Dogger Bank, Triton, Copenhagen Infrastructure Partners, Thomson Locations: Mersey, Liverpool, Britain, Ireland, Norway, Sweden, London, Dudgeon, Sheringham, England

Norway wealth fund CEO Nicolai Tangen presents the results for 2022, at a news conference in Oslo, Norway January 31, 2023. NTB/Heiko Junge via REUTERS/File Photo Acquire Licensing RightsNEW YORK, Nov 8 (Reuters) - Norway's $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York. The fund invests the Norwegian state's revenues from oil and gas production in equities, bonds, property and renewable projects abroad. It is the world's largest sovereign wealth fund, holding stakes in more than 9,200 companies globally and owning 1.5% of all listed stocks. "We are using it (AI) now in how we deploy the capital," Tangen said.

Persons: Nicolai Tangen, NTB, Heiko Junge, Tangen, Sam Altman, Altman, Lananh Nguyen, Chizu Organizations: REUTERS, Reuters NEXT, Companies, Reuters, reuters, Thomson Locations: Norway, Oslo, New York

Maine is the latest state to address foreign influence in elections. The Maine referendum on the Nov. 7 ballot would ban foreign governments, or companies with 5% or more foreign government ownership, from donating to future referendum races. The Maine proposal is straightforward by targeting foreign governments and companies owned by them, while leaving untouched foreign-based corporations with no government ownership. The idea of foreign influence in U.S. elections is something that unites people in an era of deep partisan divisions. “Of course we shouldn’t have foreign governments meddling in our elections.”___Follow David Sharp on X, the platform formerly known as Twitter, @David_Sharp_AP

Persons: Aaron McKean, McKean, Daniel Weiner, It’s, ” Weiner, “, Sen, Rick Bennett, —, Janet Mills, Maine’s, ”, Sarah Walker, Bennett, George Washington, David Sharp, @David_Sharp_AP Organizations: —, Hydro, Washington , D.C, Brennan Center for Justice, Hydro Quebec, Central Maine Power, CMP, Canadian, Republican, Democratic Gov, Maine Press Association, Maine Association of Broadcasters, Norges Bank, Qatar Investment Authority Locations: PORTLAND, Maine, — Maine, Hydro Quebec, Canadian, Washington ,, Minnesota, Florida, Idaho, Seattle, Portland , Maine, U.S, ” Maine, Spanish, In Montana, California, Luxembourg, Cyprus, Los Angeles, Canada, Calgary, Alberta, Qatar

Orsted, the world's largest offshore wind developer, said it would stop developing its 2,248-megawatt (MW) Ocean Wind 1 and 2 projects in New Jersey. The offshore wind industry has found itself in a perfect storm of rising inflation, interest rate hikes and supply chain delays. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. Orsted, which in June announced plans to invest 475 billion crowns by 2030, said it was in the process of reviewing its investments and could introduce cost-saving initiatives. Orsted's share price has tumbled 52% since an August profit warning, cutting its market value to 112 billion crowns from 235 billion.

Persons: Joe Biden, Norway's, Mads Nipper, Nipper, Bernstein, Deepa Venkateswaran, Jacob Gronholt, Pedersen, Louise Rasmussen, Gursimran Kaur, Terje Solsvik, Michael Perry, Mark Potter Organizations: Wednesday, U.S, BP, Thomson Locations: U.S, New Jersey, New York, Danish, Copenhagen, Bengaluru

A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its U.S. offshore developments due to supply chain problems, soaring interest rates and a lack of new tax credits. Norway's Equinor (EQNR.OL), BP's partner on those New York offshore wind developments, booked a $300 million impairment on the projects on Friday. In Massachusetts, two offshore wind developers, SouthCoast Wind and Commonwealth Wind, agreed to pay local utilities to terminate deals that would have delivered around 2,400 MW of energy. Avangrid also canceled a contract to sell power in Connecticut from its proposed 804-MW Park City offshore wind farm.

Persons: Tom Little, Denmark's, Joe Biden, Orsted, Jacob Pedersen, Portugal, France's, Avangrid, Scott DiSavino, Louise Breusch Rasmussen, Ron Bousso, Jonathan Oatis, Josie Kao Organizations: REUTERS, BP, U.S, Analysts, Reuters, Commonwealth, Shell, Energias, Thomson Locations: Nysted, Denmark, U.S, Danish, New York, Massachusetts, Connecticut, Rhode Island and Massachusetts, In Massachusetts, Commonwealth, Spanish, Copenhagen, London, Bengaluru

"BP reported weak numbers this morning...However, notably, BP has reported exceptional gas trading results on several occasions in the last couple of years, including last quarter," said RBC analyst Biraj Borkhataria. In the downstream, customers & products reported $2.1 bln vs consensus $2.4 bln, despite being supported by very strong oil trading results, suggesting weaker refining margin capture in the third quarter." That was up from the $2.6 billion profit the company reported in the prior three months due to higher oil and gas production, strong refining margins, lower refinery maintenance and "a very strong oil trading result", but natural gas marketing and trading were weak. BP expects capital expenditure of $16 billion this year, the lower end of its indicated range of $16-$18 billion. Rivals Chevron (CVX.N) and Exxon Mobil (XOM.N) last week posted sharp year-on-year drops in third quarter profit as energy prices cooled.

Persons: Norway's, Biraj Borkhataria, Murray Auchincloss, Bernard Looney, Ron Bousso, Louise Heavens, Jason Neely Organizations: windfarm, BP, Reuters Graphics Reuters, Rivals Chevron, Exxon Mobil, Thomson, & $ Locations: U.S, British, New York

☆ Messi wins record eighth Ballon d'Or for best player in the world
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

PARIS, Oct 30 (Reuters) - Argentina captain Lionel Messi won a record-extending eighth Ballon d'Or for the best player in the world on Monday, beating Norway's UEFA player of the year and treble winner Erling Haaland of Manchester City to the prestigious prize. Inter Miami's Messi, who last won the award in 2021, played a pivotal role in guiding Argentina to their first World Cup title in 36 years in Qatar last season. Reporting by Rohith Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Lionel Messi, Erling Haaland, Inter Miami's Messi, Rohith Nair, Ken Ferris Organizations: Norway's UEFA, Manchester City, Inter, Thomson Locations: Argentina, Manchester, Qatar, Bengaluru

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