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Slack data management exposed BP to high safety risk: leaked report

BP's refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015. The report, co-authored by BP, IBM and industry consultancy WorleyParsons , states that the British company's refining and petrochemical business, known as downstream, is trailing rivals such as Royal Dutch Shell by up to seven years in managing information to reduce safety risks and financial losses. “Inadequate management and use of engineering…

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Slack data management exposed BP to high safety risk: leaked report

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Brexit would cause big problems for German banks: German financial watchdog

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. “They have the most activities

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Brexit would cause big problems for German banks: German financial watchdog

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Coming wave of gas puts focus on finding new shores

By Ron Bousso and Oleg Vukmanovic LONDON (Reuters) – Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. “We are ready to go downstream as much as it takes to unlock gas demand,

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Coming wave of gas puts focus on finding new shores