Author: Elizabeth

bp today announced that it has agreed to sell its upstream business in Algeria to Eni, including its interests in the gas-producing In Amenas and In Salah concessions.

bp holds working interests of 33.15% and 45.89% in the In Salah and In Amenas projects respectively. Both are operated by joint ventures co-owned by bp, Equinor and Sonatrach.

Anja-Isabel Dotzenrath, bp’s executive vice president, gas & low carbon energy, said: “bp has worked successfully with Algeria and our partners over almost 30 years, developing and supporting operations on two major gas projects for the country. We believe this agreement represents a good outcome for bp and Eni and for Algeria.”

BATTLE CREEK, MICH. — When The Kellogg Co. completes the breakup of its company into three independent business by the end of 2023 it is “inescapable” that it will emerge as a different company, said Steven A. Cahillane, chairman, president and chief executive officer.

Presenting at the Barclays Consumer Staples Conference held virtually on Sept. 7, Mr. Cahillane talked extensively about what Kellogg may look like post-split. And while much of the focus has been on the future of the company’s North American cereal business, Mr. Cahillane used the Barclays presentation to expand on expectations for what is being called Global Snack Co., or Remain Co, portions of Kellogg’s business that includes what Mr. Cahillane described as “incredibly powerful brands.”

“You have Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, these are world-class brands that are growing exceptionally well,” he said. “You look at the geographic footprint, we have — we

CNN Business
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Columbia University said that it relied on “outdated and/or incorrect methodologies” in submitting data to US News & World Report for consideration in the publication’s 2021 college rankings, according to a statement released by the university Friday.

“The Columbia undergraduate experience is and always has been centered around small classes taught by highly accomplished faculty. That fact is unchanged. But anything less than complete accuracy in the data that we report – regardless of the size or the reason – is inconsistent with the standards of excellence to which Columbia holds itself,” the statement reads. “We deeply regret the deficiencies in our prior reporting and are committed to doing better.”

In February, Columbia Mathematics Professor Michael Thaddeus questioned the Ivy League school’s rise in rankings from 18th place, on its debut in 1988, to 2nd place in 2021. In a statement posted on Columbia University’s Department of