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02 August 01:35 AM

Oil and Energy

4 July 01:33 PM Hitachi ABB to change name to Hitachi Energy
Mubasher: Hitachi ABB Power Grids will change its name to Hitachi Energy from October 2021, coinciding with its first-year anniversary. 
Global Reports
24 June 04:40 PM OPEC+ considers cautious supply rise amid global demand for barrels
OPEC+ countries are scheduled to hold an online meeting on 1 July 2021 to consider whether to further raise oil production.
Oil and Energy
19 May 03:09 PM BP, Eni in talks to merge Angolan oil, gas interests
BP and Eni have inked a non-binding MoU to enter into talks to combine their upstream portfolios in Angola.
Global Reports
17 February 01:49 PM Maersk to launch world's first carbon-neutral liner vessel in 2023
Maersk will accelerate plans to decarbonise sea-borne container shipping by putting the world’s first carbon-neutral vessel into operation in 2023.
Global Reports
9 February 12:26 PM Total records 66% lower profits in 2020 due to COVID-19
The net profits of France's Total plunged by 66% to $4.059 billion in 2020, compared to $11.828 billion in 2019.
Oil and Energy
4 February 04:54 PM Shell's profits down 71% in 2020; dividends raised
The net profits of Royal Dutch Shell plunged by 71% year-on-year (YoY) to $4.8bn in 2020.
Global Reports
19 January 01:53 PM IEA lowers 2021 global oil demand outlook amid COVID-19
Global oil demand is forecast to recover by 5.5 million barrels per day (mb/d) to 96.6 mb/d in 2021.
Global Reports
16 November 2020 03:44 PM OPEC+ starts meetings to support oil market amid COVID-19
OPEC+, are holding meetings starting on Monday to highlight ways to support the oil market in 2021 amid the surge of Coronavirus (COVID-19) again.
Oil and Energy
12 November 2020 01:27 PM IEA says coronavirus vaccines unlikely to rescue oil market soon
The International Energy Agency said it does not expect the prospect of a coronavirus vaccine to significantly boost oil demand until well into next year.
Global Reports
2 November 2020 02:16 PM China may account for highest petrochemical capacity additions by 2030
The global petrochemical capacity is set to witness a 42% growth by 2030.
Global Reports
13 October 2020 05:08 PM OPEC lowers 2021 world oil demand forecast amid COVID-19
OPEC has cut its 2021 world oil demand growth forecast by 0.08 million barrels per day (bpd).
Global Reports
5 October 2020 04:28 PM Siemens, Macquarie units launch US distributed energy JV
Macquarie’s Green Investment Group (GIG) and Siemens’ Smart Infrastructure (SI) and Financial Services (SFS) are forming a new joint venture (JV) named Calibrant Energy.
Oil and Energy
30 September 2020 03:35 PM Shell plans up to 9K job cuts in low-carbon transition
Royal Dutch Shell on Wednesday said that it plans to cut up to 9,000 jobs, or over 10% of its workforce.
Global Reports
3 June 2020 05:30 PM Saudi Arabia, Russia near agreement to extend oil output cut
Saudi Arabia and Russia have reportedly agreed on a preliminary deal to extend the current crude oil output curbs for another month.
Oil and Energy