Oil and Energy

21 September 2021 02:43 PM Shell sells Permian assets to ConocoPhillip for $9.5m

Shell Enterprises has entered into an agreement to sell its Permian business to ConocoPhillips.

Shell plans to produce low-carbon jet fuel at scale by 2025 to contribute to cutting carbon emissions.

4 July 2021 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.

OPEC+ countries are scheduled to hold an online meeting on 1 July 2021 to consider whether to further raise oil production.

BP and Eni have inked a non-binding MoU to enter into talks to combine their upstream portfolios in Angola.

Maersk will accelerate plans to decarbonise sea-borne container shipping by putting the world’s first carbon-neutral vessel into operation in 2023.

The net profits of France's Total plunged by 66% to $4.059 billion in 2020, compared to $11.828 billion in 2019.

4 February 2021 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 oil demand is forecast to recover by 5.5 million barrels per day (mb/d) to 96.6 mb/d in 2021.