Oil and Energy

21 September 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.

Oil and Energy

20 September 01:33 PM Shell to produce sustainable jet fuel at scale by 2025

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

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.

Oil and Energy

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.

Oil and Energy

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.

Oil and Energy

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.

Global Reports

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.

Oil and Energy

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.

Global Reports

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.

Oil and Energy

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.

Global Reports