Featured News

Chevron, Total-Qatar Petroleum win Suriname oil bids

Suriname’s state oil company Staatsolie said that Chevron and a consortium of France’s TotalEnergies SE and Qatar Petroleum submitted the most favorable bids to develop...

Adani group shares shed more than $6 billion on Monday

Shares in companies controlled by Indian billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of...

Brent crude oil prices to stabilize then decline: EIA

EIA forecasts in the June release of its Short-Term Energy Outlook (STEO) that global Brent crude oil prices will stabilize in mid-2021 and average about $68...

Exxon Mobil’s board shakeup could force review of Capex spending

The overhaul of Exxon Mobil’s board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely...

Saudi Aramco raises $6 billion with debut sukuk

Saudi Arabian oil giant Aramco locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt...

Northvolt raised $2.75 billion in latest round of funding

Northvolt, a Swedish battery developer and manufacturer, has raised $2.75 billion in latest round of investment. The $2.75 billion raised in equity enables Northvolt’s expansion plan leading up to and beyond...

Saudi Aramco invests in renewable energy storage firm Energy Vault

Energy Vault, a developer of renewable energy storage products, announced investment from Saudi Aramco Energy Ventures. Energy Vault will use the funds to accelerate deployment of...

BPCL revenue jumps to Rs 301,865 crore in 2021 fiscal

Bharat Petroleum Corporation (BPCL) reported revenue from operations of Rs 301,864.98 crore for the year April-March 2021. For the full year (FY21), BPCL posted its...