Featured News
BP offers employees shares in rallying cry for low-carbon shift
Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney’s plan to shift...
Featured News
Wartsila wins contract for 50 MW ECO wind farm in Mexico
Wartsila has won a contract to provide energy storage system for the 50 MW Eolica Coromuel (ECO) wind farm in La Paz, Mexico.
The Wartsila...
Featured News
Oil prices near $60 a barrel, the highest level this year
Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by...
Featured News
Top 5 oil giants’ market value falls to $680 bn, lower than Tesla’s $752 bn
According to the research data analyzed and published by Sijoitusrahastot, the energy sector was the worst performer on the S&P 500 in 2020, plummeting...
Featured News
RIL sells stake in shale gas asset in US for $250 mn
Reliance Industries (RIL) has sold its stake in the shale gas asset in Marcellus shale play of southwestern Pennsylvania, the US to Northern Oil...
Featured News
Shell profit slumps 71% to $4.8 bn in 2020
Royal Dutch Shell said its annual profit slumped 71 percent to $4.8 billion as its oil and gas production and profits from refining crude...
Featured News
Chesapeake Energy cuts 15% of workers mainly at Oklahoma City
U.S.-based shale oil and gas producer Chesapeake Energy plans to cut 15 percent of its workforce as it closes on new financing that will...
Featured News
Exxon Mobil posts annual loss of $22.4 bn for 2020
Exxon Mobil has posted an annual loss of $22.4 billion for 2020 after the COVID-19 pandemic hammered energy prices and reduced the value of...