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Oil major BP reports first loss in a decade
BP has reported $5.7 billion loss last year, its first in a decade, as the Covid-19 pandemic took a heavy toll on oil demand.
The...
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Shell bets on power trading, hydrogen and biofuels markets
Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from...
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GE CEO explains initiatives that drive cash savings
General Electric (GE) has offered an upbeat outlook for its business this year after reporting a surge in quarterly free cash flow, showing Chief...
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TC Energy to cut jobs and halt work on Keystone XL oil pipeline
TC Energy will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President...
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Saudi Arabia and other OPEC+ producers sign oil output deal
Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal...
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RIL and BP invite bid for gas from KG-D6 block
Reliance Industries (RIL) and its partner UK’s BP on Wednesday invited companies to bid for incremental gas it plans to produce from the second-wave discoveries...
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Reliance and BP announce first gas from Asia’s deepest project
Reliance Industries (RIL) and BP announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east...
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Brent crude oil futures rose to under $50 a barrel on Friday
Brent crude oil futures rose to just under $50 a barrel on Friday as major producers agreed on a compromise to increase output slightly...