RIL

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...
Shell LNG

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...
Chesapeake Energy job

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...
Exxon Mobil business

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...
BP station

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...
Shell LNG

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...
GE Power China

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...
TC Energy investment

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...
oil-drop-rev

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...
Reliance Industries and BP

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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