Summary Wood Group extended its revolving credit facility till May 2023. Due to considerable financial headroom and liquidity positions, Wood Group recognised the need for a lesser debt. Wood Group (John) plc (LON: WG.) recently announced ...
Summary Shell and BP shares have dropped significantly during the first week of October with a sudden spike in Covid-19 cases With the onslaught of the pandemic, governments and environmental activists are pushing for lesser carbon emissions ...
Summary In early October 2020, the share prices of BP and Shell hit their lowest levels in 25 years. Recent increase in Covid-19 infections globally has fueled fears of a fall in demand for energy. Lower demand for oil has resulted in considera...
Summary The management of Premier Oil Plc under the pressure of heavy debt and mounting pressure from creditors has agreed to be taken over by privately held Chrysaor Holdings Ltd. The deal paves the way for Chrysaor Holdings Ltd to have an ind...
Tech unicorn Octopus Energy Ltd., a pioneer in the sustainable energy sector, has announced its plans to create a new technology hub focusing on data science and artificial intelligence (AI) headquartered in Manchester. The company official...
Summary San Leon Energy extended the proposed investment date in Decklar Petroleum and Oza Field to 31 October 2020. It would provide a conditional loan of USD 7.5 million to Decklar Petroleum Limited, and it would also acquire a 15 percent equ...
Summary The poor stock performance of Tullow Oil Plc has come despite strong revenue performance reported by the company in the first half of 2020. The major reason that has been responsible for the poor stock performance during the year is the...
Summary The shares of the company touched their lowest value on 29 September 2020 since October 1995 The dip has been caused by the company’s Net Zero transition plan, which was recently presented by CEO Bernard Looney. The British oil m...
Summary Around 560 leading global companies have requested the governments to act on reversing the fast destruction of nature and fight against climate change. Many companies said that the policy measures by the governments would strengthen the...
Summary Airbus unveiled three types of aircraft designs under its ZEROe strategy: turbofan, conventional turboprop, and a futuristic blended body. British oil and gas major Royal Dutch shell has announced that it is looking at cutting up to 40 ...
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