BP’s (LON: BP.) CEO Bernard Looney and his restructuring plans

• January 05, 2021 02:43 PM GMT
• Kunal Sawhney

Summary Getech has secured a multi-year licence agreement with a national energy company for its product -- Globe The agreement is expected to add £563,000 to Getech's current orderbook The Group is seeking new avenues to diversify into ...

• December 11, 2020 08:03 AM GMT
• Team Kalkine

Summary The oil giant will supply additional renewable energy to Amazon to power its European operations It will be trebling its renewable power usage for delivering this electricity through its wind projects located in Sweden and Scotland ...

• December 10, 2020 09:04 AM GMT
• Team Kalkine

Summary Three top executives of Royal Dutch Shell from different renewable energy business segments have resigned weeks prior to the company’s announcement of its strategy for the energy transition. The pandemic outbreak has led to a mass...

• December 08, 2020 02:19 PM GMT
• Hina Chowdhary

Summary BP will be increasing its investments in middle eastern oil and gas fields from 2021. The main reason for the announcement seems to be the very low capital cost, operating cost, and production efficiency the middle- East region offers t...

• December 03, 2020 01:00 PM GMT
• Kunal Sawhney

Summary Major European oil conglomerates are eyeing increasing their investment in the snacks and groceries at their retail outlets Shell is planning to expand the footprint of its retail networks by more than 20 per cent to 55,000 locations gl...

• December 03, 2020 09:39 AM GMT
• Hina Chowdhary

  Zephyr Energy PLC had provided an update on its Paradox project where it is preparing to begin with the drilling of the 'dual-use' State 16-2 well before the end of this year. The company made an announcement that it has been granted with ...

• December 02, 2020 03:07 AM GMT
• Kunal Sawhney

As a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH...

• December 01, 2020 02:21 PM GMT
• Team Kalkine

Summary The company has written down the value of its natural gas assets by $17 billion and also slashed its capital spending to a 15-year low. The company has been facing a severe demand crunch since the pandemic outbreak, which has scaled dow...

• December 01, 2020 07:27 AM GMT
• Team Kalkine

Summary Shell is going to face a Dutch court in a climate case filed by environmentalists and human rights organisations The environmentalists have demanded that the company should slash its reliance on fossil fuels Shell has pledged to cut do...

• November 28, 2020 08:17 AM GMT
• Kunal Sawhney

Oil and gas major Royal Dutch Shell plc (LON: RSDA) is planning to permanently shutdown its 211,146 bpd Convent refinery in Louisiana by early next week. On 5 November, the company had announced that it would be closing the refinery as it had faile...