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Oil gas
What significant factors led AFC Energy to receive its first commerc...
March 02, 2021 02:23 AM AEDT | By Team Kalkine MediaSource: Alexander Kirch, Shutterstock Summary AFC Energy PLC had not reported any revenue during FY20 ended on 31 October 2020. AFC had reporte...
Why Has Royal Dutch Shell Plc Acquired A Little-Known German Company
February 27, 2021 02:28 AM AEDT | By Team Kalkine MediaSource: Robert Lucian Crusitu, Shutterstock Summary Royal Dutch Shell Plc to acquire German virtual power plant operator Next Kraftwerke. The v...
Why oil prices have spiked to pre-pandemic highs of more than US $60...
February 18, 2021 01:50 AM AEDT | By Kunal Sawhney Summary Oil prices rose above US $60 a barrel due to a US storm casting a deep freeze across the country, thus prolo...
Why is Shell increasing push towards net zero emissions?
February 12, 2021 08:23 PM AEDT | By Kunal SawhneySummary Royal Dutch Shell pledged to achieve net zero emissions by 2050 driven by growth in its customer-facing businesses. The oil giant reported...
BP Ventures into UK Windfarm Sector with Giant Irish Sea Project
February 09, 2021 02:54 AM AEDT | By Kunal SawhneySummary BP announces a formal entry into one of the world’s best offshore wind markets. The wind energy plant co-developed by BP and EnBW is...
EnQuest to buy Suncor’s North Sea Golden Eagle stakes for £240 milli...
February 05, 2021 09:09 PM AEDT | By Team Kalkine MediaSummary EnQuest is set to buy a 26.69 per cent stake of Canada-based firm Suncor Energy's for £240 million (US $325 million) for its Golden E...
BP Flags $5.7 Billion Loss as Pandemic Led to Lessened Oil Demand
February 03, 2021 02:37 AM AEDT | By Kunal SawhneySummary The Footsie-listed oil major incurred its first full-year financial loss of $5.7 billion in a decade. BP has written-off its oil and gas a...
What are the recent developments made by ITM Power on its world’s fi...
January 30, 2021 01:40 AM AEDT | By Kunal SawhneySummary ITM Power Plc had reported a revenue decline of 92% during H1 FY21 ended on 31 October 2020. The Company had a cash balance of &poun...
What factors led Tullow Oil to forecast a 16% drop in the oil produc...
January 29, 2021 12:28 AM AEDT | By Team Kalkine MediaSummary Tullow Oil Plc had expected a full year FY20 revenue of USD 1.4 billion. The average realized oil price was estimated as USD 50.8/bbl duri...
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Shell (LON: RDSA) To Buy Electric Car-Charging Company Ubitricity
January 27, 2021 04:58 PM AEDT | By Team Kalkine MediaSummary The FTSE 100-listed oil major has decided to buy UK's largest electric-vehicle charging network Ubitricity On-street charging network is c...
BP’s (LON: BP.) CEO Bernard Looney and his restructuring plans
January 25, 2021 08:09 PM AEDT | By Team Kalkine MediaSummary BP is aiming to cut down on fossil fuels and switch to renewable sources of energy by 2030. The oil and gas company had announced 10,000 j...
Royal Dutch Shell PLC (LON: RDSA) withdraws from the Altalto project
January 19, 2021 03:22 AM AEDT | By Kunal SawhneySummary Shell stepped back from the waste-to-jet fuel project Altalto Joint Development Agreement, Velocys revealed. The Immingham Altalto project...
Total (EU: CA) acquires 20% minority stake in Adani Green Energy
January 18, 2021 10:18 PM AEDT | By Kunal SawhneySummary French oil and energy major Total SE has acquired 20 per cent stake in Adani Green Energy The French oil major aims to gene...
Royal Dutch Shell PLC (LON: RDSA) to cut 330 jobs
January 14, 2021 12:27 AM AEDT | By Kunal SawhneySummary The Anglo-Dutch oil giant said that it is planning to shed a quarter of its workforce for its North Sea business by December 2022 The slas...
Getech Group (LON: GTC) Signs Multi-Year Licence Agreement for Its P...
January 06, 2021 01:43 AM AEDT | By Kunal SawhneySummary Getech has secured a multi-year licence agreement with a national energy company for its product -- Globe The agreement is expected to add...
Why is BP (LON: BP) expanding renewable energy supply to Amazon?
December 11, 2020 07:03 PM AEDT | By Team Kalkine MediaSummary The oil giant will supply additional renewable energy to Amazon to power its European operations It will be trebling its renewable power u...
Top Executives at Royal Dutch Shell (LON: RDSA) Quit Over Green Tran...
December 10, 2020 08:04 PM AEDT | By Team Kalkine MediaSummary Three top executives of Royal Dutch Shell from different renewable energy business segments have resigned weeks prior to the company’...
BP (LON: BP.) To Expand Its Oil Production in the Middle East
December 09, 2020 01:19 AM AEDT | By Hina ChowdharySummary 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...
Shell (LON: RDSA), BP (LON: BP.) Banking on Retail Network for Boost...
December 04, 2020 12:00 AM AEDT | By Kunal SawhneySummary Major European oil conglomerates are eyeing increasing their investment in the snacks and groceries at their retail outlets Shell is plann...
Zephyr Energy (LON: ZPHR) granted final approvals for its State 16-2...
December 03, 2020 08:39 PM AEDT | By 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...
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