B

Crude Oil

Oil Slides as U.S. Crude and Gasoline Stocks Surge

Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…

Crude Oil

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

Is Westinghouse $7bn Acquisition a Sign of Nuclear’s Revival?

Cameco Corporation and Brookfield Renewable Partners are forming a partnership to acquire US nuclear services business Westinghouse Electric Company, signaling …

Electric Car

GM Launches Energy Storage Business

GM Energy is aimed to provide a range of home, business and electric vehicle (EV) energy storage and charging products and services.

Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

Oil Pipeline

Shell Investigates in Nigeria After Report of Nine-Year Oil Theft

Oil major Shell's Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wedn…

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

Spain

Nordex Receives Order for 95 MW in Spain

End of September, the Nordex Group obtained an order to supply and install 16 N163/5.X turbines from the Delta4000 series.

Carbon Neutral

UK Professors Say Hemp Can Make Scotland’s Agricultural Sector Carbon-Neutral

Boosting hemp production in Scotland could bring “huge” environmental benefits to the agricultural sector, according to a new report.

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

Natural Gas

Russia Could Deliver Gas via Nord Stream 1, but Not Nord Stream 2 - Germany

Germany will not take Russian gas via the Nord Stream 2 pipeline, a government spokesperson said on Wednesday after Russian President Vladimir Putin offered to …

Switzerland

Swiss Pursue Home-Grown Energy Panacea - Reluctantly

Government wants to ramp up renewable energy output

Natural Gas

Gas Price Cap Deal Eludes EU Countries, for Now

The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark.

Net Zero Emission

Canada's Watchdog Launches Investigation Into RBC Over Climate Complaints

Canada's Competition Bureau has launched an investigation into Royal Bank of Canada (RY.TO) over allegations that the country's largest lender had misled custom…

Carbon Emissions

Exxon Signs With Top Ammonia Maker as Its First Client for Decarbonization Business

Exxon Mobil Corp's fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected multi-…