Equinor on Thursday reported adjusted earnings of $5.47 billion in the quarter which is way above the $2.05 billion reported in the first quarter of 2020. Adjusted earnings after tax were $2.66 billion in the first […]
Output in the eight key infrastructure sectors rose to a 32-month high in March, helped by last year’s low base and double-digit growth in steel, cement, electricity and natural gas segments. But the surge in Covid infections is likely […]
Energy News Beat Publishers Note: (ENB): While being good stewards of the earth’s resources is a great thing. We need to look at the cost of kWh and the kWh per Acer numbers. People on […]
Sustained momentum in commodity prices will support the turnaround in the global Oil & Gas industry’s fundamental conditions and a positive global sector outlook through mid-to-late 2022, according to Moody’s Investors Service. “Pent-up consumer demand and a pickup […]
Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations. Several European energy companies, including Spain’s Repsol […]
Canada’s Imperial Oil Ltd posted a first-quarter profit and raised its quarterly dividend on Friday, bolstered by higher crude prices, as well as improved refining and chemical margins. Calgary-based Imperial, which is majority-owned by Exxon Mobil Corp, […]
Clean technology company Silverstream Technologies has announced that its pioneering air lubrication system, the Silverstream® System, has delivered significant fuel and emissions savings during testing on the Shell-chartered 170 000 m3 LNG carrier Methane Patricia Camila. Following operational […]
Vitol Group is buying Hunt Oil Co.’s Permian Basin business as the biggest independent crude trader makes a major move into the world’s busiest shale patch. The deal includes 44,000 acres across five counties in the […]
A fire broke out in one of the facilities at the Bazan oil refineries in Haifa as a result of a damaged pipe in the CCR system on Friday night, the Environment Protection Ministry reported in a […]
Austria’s top energy official told OMV AG it must start figuring out how to do business without fossil fuels now or risk losing its business in three decades. Transport and Energy Minister Leonore Gewessler delivered the unusually […]
Copyright © 2025 | Sandstone Group