Royal Dutch Shell Plc reduced its debt burden in the first quarter, with profit rising by more than expected due to the recovery in global oil and gas markets. As investors demand higher returns, Shell […]
New York: Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from bitcoin mining for particular […]
Federal Trade Commission acting chairwoman Rebecca Kelly Slaughter and commissioner Rohit Chopra said the commission continued to investigate the transaction and had “significant competitive concerns in hundreds of local retail gasoline and diesel fuel markets […]
Despite OPEC+ output reductions and the extra 1 million barrels per day (bpd) voluntarily cut by Saudi Arabia that lowered the Kingdom’s crude oil output to around 8 million bpd in February and March (the […]
Taipei, 12 May (Argus) — South African bank Nedbank has halted all direct funding of new oil and gas exploration projects as part of its commitment to align its business with the Paris climate agreement’s […]
KYIV: Ukraine has imposed control on retail petrol and diesel fuel prices in an attempt to halt rising inflation, the government said on Tuesday. The oil products were added to the list of socially important goods and retailers must […]
Sovereign wealth funds are upping their investments in the energy transition. The custodians of national wealth invested $2.3 billion in 2020 in sectors important to combating climate change, including forestry, renewable energy and so-called agritech, […]
Two oil-and-gas producers that operate in Colorado— Bonanza Creek Energy Inc. BCEI -1.32% and Extraction Oil & Gas Inc. XOG 1.12% —plan to announce Monday that they are combining into a company valued at about $2.3 billion. The all-stock, no-premium merger of companies that produce […]
CALGARY, Alberta, (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced a net loss attributable to common shares for first quarter 2021 of $1.1 billion or $1.11 per […]
PITTSBURGH, — EQT Corporation (NYSE: EQT) announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which EQT will acquire all of the membership interests in Alta’s upstream and midstream subsidiaries […]
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