Fri, 02-Dec-2022

Oil & Gas Industry

Centrica Agrees to Sell its Direct Energy to NRG Ene...

Centrica plc today announced that it has entered into an agreement to sell its North American energy supply, services and trading business, Direct Energy, to NRG Energy, Inc. for $3.625 billion in cash (equiva... July 24, 2020 11:28 am By Neha Mule

PipeChina to Take on $56 Billion of Pipelines to Boo...

China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion). ... July 24, 2020 9:55 am By Neha Mule

CleanDesign Selects LAVLE Proteus Energy Storage Sys...

LAVLE announced that CleanDesign Power Systems Inc. (CleanDesign), has selected the LAVLE Proteus Lithium-Ion Battery Energy Storage System (Proteus ESS) for inclusion in its hybrid power management system fo... July 20, 2020 11:08 am By Neha Mule

Vaccine Hopes Give Global Stocks, Euro and Oil Shot ...

World shares climbed towards a four-month high on Wednesday with the euro and oil in tow, as hopes for a coronavirus vaccine offset rising tensions between the United States and China. Asia had a chopp... July 15, 2020 10:01 am By Neha Mule

Oil Down as U.S. Virus Spike Stokes Demand Worries

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel demand. Brent crude LCOc1 futures declined by 44 cents,... July 7, 2020 10:48 am By Neha Mule

Oil Prices Gain on Fall in U.S. Crude Stockpiles

Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. ... July 2, 2020 12:54 pm By Neha Mule

Shell to Write Down up to $22 Billion After Coronavi...

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook. The impairments follow... June 30, 2020 12:01 pm By Neha Mule

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