Saudi Aramco raises $6 billion with debut sukuk
Saudi Arabian oil giant Aramco (2222.SE) locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first Continue Reading
Indian state sharply raises COVID-19 death toll prompting call for wide review
An Indian state has raised its COVID-19 death toll sharply higher after the discovery of thousands of unreported cases, lending weight to suspicion that India’s overall death tally is significantly Continue Reading
India’s second wave is waning. But authorities are already bracing for the next one.
Two months ago, the Lok Nayak Jai Prakash Narayan Hospital in India’s capital was a battlefield. Every one of its 1,500 beds for coronavirus patients was full. It came perilously close to Continue Reading
ExxonMobil announces new discovery offshore Guyana at Longtail-3
Liza Phase 2 production startup slated for early 2022 Six drillships active in the Stabroek block Liza crude exports heading to China, Netherlands ExxonMobil said June 9 it made a Continue Reading
China Tempers Climate Change Efforts After Economic Officials Limit Scope
China’s top economic planners have put the brakes on attempts by environmental officials to reduce carbon emissions as driving growth takes priority over meeting climate targets for now, according to Continue Reading
Samsung Heavy to partner with KAREI to develop molten-salt reactor floating power plants and nuclear-powered ships
Samsung Heavy Industries (SHI) is making a full-scale effort to develop offshore nuclear power plant technology. SHI has signed a Molten-Salt Reactor (MSR) development and joint research agreement with the Continue Reading
U.S. Is Awash With Gasoline in ‘Lumpy’ Rebound From Pandemic
American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still Continue Reading
Texas Renewables Defy GOP Backlash With $20 Billion in Projects
Four months after the failure of the Texas electric grid sparked a backlash against clean power, investors and developers have decided just what the state needs: more renewable energy. Much Continue Reading
Eying deal, GM softens on tough standards for car pollution
The nation’s largest automaker said Wednesday it can support greenhouse gas emissions limits that other car manufacturers negotiated with California — if they are achieved mostly by promoting sales of Continue Reading
U.S. Retail Sales Forecast Rises Sharply as Covid-19 Restrictions Ease
U.S. lockdowns have lifted and shopping is back. The National Retail Federation said Wednesday it expects retail sales to jump between 10.5% and 13.5% to more than $4.44 trillion this year Continue Reading