Europe’s biggest oil firms are rushing to diversify their portfolios while expanding into green energy. Shell announced this week that it will begin selling electricity generated from renewable sources directly Continue Reading
Shell won official consent to develop the Jackdaw natural gas field in the UK North Sea, eight months after the country’s regulator blocked the project on environmental concerns. Shell Plc Continue Reading
The transaction is expected to close in the second quarter of this year. ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale Continue Reading
All three of Europe’s largest oil majors have reported their highest quarterly earnings in years, with their trading arms playing a key role. While none of Europe’s oil majors report Continue Reading
ExxonMobil continuing efforts to exit project Russian crude trading at significant discounts ExxonMobil’s Russian subsidiary Exxon Neftegas has declared force majeure for its Sakhalin 1 project, a spokesperson told S&P Continue Reading
U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
Chevron Corp (CVX.N) and the United Steelworkers union (USW) rejected each other’s proposals to end a month-long strike at the company’s Richmond, California, refinery, a union official said on Monday. Continue Reading
Chevron Corp (CVX.N) and the United Steelworkers union (USW) met on Monday to seek an end to a three-week-old strike by 500 workers at the company’s Richmond, California, refinery, a Continue Reading
Negotiators from Chevron Corp (CVX.N) and the United Steelworkers union (USW) are scheduled to meet on Monday to discuss a possible end to a strike at the company’s oil refinery Continue Reading
Oil major Shell and utilities Naturgy (NTGY.MC) and Verbund (VERB.VI) are preparing binding bids to buy renewable energy assets in Spain valued at about 1 billion euros ($1.1 billion), three Continue Reading
