Posted in Big Business Energy Latest

Occidental posts $8 billion loss, outlines oil production cuts

(Reuters) – Occidental Corp (OXY.N) on Monday posted a $8.35 billion second-quarter loss on lower…

More
Posted in Energy Latest

Saudi Aramco vows to pay $75 billion dividend this year

(Reuters) – Saudi Aramco still plans to pay $75 billion in dividends this year, the…

More
Posted in Big Business Energy Latest

Exxon appoints Richard Laing as Chairman, CEO of Nigerian business units

ExxonMobil has announced the appointment of Richard Laing as chairman and managing director of its…

More
Posted in Big Business Energy Latest

Chevron ordered to inspect propane kettles at Gorgon LNG plant in Australia

(Reuters) – Chevron Corp (CVX.N) was ordered on Friday to inspect the propane heat exchangers…

More
Posted in Big Business Energy Latest

BP to sell large chunk of oil assets

(Reuters) – BP (BP.L) is preparing to sell a large chunk of its oil and…

More
oil
Posted in Energy Latest

U.S. Oil Inventory Fell by 7.4 Million Barrels: EIA

Investing.com — U.S. oil stockpiles declined by more than expected for a second-straight week, according…

More
BP
Posted in Big Business Energy Latest

BP cuts dividend by half in worry over debt pile

Michael Hewson of CMC Markets says BP’s dividend cut is ‘long overdue’, given its huge…

More
shell
Posted in Energy Latest

Shell writes down Nigerian oil assets in the midst of OPL 245 scandal

(Reuters) – Royal Dutch Shell said on Thursday its second-quarter writedowns include the OPL 245…

More
Ochigufu field
Posted in Energy Latest

UK’s biggest pension fund, Nest is divesting from oil

The UK’s biggest pension fund, the government-backed National Employment Savings Trust (Nest) scheme with nine…

More
Posted in Energy Latest

Greta Thunberg foundation donates $100,000 to ActionAid, Bangladesh, others

Swedish teenage climate activist, Greta Thunberg has donated $100,000 prize money to humanitarian and climate…

More