Ørsted to Sell European Onshore Business for $1.7 Billion
Ørsted, the world’s largest offshore wind developer, is selling its entire European onshore business as the embattled firm looks to strengthen its balance sheet after a major rights issue last…
Libya Signals a New Gas Push as Europe Searches for Supply
Libya will step up its natural gas production to be able to supply more of the commodity to Europe, the chairman of the national Oil Corporation said today, as quoted…
Devon, Coterra Sign ‘Blockbuster’ Merger Deal
In a joint statement released Monday, Devon Energy and Coterra Energy announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a “leading…
BP Shareholders Demand Proof That Fossil Fuel Pivot Will Pay
A group of institutional shareholders in BP, featuring pension funds and an activist investment outlet, has filed a resolution demanding details on how exactly the company’s return to its core…
India’s Russian Oil Dilemma Threatens to Shake Global Markets
The immediate suspension of crude oil imports from Russia on the part of India would present a major disruption for global oil markets, Moody’s warned today, following the announcement of…
U.S.-India Trade Deal Puts Oil and Russian Crude at the Core
President Donald Trump said on Monday that the United States and India have reached an agreement on a trade framework that cuts U.S. tariffs on Indian goods and commits New…
