Blog
BP'S SECOND-QUARTER PROFIT MORE THAN DOUBLES TO TOP $5 BILLION ON OIL SURGE
The company is continuing to reshape its business by reducing its focus on renewable energy and strengthening its oil and gas operations.
- 1 week, 5 days
OIL FALLS AFTER TRUMP CANCELS ATTACK ON IRAN TO SEEK NUCLEAR DEAL.
Oil prices fell after U.S. President paused a planned attack on Iran, easing tensions and raising hopes for the reopening of the Strait of Hormuz.
- 1 week, 6 days
CHINA GENERATES LESS THAN HALF OF ITS ELECTRICITY FROM COAL FOR THE FIRST TIME.
China, the world's largest consumer of coal, generated less than half of its electricity from the fossil fuel during the first six months of the year through June, marking a historic milestone in its energy transition.
- 2 weeks, 3 days
SHELL PROFITS DOUBLE AS OIL PRICES SPIKE.
Shell has reported quarterly profits of $9.8 billion, more than double last year's figure, driven by higher oil and gas prices amid tensions in the Middle East. The company also announced a $3 billion share buyback, while environmental groups criticised its soaring profits and continued public support for carbon capture projects.
- 2 weeks, 3 days
U.S. SALE OF VENEZUELA'S OIL HITS $13 BILLION SINCE TRUMP'S TAKEOVER
President Donald Trump revealed on Monday that sales of Venezuela’s oil by his administration have generated more than $13 billion since the capture of former President Nicolás Maduro on January 3, claiming that the revenue has effectively “paid for that war many times over”.
- 2 weeks, 4 days
MALAWI INSTALLS FIRST UTILITY-SCALE BATTERY TO STORE SOLAR POWER.
Malawi has commissioned southern Africa's only utility-scale battery energy storage system outside South Africa and Namibia, marking a significant milestone in the country's efforts to strengthen its electricity network.
- 2 weeks, 5 days
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