Banks suggests Saudi Aramco overvalued
Industry
Oil giant Saudi Aramco may be worth US$1.5 trillion or less, well below the target set by Saudi Arabia, according
Industry
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Shell shares slump as oil prices fall
Industry
Royal Dutch Shell has reported a 15-per-cent fall in profits for the third quarter, amid lower oil prices and the
Tiny Saudi Aramco float expected this month
Industry
Saudi Arabia says it will launch the float of its state-owned oil firm this month after heavily scaling back plans
US coal giant seeks bankruptcy protection
Industry
The largest private US coal company is seeking bankruptcy protection despite receiving a series of regulatory boosts under Donald Trump.
BP to build plastic recycling factory
Industry
BP says it will build a pilot plant for recycling plastics at its refining complex in Illinois to address the issue
Halliburton braces for profits slump with job cuts
Industry
Houston-based Halliburton is bracing for a prolonged slump in demand for hydraulic fracturing services in the United States and Canada
Oil trader pays Swiss fine over African bribes
Industry
The energy trading firm, the Gunvor Group, is due to pay US$95 million to end an investigation by the Swiss
Russia looks to ditch dollar for energy deals
Industry
Russia’s economic minister, Maxim Oreshkin, says Moscow is considering using alternatives to the US dollar for energy transactions and exports
France’s EDF poised to replace Flamanville reactor cover
Industry
French utility EDF says it is ready to replace the steel cover of its crisis-ridden Flamanville 3 reactor vessel (pictured)
Cyprus buys Israeli drones to monitor Turkey’s drilling
Industry
Cyprus is planning to use four Israeli drones to monitor Turkey drilling operations in Cypriot waters, according to the defence
BP promotes upstream chief to replace Dudley
Industry
BP CEO Bob Dudley, 64, will retire in 2020 after almost a decade in charge and be replaced by a
Ireland eyes ‘green’ gas to cut emissions
Industry
Renewable gas could significantly help cut Ireland’s emissions, according to Gas Networks Ireland (GNI) boss Denis O’Sullivan. The Irish government
Giant Volkswagen diesel scandal case opens in Germany
Industry
A German court has opened proceedings for around 470,000 consumers aiming to claim compensation from Volkswagen for cars affected by
UK watchdog warns of misleading renewable claims
Industry
Energy suppliers failing to generate or directly produce renewable energy risk misleading customers by claiming they are “100-per-cent renewable”, a
Saudi Aramco to push ahead with IPO despite supply chaos
Industry
Saudi Aramco is reportedly continuing plans for its initial public offering (IPO) with banker meetings due this week after it