83.3 F
New York
June 6, 2021


Saudi Aramco private investment plan voluntary, not state imposed, says CEO

LONDON, March 31 (Reuters) – Saudi Aramco said on Wednesday the government had no plans to impose private partnerships on the oil giant, after it launched a programme to support private investment in the kingdom as part of Saudi Arabia’s diversification push. “This is a voluntary programme. It’s on the......

China’s Sinopec raises 2021 capital expenditure by 23.8%

BEIJING (Reuters) – China Petroleum & Chemical Corp, better known as Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and energy demand as the COVID-19 epidemic subsided. Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on......

Petchem giant Dow braces for ‘high impact’ from climate change: executive

By Florence Tan, Gavin Maguire SINGAPORE (Reuters) – Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week. FILE PHOTO: The Dow logo is seen on a building......

Occidental Petroleum posts larger quarterly loss on asset sale

HOUSTON (Reuters) – Occidental Petroleum Corp on Monday posted a larger-than-expected fourth-quarter loss despite higher oil and gas prices as an asset sale weighed on results. FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More