BP: The Era of Oil-Demand Growth Is Over

BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on …

Read More »

Apple to Construct Onshore Wind Turbines in Denmark

Technology giant Apple plans to invest in the construction of two 200m-tall wind turbines in Denmark, some of the world’s largest onshore turbines. The turbines will be located near the Danish town of Esbjerg, and could produce 62GWh of clean energy per year. This would power 20,000 homes. The turbines …

Read More »

Schlumberger Sells U.S. Fracking Business

The world’s largest oilfield services provider, Schlumberger, is selling its North American fracking business to Liberty Oilfield Services for a minority stake in a new combined company after the oil price crash crushed the U.S. shale patch’s fracking activity. Schlumberger has agreed to combine its onshore hydraulic fracturing business in …

Read More »