Companies

Lukoil ranked second with a brand strength score of 87.4 out of 100, while Gazprom was fifth with 85.9. Malaysia’s Petronas ranked first with 87.7, and the other companies in the top five were Brazil’s Petrobras and Thailand’s PTT. The relative strength of brands is determined through a balanced scorecard …

Saudi Aramco, the world’s largest oil-producing company, said on Sunday its shareholders have approved a board recommendation to increase capital. The boost will be by way of granting bonus shares through the capitalisation of 15 billion Saudi riyals ($4bn) from the company’s retained profits, Aramco said in a filing to …

Bosch is planning not only to use green hydrogen but also to be one of the companies producing it. To do so, Bosch is branching out into the development of components for electrolyzers, which use electrolysis to split water into hydrogen and oxygen. “We cannot afford to delay climate action …

French energy major TotalEnergies has started construction of the Eolmed project, operated by Qair and in which TotalEnergies has a 20 percent stake. This 30 MW project is located some 12 miles off the coast of Gruissan and Port la Nouvelle. The start of production is expected by 2024. The …

Saudi Aramco has dethroned Apple as the world’s most valuable company as surging oil prices drive up shares and tech stocks slump. The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was valued at $2.42 trillion based on the price …

Hyundai Motor Group will construct a liquefied natural gas (LNG) cogeneration facility inside its automotive manufacturing plant in Ulsan to secure a stable power supply while reducing energy consumption and greenhouse gas emissions. According to the carmaker on Monday, it plans to digest over 70 percent of annual electricity used …

Gazprom PJSC, a Russian state-owned energy company, has written to its European customers to reassure them that they can continue to pay for gas without breaching sanctions. This comes after European Commission proposed a total ban on Russian oil imports to the European Union. The EU’s planned ban on Russian …

Shell Plc is reportedly in discussions over the sale of Shell Neft, its chain of retail fuel stations in Russia, as part of its exit plan in the aftermath of Russian President Vladimir Putin’s invasion of Ukraine, Bloomberg reported on Friday. “We can confirm the ongoing negotiations on the sale …

Chinese fuel demand will continue to expand this year, despite COVID lockdowns and weak economic data for April, says PetroChina, the country’s biggest oil and gas refiner. “With the improvement of the COVID situation, refined product inventory is now showing a downturn,” Reuters quoted Ren Lixin, vice president of PetroChina, …

A refinery owned by French supermajor TotalEnergies in Germany is expected to continue importing Russian crude oil via pipeline at least through the end of this month, sources familiar with the matter told Reuters on Tuesday. The 240,000-barrels-per-day refinery Leuna in eastern Germany is one of two facilities in Germany …