Companies

Global technology major Siemens Energy, in collaboration with Dubai Electricity and Water Authority (Dewa) and Expo 2020 Dubai, has announced the opening of the first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa region. Located at Dewa’s Outdoor Testing Facility of the Research and Development …

BP Plc has started a recruitment campaign for the people who will drive its expanding clean energy ambitions. The London-based oil and gas company is looking to fill 100 offshore-wind jobs in the U.K. and the U.S., a figure which could double by the end of the year. The recruitment …

Oil giants Eni and BP have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas, and LNG interests in the country. The companies believe that combining their efforts in a new joint venture company would …

BP is in advanced talks to sell its 28 per cent interest in the Shearwater field in the UK North Sea to Tailwind Energy, an explorer backed by trading house Mercuria Energy Group, people familiar with the matter said. The companies may reach an agreement in the coming days, sources …

Higher oil prices this year are helping Saudi Arabia to reduce its budget deficit which soared with the oil price collapse last year. But the Kingdom and its de facto ruler, Crown Prince Mohammed bin Salman, need more than oil revenues to continue carrying out the ambitious Vision 2030 plan …

GE Renewable Energy and Toshiba Energy Systems and Solutions have signed a strategic partnership to localize critical phases of the manufacturing process of GE’s Haliade-X offshore wind turbine and to support its commercialization. Based on the long-lasting relationship between GE and Toshiba in Japan and beyond, this strategic agreement will …

Shell Offshore, a subsidiary of supermajor Shell, has made a ‘significant’ oil discovery in the deepwater region of the U.S. Gulf of Mexico. Shell said on Tuesday that it made a discovery of more than 600 feet (183 meters) net oil pay at multiple levels at the Leopard prospect. The …

French energy group Total has started production at its Angolan Zinia Phase 2 project, which has estimated resources of 65 million barrels of oil, it said on Thursday. Total added that the development of the project was carried out according to schedule and for capital expenditure more than 10% below …

Italian energy company ENI is considering spinning off its combined retail power and renewable energy activities through a public listing next year or selling a minority stake in them to capitalize on buoyant market conditions, it said 30 April in its quarterly earnings. The announcement comes less than a year …

Europe’s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic era slump in fuel demand behind them. Last year’s demand collapse forced BP, Royal Dutch Shell and Equinor to slash their dividends and preserve …