Companies

OPEC countries reached a landmark deal to diminish oil output starting from May 1, 2020. On April 12, members of OPEC and their allies, including Russia, announced that they had agreed to cut production by 9.7 million barrels a day in May and June 2020. After that, the group will …

Under the agreement, the two firms will focus on the development and usage of green hydrogen from renewable energy sources.

The firm has been put in charge of maintenance, inspection and survey of the battery technology in a bid to extend the service life of storage assets.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is engaged in an “active deliberation” of the Russian oil company Rosneft’s decision to sell its assets in Venezuela, OFAC Director Andrea Gacki said on Friday. “These reports on Rosneft’s acquisition or deal with PDVSA as well as …

The firm has activated its ‘pandemic plan’ to help maintain all elementary functions amid the crisis.

BP is joining forces with the US government, universities, and the world’s largest technology companies by providing access to its supercomputer to help researchers halt the spread of COVID-19. The company will donate its supercomputing capability to the public-private consortium formed in March 2020 by the White House’s Office of …

The decision to postpone comes in light of current restrictions on mobility due to the Covid-19 crisis.

Royal Dutch Shell on Thursday announced plans to deepen its greenhouse gas emissions reduction “ambitions”, including offsetting emissions from oil and gas production by 2050. Shell also expanded its broader aim to cut the total carbon emission footprint from energy products its sells by around 65% by 2050, and by …

Russia’s Gazprom is working to boost the capacity of its landmark gas pipeline to China — the Power of Siberia — as it looks to ramp up flows via the line. The pipeline, whose design capacity is 38 Bcm/year, started commercial flows at a rate of some 10 million cu …

The Gazprom Management Committee has taken note of information about the status of the Company’s major investment projects. Within the Eastern Gas Program, Gazprom continues to ramp up its production and gas transmission capacities. At the Chayandinskoye field in Yakutia, the Company is setting up the facilities required to bring …