The race to make green hydrogen competitive is on

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Krauses | Bloomberg | Getty Images Siemens Energy and Air Liquide have announced plans to set up a joint … Read more

Oil giant Aramco reports record first quarter as oil prices soar

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. The Saudi Arabian behemoth said net income rose 82% to … Read more

UK Conservatives lose London strongholds, in blow to Johnson

Britain’s governing Conservatives suffered losses in their few London strongholds in local elections By JILL LAWLESS Associated Press May 6, 2022, 8:05 AM • 4 min read Share to FacebookShare to TwitterEmail this article LONDON — Britain’s governing Conservatives suffered losses in their few London strongholds in local elections, according to results announced Friday that … Read more

UK votes in local polls dominated by cost-of-living crisis

People in Britain are voting in local elections that will decide the makeup of local authorities across the country — and possibly the fate of embattled Prime Minister Boris Johnson By JILL LAWLESS Associated Press May 5, 2022, 9:15 AM • 3 min read Share to FacebookShare to TwitterEmail this article LONDON — People in … Read more

Highest quarterly profit since 2008 on strong oil prices

Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help UK households with … Read more

Bumper first-quarter net profit, massive loss on Russia

BP has further boosted returns to shareholders after net profit jumped to its highest level in more than a decade. Chris J Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. The … Read more

Oil major Shell to write off up to $5 billion in assets after exiting Russia

Royal Dutch Shell products in Torzhok, Russia. Andrew Rudakov | Bloomberg | Getty Images Shell has announced that it will write off between $4 and $5 billion in the value of its assets after pulling out of Russia following the country’s unprecedented invasion of Ukraine. Thursday’s announcement offers a first glimpse at the potential financial … Read more

TotalEnergies won’t work with Putin, refuses to write off Russian assets

The CEO of TotalEnergies on Saturday defended the company’s refusal to fully exit Russia, but said it would never do business with President Vladimir Putin again. Speaking to CNBC’s Hadley Gamble, Patrick Pouyanne, chairman and CEO of TotalEnergies, said he was not prepared to write off the company’s assets in Russia as it would effectively … Read more

Baker Hughes joins oil rivals in pausing Russian operations

Baker Hughes, a major US oil services company, added its name Saturday to the growing list of US companies that are pulling back from Russia in response to Moscow’s war against Ukraine By ANNE D’INNOCENZIO AP Business Writer March 19, 2022, 10:39 PM • 3 min read Share to FacebookShare to TwitterEmail this article NEW … Read more

Petrol prices near me: Where to find the cheapest fuel in Sydney

The cost of petroleum is pricing Australians off the roads. Here’s where you’ll find the cheapest fuel. Motorists are paying an average of $2 a liter for petroleum as global oil prices continue to surge in response to the Russia Ukraine war. Australia joined our major allies in the United States and United Kingdom last … Read more