12:07 p.m. April 8, 2021
Here's what to know as Harbour Energy becomes London's top independent oil-and-gas group With a market capitalization of nearly $5.50 billion, the company formed from the merger of Premier Oil and Chrysaor Holdings is now the largest independent oil-and-gas group in the British exchange.
10:13 p.m. Feb. 15, 2021
BP and Chevron Have Made a Landmark Bet on This New Form of Clean Energy
Eavor has developed a new form of geothermal energy that promises to be scalable, predictable, and constant.
11:53 a.m. Dec. 3, 2020
Shell’s Cash Flow Story Is ‘Too Good to Ignore.’ It’s Time to Buy the Stock, Says Bernstein.
Royal Dutch Shell was upgraded to outperform at Bernstein. It’s all about dividends and cash flow, say the analysts.
5:53 a.m. Sept. 24, 2020
Wyoming, Alaska and North Dakota face years of budget shortfalls as demand for fossil fuels declinesWyoming is forecasting a 29% shortfall in its General Fund in fiscal years 2021-22. Alaska is projecting an estimated 18% budget deficit in fiscal 2021.
6:55 a.m. Sept. 22, 2020
Airbus Unveils Plan for Zero-Emissions Aircraft. The Company Has Far More Immediate Concerns.
The plane maker has been hit hard by the fall in demand due to the coronavirus pandemic, and its chief executive signaled that job losses may be on the horizon.
7:30 a.m. Sept. 14, 2020
BP Says Oil Demand May Have Peaked. That’s Not Bad For Investors.
BP projected Monday that global oil demand may have already peaked, marking the latest development in the supermajor’s strategy to transition away from fossil fuels to renewable energy.
5:10 a.m. Aug. 21, 2020
- By Tomi Kilgore
Gevo's stock sinks on heavy volume, after share offering announcement in wake of previous day's rocket rideShares of Gevo Inc. plunged 20% in premarket leading volume Friday, after the the renewable gasoline and fuel company took advantage of a more-than tripling in price in the previous session to announced a share offering. Trading volume was 35.2 million shares ahead of the open, compared with the full-day average of 37.4 million shares. The company said it reached a deal with investors to sell 38.46 million shares at $1.30 a share, which is 28.6% below Thursday's closing price of $1.82. The stock had rocketed 232.7% on volume of 991.1 million shares on Thursday, after the company said it entered into a renewable hydrocarbons purchase and sale agreement with a Trafigura Group Pte Ltd., which brings Gevo to over $1.5 billion of revenue in long-term contracts. The stock has still lost 21.2% year to date through Thursday, while the S&P 500 has gained 4.8%.
4:06 p.m. May 31, 2020
Saudi Arabia's foreign reserves fall sharplyRIYADH -- Saudi Arabia's foreign reserves dropped sharply in April as the kingdom kept its peg with the U.S. dollar steady while transferring a chunk to its sovereign-wealth fund to bet on stocks beaten down by the coronavirus pandemic.
12:56 p.m. May 17, 2020
- By Rory Jones
Saudi sovereign-wealth fund invests in Facebook, Boeing, Disney Saudi Arabia bargain-hunts, putting billions more into stakes in U.S. companiesIn the coronavirus pandemic’s financial fallout, Saudi Arabia’s $300 billion sovereign-wealth fund has emerged as one of the world’s biggest bargain hunters, taking minority stakes worth billions of dollars in American corporations.