Oil Wavers After Dismal Week
Oil prices were little changed in Europe after they slipped following the latest EIA data that showed a surprise build in U.S. crude inventories.
California Utilities Hope Drones, AI Will Lower Risk of Future Wildfires
Artificial intelligence may be able to spot fire risks created by faulty distribution and transmission equipment, utilities say.
Oil Major BP Gives a Taste of How It Will Go Green
A deal to buy into wind farms off the coast of New York and Massachusetts showcases the British company's ambitions in the clean-energy sector-and the risks it is taking.
Oil Traders Gird for More Price Swings
Traders are betting on fresh upheaval in the oil market, in an abrupt turnaround from the calm of recent months.
Why Wildfires Are So Bad This Year in California, Oregon and Washington
The American West is facing one of the most dangerous and overwhelming fire seasons in history due to high temperatures, strong winds, dry forests and lightning storms.
BP Expands U.S. Offshore Wind Presence
BP has agreed to pay $1.1 billion for some of Equinor's U.S. assets as part of a deal with the Norwegian group to develop offshore wind projects in America.
Quantum Energy Partners Hires Its First CTO
Sebastian Gass worked for the past 13 years at energy company Chevron Corp., where he was general manager for technology and strategy. He began his career in California at German software giant SAP AG and worked at other software companies before joining Chevron.
Blackstone's Energy Alloys Files for Bankruptcy
The bankruptcy involves the U.S. and Canadian operations of a private-equity-backed company that also does business in Asia, Europe and the Middle East providing carbon, alloy, stainless steel and nickel solid bar and tube-based products to global oil-field service manufacturers.
Sasol Offloads Oxygen Plant to Air Liquide
Sasol has agreed to sell its air separation business, which includes the biggest oxygen production site in the world, to Air Liquide for $512 million.
Tullow Oil Faces Possible Cash Crunch
Tullow Oil shares fell more than 10% after the company warned it could face a liquidity shortfall by April 2022, and would need to negotiate a financial restructuring with its creditors to continue trading.
