CNBC Norsk Hydro and Northvolt have set up a joint venture that will focus on the recycling of both battery materials and aluminum from Norway’s electric vehicle sector. In an announcement Monday, battery manufacturer Northvolt said the venture, dubbed Hydro Volt, would set up a “recycling hub” in Norway, with operations there slated to begin in 2021. The hub, in
Oil & Gas While Saudi Arabia and other Gulf countries made additional cuts to their production, some nations lagged behind on their commitments Oil output from members of the Organisaation of Petroleum Exporting Countries (OPEC) hit the lowest amount in 20 years, according to a survey by Reuters. OPEC produced 24.77 million barrels per day (bpd) in May, down 5.91
Oil & Gas The extension is for BOC’s long-standing Iraq Crude Oil Export Expansion Project Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP). The confirmation of the contract extension is recognition of Petrofac’s successful seven-and-a-half-year track record of safe
TC Energy provides conversion right and dividend rate notice for Series 3 and 4 preferred shares
Pembina Pipeline Corporation Provides Notice of Series 19 Preferred Share Conversion Right and Announces Reset Dividend Rates
Shares of Sasol Surge as South Africa Eases Lockdown Restrictions
Reuters MOSCOW – China’s refiners have purchased a quarter of Russia’s Urals oil exports planned for June in the Baltic despite record high premiums for the grade due to a lack of sour barrels as result of the OPEC+ output cuts, traders said and shipping data showed. Rising demand for Russian barrels will likely make oil firms more reluctant to
PG&E Reminds Customers: Keep Balloons Secure During Shelter-at-Home Birthday and Graduation Celebrations
HollyFrontier Announces Expansion of Renewables Business
Georgia Power customers to see $21 reduction on June bills
Reuters DUBAI/MOSCOW – OPEC and Russia are moving closer to a compromise on extending current oil output cuts and are discussing a proposal to roll over supply curbs for one to two months, three OPEC+ sources told Reuters on Monday. OPEC+ decided in April to cut output by a record 9.7 million barrels per day, or about 10% of global
Bluware Signs New Agreement with BP to Support Innovative Deep Learning Workflow in Subsurface Data Interpretation
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