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India

Ron Bousso

Exclusive: Shell launches major cost-cutting drive to prepare for energy transition

10:53pm IST

LONDON Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. | Video

Fossil fuel demand to take historic knock amid COVID-19 scars: BP

14 Sep 2020

LONDON Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.

Fossil fuel demand to take historic knock amid COVID-19 scars -BP

14 Sep 2020

* Renewable energy set to soar to up to 60% of primary energy

BP enters offshore wind with $1.1 billion Equinor deal

10 Sep 2020

OSLO/LONDON BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway's Equinor, a significant step by the oil firm towards its energy transition goals.

Second wave of floating storage triggered by ailing oil market

09 Sep 2020

LONDON A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.

Exclusive: Gazprom's GMT closes down crude, products trading desk

09 Sep 2020

LONDON Russian gas giant Gazprom's overseas trading arm, Gazprom Marketing and Trading (GMT), is closing down its crude oil and refined products trading desks as part of an ongoing cost cutting, two sources familiar with the development said.

EXCLUSIVE-Gazprom's GMT closes down crude, products trading desk

09 Sep 2020

LONDON, Sept 9 Russian gas giant Gazprom's overseas trading arm, Gazprom Marketing and Trading (GMT), is closing down its crude oil and refined products trading desks as part of an ongoing cost cutting, two sources familiar with the development said.

Big Oil's patchy deals record casts shadow over green makeover

01 Sep 2020

LONDON As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry's patchy track record on takeovers is a red flag for some investors.

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