Energy

Fourth-quarter profit of $10 bln beats estimatesShell to repurchase $4 bln in sharesShares up 2.5% by 1002 GMTLONDON, Feb 2 (Reuters) - Shell (SHEL.L) delivered a record $40 billion profit in 2022, the energy giant said on Thursday,…

Countries worldwide have pledged to reduce their energy usage and reach net-zero energy targets by 2050. To get there, they will need to find clever ways to decarbonize especially dirty businesses, including the buildings sector.…

Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.Bloomberg | Bloomberg | Getty ImagesNorway's sovereign wealth fund on Tuesday reported a record loss of 1.64…

I always like to get in my energy predictions in early January, so this is a bit later than normal.Last year’s predictions were especially tough, because Russia’s invasion of Ukraine really upended the energy markets. The…

At the entrance to the old munitions factory, a pair of ornamental lions stand guard, each with a stone paw resting on a cannonball. The Coryton complex in Essex dates back to 1895, and its use has changed over the years. Behind the…

Comment on this storyCommentRussia spent almost 50 years building its energy market in Europe. President Vladimir Putin destroyed it in under 50 weeks. Finding a replacement will be almost impossible.While Russia has found alternative…

Four international companies — with an estimated US$ 2bn (Rs 729bn) worth of wind energy projects stuck in limbo for over two years — have sought an urgent meeting with President Ranil Wickremesinghe to break the impasse. In a…

Close-up of the desalination and liquid natural gas export infrastructures in Qatar. Credit: Thomas Anselain, Essam Heggy, Thomas Dobbelaere & Emmanuel HanertA maritime area three times the size of the city of London holds the…

A market rally on Friday accentuated by rips higher in some battered and bruised technology stocks that faltered last year are making this year's price action look a lot like 2021's rally.Beaten-down names including Tesla (TSLA), Carvana…

Services inflation is tough to stamp out, and it has taken over inflation. Powell will be talking about it. By Wolf Richter for WOLF STREET. The different components of the PCE price index is what the Fed holds up when it details…