Equinor makes its 6th Norwegian oil discovery of 2021
Equinor (EQNR.OL) has made an oil discovery estimated to hold up to 62 million barrels of crude off the coast of Norway, the energy major said on Monday. The discovery,…
Supply problems beset Swiss manufacturing
Rising purchase prices and longer delivery times are still posing major challenges for the Swiss manufacturing sector, data from the procure.ch Purchasing Managers’ Index (PMI) showed on Monday. The seasonally…
Climate finance could make or break the COP26 summit. Here’s why
At the U.N. climate conference, expect one theme to drown out the cacophony of pledges from countries and companies around the world: money. The COP26 summit, which began on Sunday…
Austria’s OMV mulls split into energy and chemicals businesses
Austria’s OMV (OMVV.VI) is drawing up plans to split into separate energy and chemicals businesses, Kurier newspaper reported on Saturday, adding that the company’s board had not yet reached a…
China’s factory activity grows, but input costs weigh
China’s October factory activity grew at its fastest pace in four months as new orders rose and disruptive power shortages started to ease, but input costs remained high while export…
World leaders seek ways to strengthen global supply chains
U.S. President Joe Biden and 16 other world leaders on Sunday discussed action to make supply chains more resilient in the face of any future health crises, as well as…
Chevron completes maintenance at Wheatstone LNG plant in Australia
Chevron has completed maintenance at its Wheatstone liquefied natural gas (LNG) plant in Western Australia, a senior company executive said. The planned maintenance was completed in October after starting in…