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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, just north of the Tyrihans field and west of the Read more
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 adjusted manufacturing PMI slipped to 65.4 points in October from Read more
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 in Glasgow, will attempt to complete the rules to implement Read more
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 decision on the proposal. A company spokesperson declined to comment Read more
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 orders declined further, a private survey showed on Monday. The Read more
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 climate change and even planned attacks. Supply chain problems have Read more
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 the third quarter of this year, Chief Financial Officer Pierre Read more