Shell slashes dividend, freeing up US$10bn
Anglo-Dutch supermajor Shell has slashed its dividend by 66 per cent, the first time the company has cut cash distributions to shareholders since World War II
Industry
Increased investment in renewables vital for oil companies, says GlobalData
Following the release of Q1 results from several oil and gas companies, Ella Benson Easton, thematic analyst at data and analytics company GlobalData, has offered her view
Okeanus Science & Technology partners with SeaRobotics to offer ASVs
Okeanus Science & Technology (Okeanus), a provider of oceanographic rental equipment and turnkey survey systems, has announced a new partnership with SeaRobotics Corporation, a leading developer of unmanned marine systems, in a move to make Autonomous Surface Vehicles (ASVs) increasingly available for international rental
Increased fiscal pain forecast for Saudi Arabia
Saudi Arabia’s oil revenues dropped by 24 per cent in Q1 2020 compared to the corresponding period of 2019, according to Jadwa Investment’s report on the Kingdom’s Q1 2020 Budget Statement
ADNOC and ADPower launch offshore power network tender
The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Power Corporation (ADPower) have issued a joint tender for a subsea transmission system connecting ADNOC’s offshore oil facilities to ADPower’s onshore electricity grid
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