Wednesday, 5 February 2025

Focus on Business

FILE - People walk amid an oil spill in the Niger Delta in village of Ogboinbiri, Nigeria, Dec. 11, 2024. (AP Photo/Sunday Alamba, File)
BusinessEconomyNewsOilPolitics

Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered...

FILE PHOTO: A general view of a Tesla store in Porsgrunn, Norway, December 24, 2021. REUTERS/Victoria Klesty/File Photo
BusinessElectric Vehicles (EVs)FinanceNewsPolitics

Tesla loses market share in Sweden, Norway as Musk looms large

OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric...

FILE PHOTO: The logo of Ecopetrol is pictured at its headquarters in Bogota, Colombia July 11, 2023. REUTERS/Luisa Gonzalez/File Photo
BusinessNewsOil

Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin

BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental...

FILE PHOTO: A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File photo
BusinessEconomyElectric Vehicles (EVs)FinanceNews

China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis

(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024.  REUTERS/Brian Snyder/File Photo
BusinessEconomyIndustryInfrastructureNewsPoliticsTrade

US metal buyers likely to turn to Mideast, Chile as tariffs bite

By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru...

FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov/File Photo
BusinessNewsOilPoliticsTrade

OPEC+ likely to stick to oil output hike plan, sources say

By Maha El Dahan, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC+ agreed to stick to its policy of gradually raising oil output...

FILE PHOTO: Chevron logo and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelNewsOil

Chevron misses earnings estimate as refining posts first loss in four years

The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec. 31.

FILE PHOTO: A man stands in front of the Northvolt Ett factory in Skelleftea, Sweden, November 27, 2024. REUTERS/Marie Mannes/File Photo
BusinessElectric Vehicles (EVs)ElectricityNewsStorageTransport

Scania tries to breathe life into troubled EV battery maker Northvolt

Four Northvolt workers told Reuters they had seen Scania employees inside the factory in recent months.

FILE PHOTO: Mads Nipper prictured at a news conference in Bjerringbro, Denmark, March 13, 2018. Scanpix Denmark/Henning Bagger via REUTERS/File Photo
BusinessElectricityLabourNewsOffshore WindWind

Renewables group Orsted replaces CEO to arrest share price slump

Orsted's shares were down 0.2% at 1010 GMT, slightly underperforming Europe's blue-chip stock index.

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility. A Shell logo is seen at a gas station in London, on March 8, 2022. THE CANADIAN PRESS/AP/Frank Augste
BusinessCarbon ManagementFuelLiquefied Natural GasNewsOil

Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility

The deal will boost Shell's interest in the upgrader and carbon capture facility to 20 per cent.

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