BP sells petrochemical arm to Ineos for $5 billion
British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale...
Chevron, Total, Shell others to divest $27 billion assets
International Oil Companies (IOCs), including ExxonMobil, Chevron, BP, Total, Shell, and ConocoPhillips are planning to sell assets worth $27.5 billion in bid to invest in new regions, new research by Rystad Energy has said.
Petroleum sector braces for robotics as adoption hits $277.8bn
Oil and gas industry is set to speed up the adoption of robotics in upstream, midstream, and downstream activities with the aim of driving efficiency and productivity in the face of uncertainties. A report released on ‘Robotics in Oil & Gas’ by a global think-tank, GlobalData, said the sector is seriously gearing up for use…