Equinor acquires 9.8 stake in Orsted for 2.5 billion Equinor says making longterm bet on the offshore wind sector Orsted shares rise, Equinor39;s drop OSLOCOPENHAGEN, Oct 7 Reuters Norway39;s Equinor has bought a 9.8 stake valued at around 2.5 billion in Danish offshore wind farm developer Orsted, it said on Monday, as it seeks to build […]

Oct 7 Reuters Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for 6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan. The allcash transaction, which is expected to close in the fourth quarter, is a part of its strategy to divest 10 […]

Rio may need to pay over 5 bln, investors and analysts say Bottomofthecycle play is good timing for Rio Tinto U.S.listed shares of Arcadium up 40 on Monday Oct 7 Reuters Rio Tinto is in talks to buy lithium producer Arcadium, with the global miner looking to pounce following a slump in prices for the ultralight […]

SEOUL, Oct 7 Reuters Samsung Electronics is expected to flag more than a fourfold jump in quarterly profit on Tuesday on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence boom. Operating profit for Samsung, the world39;s top maker of memory chips, […]

FRANKFURT, Oct 7 Reuters Germany39;s Thyssenkrupp said it is reviewing its plans for the production of green steel following a report on Sunday that it was considering halting a major decarbonisation project. The crisisridden conglomerate said it is reviewing the plan for its steel division, including its green transformation, which refers to the carbonneutral production of steel, one […]