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Business 29 Dec 2020 | 7:00 AM

Oil steadies despite pandemic

NEW YORK: Oil steadied in Asian trading – after posting its first weekly loss since October – as pessimism over a new strain of Covid-19 was balanced by the passage of a US stimulus bill into law.

World 09 Dec 2020 | 6:14 AM

Uncertainties remain in energy market due to COVID-19: EIA

HOUSTON, Dec. 8 (Xinhua) -- The U.S. Energy Information Administration (EIA) on Tuesday remained subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve.

Business 02 Dec 2020 | 7:00 AM

Exxon’s US$20bil impairment

BENGALURU: Top United States oil producer Exxon Mobil Corp on Monday said it would write down the value of US$17bil to US$20bil in natural gas properties, its biggest ever impairment, and slash spending next year to its lowest level in 15 years.

STARPICKS 24 Nov 2020 | 8:31 AM

Water and power: Heartbeat of a nation

THE Ranhill Group is committed to enriching lives through sustainable solutions in water, wastewater and energy. With proven capabilities as a leading water operator in Johor, Ranhill’s presence in the environment sector also extends to wastewater management in Thailand and China, while in the energy sector, it is the largest Independent Power Producer (IPP) in Sabah through a 21-year power purchase agreement with Sabah Electricity Sdn Bhd for the sale of up to 380 megawatts (MW) electrical generation capacity and electricity production.