Finest Food goes into receivership, over 16 jobs at risk, say reports
Finest Food Products Limited, based in Auckland, New Zealand, has made it to the headlines for being placed into receivership following the failure of an important trans-Tasman deal. Reportedly, the c....
Saudi to boost renewable energy generation capacity to 60GW by 2030
 Out of the aimed 60GW capacity expansion, 40GW would be coming from solar energy while the remaining 20GW would be from wind & other energy sources.  The nation is working under the ....
Saudi Arabia awards $500M contract for Dumat Al Jandal wind project
A consortium managed by Abu Dhabi Future Energy Company and EDF Energies Nouvelles has reportedly been awarded the contract for Saudi Arabia’s Dumat Al Jandal wind project by the Renewable Energy Pr....
Saudi Arabia plans to cut oil exports by 800,000 bpd from January
OPEC (Organization of the Petroleum Exporting Countries) top dog Saudi Arabia has made it to the cover page for its plans to slash crude oil exports by as much as 800,000 barrels per day (bpd) from Ja....
Husky Energy plans to offload its retail & commercial fuels business
Alberta-based Husky Energy Inc., one of the largest integrated energy companies in Canada, has reportedly announced that it is planning to exit the gas station business post remaining afloat in the ma....
Oil firm Maurel & Prom to invest $400M in Venezuela’s oilfield venture
 The French oil company would be investing the capital to acquire a 40% stake in an oilfield joint venture named Petroregional del Lago.  In 2018, the oilfield produced more than 15,500 b....
Exxon commences drilling operations at the Haimara-1 exploration well
ExxonMobil, an American multinational oil and gas corporation headquartered in Irving, Texas, has reportedly begun drilling the Haimara-1 exploration well offshore Guyana. The drillship Stena Carron, ....
The Energy Group Limited to acquire Australia’s RCR Energy Service
 The acquisition is an ideal opportunity for EGL as it allows the firm to move further with its strategy of becoming a national player.  Under the terms of the acquisition agreement, the ....
Luckin Coffee aims for 2,500 new stores in China to beat Starbucks
The Chinese start-up, Luckin Coffee, is reportedly planning to launch 2,500 new outlets this year in China and become the largest coffee chain in the second-biggest economy of the world. Reliable sour....