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Tag: business and finance – energy and resources – oil and primary gases

The Government ‘plants’ the tile sector in the gas debate

The Government ‘plants’ the tile sector in the gas debate

The central government left Spanish industry planted on Wednesday in a debate that was presented as a good opportunity to hear their demands regarding the National Fund for Sustainability of the Electric System, FNSSE. It is a preliminary draft of the law -whose period of allegations concluded recently- that, in order to reduce the electricity […]

Repsol launches its ‘profitable decarbonisation’: it will invest 5.5 billion in ‘green’ from crude oil

Repsol launches its ‘profitable decarbonisation’: it will invest 5.5 billion in ‘green’ from crude oil

Repsol has presented its new 2021-2025 strategy with which it intends to accelerate its transformation towards a more sustainable business model without losing sight of profitability. With this objective in mind, the group will invest in the next five years a total of 5.5 billion euros in renewable energy to double its generating power to […]

The profits of the world’s largest oil company fall 45% as uncertainty about oil demand grows

The profits of the world’s largest oil company fall 45% as uncertainty about oil demand grows

One year after its hitherto historic IPO, the largest oil company in the world, the Saudi Aramco, suffers the setbacks from the drastic drop in consumption of crude oil caused by the Covid-19 pandemic. Its net profits plummeted 44.6 percent in the third quarter of this year while the company continues to borrow to maintain […]