Business, Fuel

Shell Sees Strong Natural Gas Production in Third Quarter

Shell saw continued strong performance from its natural gas and upstream businesses in the third quarter, even as oil-refining margins declined and it expects to lose money in chemicals.

William Mathis | Bloomberg News
October 7, 2024
Business, Fuel

Shell Set to Cut 20% of Jobs in Some Oil and Gas Divisions

Shell is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as CEO Wael Sawan works to boost efficiency and profitability.

William Mathis | Bloomberg News
August 29, 2024
Business, Technology, Fuel

Cummins to Build Hydrogen Equipment Factory in Spain

American industrial giant Cummins Inc. plans to build in Spain one of the world’s largest manufacturing facilities for machines that produce hydrogen from electricity.

William Mathis | Bloomberg News
May 24, 2021
Business, Technology, Fuel

Electric-Vehicle Charging Startup Amply Power Secures $13.2 Million

Startup Amply Power has raised $13.2 million from investors including Soros Fund Management to advance the company’s electric-vehicle charging service for commercial fleets.

William Mathis | Bloomberg News
April 28, 2020