Bloomberg Reliance Industries Ltd., controlled by Asia’s richest man, toppled ExxonMobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which manages the biggest refinery complex, gained 4.3% in Mumbai adding $8 billion to take its market value to $189 billion, while ...

Bloomberg In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor also filled oil tankers with crude, turning them into floating storage facilities, ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) and Siemens have organised a technology talk titled “Scenario 2030” where both sides discussed innovations and technologies of the future in the energy sector. These included energy storage, artificial intelligence, smart grids, and energy efficiency among other topics. The meeting supports long-term strategic partnership between Dewa and Siemens for over ...