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Etihad Airways, Boeing broaden sustainability alliance

Abu Dhabi / Emirates Business Etihad Airways and Boeing will work together starting in August on the seventh iteration of the ecoDemonstrator programme to test innovative technologies in the air, building on the core innovation and sustainability tenets of their strategic partnership signed in November 2019. The ecoDemonstrator programme utilises commercial aircraft as flying testbeds to accelerate technology development that ...

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EU green revolution takes on Poland

Bloomberg The European Union’s most coal-reliant country has a controversial new strategy for its 400 billion-euro ($456 billion) green push: bulk up the Polish state oil company and let it lead the transformation. Poland announced plans to build an energy champion with the financial heft to drive the overhaul by combining refiner PKN Orlen SA and gas group PGNiG SA. ...

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Chevron agrees to buy Noble Energy for $5b in shares

Bloomberg Chevron agreed to buy Noble Energy Inc for about $5 billion in shares. The takeover is the first major deal since the coronavirus triggered a severe oil slump. It’s a clear vote of confidence in the future of the US shale industry even as it struggles to adapt to lower crude prices. “Our strong balance sheet and financial discipline ...

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