Business Info

Apple invests in Goldwind

Saturday, 10 December 2016 SHANGHAI: Apple has struck a partnership with the world’s largest wind turbine maker marking the tech giant’s largest clean energy project to date.  It bought a 30% stake in subsidiaries of China-based Goldwind to run four projects that will produce 285 megawatts of power.   The …

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Oil price up 1%

Saturday, 10 December 2016 NEW YORK: Oil prices rose about 1% on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut. Both Brent and U.S crude futures, however, notched their first …

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Petronas received 2 project in Mexico

Petroleum Nasional Bhd. (Petronas) confirmed receiving two deepwater projects for blocks 4 and 5 in the Valley of Salina, the Gulf of Mexico following the auction for the project’s first deepwater exploration in Mexico. Vice President of Exploration Upstream Petronas, Emeliana Rice-Oxley said the inclusion of the national oil company …

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