Oil prices were little changed on Friday and ended the week lower, sapped in volatile trade by expectations of growing supplies just when a rise in coronavirus cases could lead to lockdown restrictions and depressed demand.
The searches soon to get underway for two new top U.S. central bankers will be an important test for what has been a rallying cry of sorts for proponents of diversity: that boards matter.
On most counts, the initial public offering of Abu Dhabi National Oil Company’s exploration services subsidiary counts as a success. ADNOC Drilling priced its enlarged sale of 11% of the company conservatively and was rewarded with a 30% pop on Sunday . The group’s current $13 billion valuation means it now trades at a slight premium to fellow oil services group Baker Hughes , which retains a 5% stake.
British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.
French companies TotalEnergies , Air Liquide and Vinci announced the launch of what they said would be the world's largest clean hydrogen infrastructure fund, as companies increase their presence in the green energy sector.