COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway's Equinor will merge their British North Sea assets to form what is set to be the ageing basin's largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies' resources and spending, and cut costs to boost the profitability of the assets....

BERLIN, Dec 5 (Reuters) - Volkswagen's CFO said on Thursday the company's labour force would need to shrink if its factories did not become more efficient and that the group's dividends would fall in line with earnings. Today, our German plants are not competitive. Without improving their efficiency and performance, we cannot maintain current employment levels, Arno Antlitz said at...

09:18 AM EST, 12/05/2024 (MT Newswires) -- Hertz Global Holdings ( HTZ ) said Thursday that its indirect unit Hertz Corp. intends to offer $500 million of 12.625% first lien senior secured notes due 2029 via a private offering. The notes will be a further issuance of the 12.625% first lien senior secured notes due 2029 that were issued on...

09:16 AM EST, 12/05/2024 (MT Newswires) -- Ballard Power Systems ( BLDP ) was at last look up 2.7% in US premarket trade as it signed Thursday a new Long Term Supply Agreement with Canadian Pacific Kansas City , including the initial supply of 98 fuel cell engines for use in the North American freight rail market. No financial details...