Sunday, September 15, 2024
Factbox: IEA's urgent fossil fuel warning earns mixed reception from producers- oil and gas 360

Factbox: IEA’s urgent fossil fuel warning earns mixed reception from producers

Reuters A stark appeal by the world’s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world’s top producers – from guarded praise and pledges to cut back on coal to outright defiance. The International Energy Agency said in its “Net Zero by 2050” report last week that

Shell weighs shut Louisiana refinery's future as Baton Rouge firm promotes bid- oil and gas 360

Shell weighs shut Louisiana refinery’s future as Baton Rouge firm promotes bid

Reuters Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 billion offer was not accepted. American Clean Energy Refining LLC (ACER), based in Baton Rouge, submitted two bids for the refinery, the first last December, Chief Executive George R. Dabbs told

Exxon to add two new directors in battle over company's future- oil and gas 360

Exxon to add two new directors in battle over company’s future

Reuters Exxon Mobil said on Monday it would add two more board members, including one with climate experience, just days before a shareholder vote on whether to back new directors supported by activist investors unhappy with its record on climate change and financial performance. The battle is the largest boardroom showdown yet focused on climate concerns at a major energy

Shell to sell interest in Deer Park refinery to partner Pemex- oil and gas 360

Shell to sell interest in Deer Park refinery to partner Pemex

Fox Business HOUSTON/MEXICO CITY – Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. The deal makes the Deer Park, Texas, facility the first foreign refinery that Mexico’s state-run oil company

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