Sunday, December 22, 2024

Underdog activist Engine No. 1 is launching an ETF after big Exxon win

CNBC Engine No. 1, the upstart activist firm that put three candidates on Exxon’s board of directors, is launching an exchange-traded fund in a bet that shareholder activism will take center stage in coming years. The Engine No. 1 Transform 500 ETF will trade under the ticker VOTE, and has received $100 million in commitments, the company said Tuesday. The passive fund

Talos Energy announces successful extension of its credit facility to November 2024 and borrowing base redetermination - oil and gas 360

Talos Energy announces successful extension of its credit facility to November 2024 and borrowing base redetermination

Publisher’s Note: Talos Energy will be presenting at EnerCom’s The Oil & Gas Conference on August 16, 2021. HOUSTON, June 22, 2021 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the completion of amendments to its reserves-based lending facility (the “credit facility”), including a significant maturity extension to November 2024. Following the amendments, Talos has minimal

Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future- oil and gas 360

Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future

CNBC DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at the same time squarely ruling out meeting with U.S. President Joe Biden. “We support the negotiations that guarantee our national

Energy transition metals poised for uneven, explosive run higher- oil and gas 360

Energy transition metals poised for uneven, explosive run higher

Reuters LONDON/HANOI – Buoyed by powerful demand expectations as the world moves away from reliance on fossil fuels, prices of many industrial metals rocketed, but future price rises are likely to be limited to a select few energy transition ingredients. The narrative of a synchronised upswing, characterised by some as a supercycle, is at odds with expectations shortages of materials

Oil may hit $100 but volatility will also grow, say energy CEOs- oil and gas 360

Oil may hit $100 but volatility will also grow, say energy CEOs

Reuters LONDON – Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. “There is quite a chance to reach $100 but we could see again in the coming years some lows as we have been accustomed to volatility,”

Column: Oil bulls bet on restraint by OPEC+ and U.S. shale firms- oil and gas 360

Column: Oil bulls bet on restraint by OPEC+ and U.S. shale firms

Nasdaq LONDON – Hedge funds have rarely been more bullish about the outlook for oil in the last three years, even as prices have climbed to levels that have induced a strong response from producers in the past. Hedge funds and other money managers purchased the equivalent of 26 million barrels in the six most important petroleum futures and options