Wednesday, February 5, 2025
Shell urged to drop appeal over landmark climate ruling- oil and gas 360

Shell urged to drop appeal over landmark climate ruling

Reuters LONDON – A Dutch activist group that won a legal battle against Royal Dutch Shell RDSa.L over its climate strategy has urged the company to ditch its appeal and hold joint talks on how to reduce its emissions, according to a letter seen by Reuters. A court in The Hague ordered Shell on May 26 to reduce greenhouse gas emissions

Oil dips but hovers near three-year highs on recovery signs- oil and gas 360

Oil dips but hovers near three-year highs on recovery signs

BOE Report Oil prices dipped on Thursday but still held close to their highest in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity. Doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports also helped prices. U.S. crude slipped 40 cents, or 0.55%, to $72.84

Chevron has no plans to shrink conventional energy business- oil and gas 360

Chevron has no plans to shrink conventional energy business

Nasdaq U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. The company said it would invest some $3 billion into lowering emissions between now and 2028 – a figure it expected