Thursday, December 19, 2024
Southwest Gas asks shareholders to reject Carl Icahn's tender offer- oil and gas 360

Southwest Gas asks shareholders to reject Carl Icahn’s tender offer

Reuters Southwest Gas Holdings Inc, which is embroiled in a proxy battle with Carl Icahn, on Tuesday named two new directors and asked shareholders to reject a $75 per share tender offer from the activist investor. Icahn had made a bid to gain control of the company’s board and replace the chief executive after Southwest adopted a shareholder rights plan

Shell and Norsk Hydro team up for green hydrogen

Shell and Norsk Hydro team up for green hydrogen

Reuters OSLO – Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday. The Anglo-Dutch oil giant and the Norwegian aluminium maker’s green hydrogen unit, Hydro Havrand, have signed a memorandum of understanding (MoU)

Oil approaches $84 as lifting of U.S. travel ban boosts demand- oil and gas 360

Oil approaches $84 as lifting of U.S. travel ban boosts demand

Reuters LONDON, Nov 9 – Oil rose towards $84 a barrel on Tuesday, gaining for a third session, as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery lifted the demand outlook, while supply remained tight. On Monday, travellers took off for the United States again, while the passing of U.S. President Joe Biden’s infrastructure