Monday, December 16, 2024
Exxon shareholders back board and vote no to faster carbon emission cuts- oil and gas 360

Exxon shareholders back board and vote no to faster carbon emission cuts

Nasdaq HOUSTON- Exxon Mobil Corp XOM.N shareholders on Wednesday backed the energy company’s climate strategy, voting against supporting a resolution filed by activist group Follow This urging faster action to battle climate change. Shareholders approved, in the preliminary voting session, a proposal for the company to create a report on scenario analysis for climate change.

Permian oil producers about to slow despite $100 crude- oil and gas 360

Permian oil producers about to slow despite $100 crude

World Oil (Bloomberg) — In a world crying out for more oil, a dusty stretch of West Texas and southeastern New Mexico is one of the only places that can deliver. But even with crude above $100 a barrel, producers in the Permian and other U.S. shale basins are riding the brakes. For most of the past decade, the Permian

TotalEnergies agrees to buy 50% of U.S. renewables company Clearway- oil and gas 360

TotalEnergies agrees to buy 50% of U.S. renewables company Clearway

Yahoo Finance PARIS  – TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group’s largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said the acquisition

Oil edges higher on tight supply, surge in U.S. refining activity- oil and gas 360

Oil edges higher on tight supply, surge in U.S. refining activity

Reuters NEW YORK: Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started. Brent crude futures for July rose by 48 cents to $114.03 a barrel by 10:50 a.m. EDT (1450 GMT). U.S. West Texas Intermediate (WTI) crude for July delivery rose 49 cents,

Hedge fund Elliott chases oil and gas deals, bucking Wall Street- oil and gas 360

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

Nasdaq Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year. Elliott Management, a hedge fund founded and co-led by billionaire Paul Singer and best known for its activist investing, wrote to the bankers in January inviting them to pitch opportunities to acquire U.S. oil