Tuesday, January 14, 2025
Energy investor: Shale drillers must speed up climate pledges- oil and gas 360

Energy investor: Shale drillers must speed up climate pledges

World Oil Publisher’s Note: Civitas Resources will be participating at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend. (Bloomberg) — More U.S. shale producers should aim for net-zero emissions, while drillers that have already made climate pledges need to set more aggressive timelines to reach their goals, according to investor Kimmeridge Energy Management. The U.S. oil

Exclusive: Russia seeking oil payments from India in dirhams- oil and gas 360

Exclusive: Russia seeking oil payments from India in dirhams

Yahoo NEW DELHI – Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the U.S. dollar to insulate itself from the effects of Western sanctions. Russia has been hit by a slew of sanctions from the United States and its allies

Canada presents options for emissions cap on oil and gas industry- oil and gas 360

Canada presents options for emissions cap on oil and gas industry

World Oil Bloomberg) — The Canadian government released potential designs for an emissions cap on the oil and gas industry, the next step in Prime Minister Justin Trudeau’s plan to cut emissions in the sector by 42% by 2030. Environment Minister Steven Guilbeault published a discussion paper on Monday that outlined two regulatory options. The first is a cap-and-trade system that would

Suncor Energy enters into agreement with Elliott Investment Management- oil and gas 360

Suncor Energy enters into agreement with Elliott Investment Management

Oil and Gas 360 Calgary, Alberta  – Suncor (TSX: SU) (NYSE: SU) today announced that it has entered into an agreement with Elliott Investment Management L.P. (together with its affiliates “Elliott”), pursuant to which Suncor’s Board of Directors will appoint three new independent directors, two of whom will serve on the CEO search committee. The Board will also form a new committee

Biden expects more Saudi oil after trip to kingdom- oil and gas 360

Biden expects more Saudi oil after trip to kingdom

World Oil (Bloomberg) — President Joe Biden said he expects further oil supply increases from Saudi Arabia to help tame fuel costs at home after a landmark meeting with the kingdom’s rulers.   Biden’s trip didn’t result in an immediate pledge for a production hike, but US officials said they were confident that Riyadh would lead the OPEC+ alliance to