President Aliyev commits to boosting investments in gas Country also touts its rollout of green energies this decade Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing gas production in order to feed demand from Europe as its president said that its abundant fossil fuels were a “gift of the …
COP29 Host Azerbaijan Says Its Fossil Fuel Is ‘Gift of the Gods’ Read More »
Energy executives warn that it will be a long and costly journey, while activists and analysts say there are significant rewards and little time to waste. The nations of the Gulf know that the world’s shift to cleaner energy could change everything: Their economies today depend on demand for oil and gas, and their efforts …
FTC recently sued to block Tapestry’s high-end handbag deal Lawmakers called for more scrutiny of oil deals in March Exxon Mobil Corp. expects US antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers. “We continue to expect the deal is going to …
Exxon Expects FTC to Approve Pioneer Deal by Mid-Year, CFO Says Read More »
(Reuters) – Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural gas prices and fuel margins. The second largest U.S. oil producer posted a profit of $5.5 billion in the quarter ended on March 31, down from $6.57 billion, or …
Chevron Posts Q1 Profit Beat With Oil Production Gains Read More »
(Reuters) – Phillips 66 missed quarterly profit estimates due to a decline in refining margins led by underperformance at its Gulf Coast operations, sending the refiner’s shares down 5.5% in premarket trading on Friday. Refiner margins have scaled back from the peaks achieved after Russia’s invasion of Ukraine in 2022, amid a rise in global refining …
Phillips 66 Misses First-Quarter Profit Estimates on Weaker Margins Read More »
HOUSTON, April 26 (Reuters) – Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer …
Exxon Misses on Q1 Profit Despite Big Gains in Guyana Read More »
(Reuters) – Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 19 cents, or 0.2%, to $89.20 a barrel at …
Oil Prices on Track to Snap Two-Week Losing Streak Read More »
(Reuters) – Some of the world’s largest solar equipment makers on Wednesday asked President Joe Biden’s administration to impose tariffs on panels and cells from four Asian countries to protect billions of dollars in investments in U.S. manufacturing. Seven companies – Korea’s Hanwha Qcells, Switzerland’s Meyer Burger, Norway’s REC Silicon and U.S. companies First Solar Inc, …
U.S. Solar Panel Makers Seek Import Tariffs to Protect New Domestic Factories Read More »
Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a proxy filing released on Thursday showed. Tellurian had previously said that it was looking at all options, including a potential sale, to …
Top Tellurian Executives Poised for Big Payday if LNG Plant Goes Ahead Read More »
European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record $8.8 billion in net withdrawals from the products in the U.S. A combination of factors likely contributed to the U.S. sustainable fund outflows during the first three months of 2024, said Morningstar. …
Record $8.8 Bln Pulled From U.S. Sustainable Funds in Q1 Read More »
