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Reuters Jan 8 (Reuters) – Shell (SHEL.L) on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell. The assets include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year …
Shell flags Q4 Writedown of up to $4.5 billion, Mainly on Singapore Assets Read More »
Skepticism about how to commercialize — and use — carbon capture is growing. So is the debate over how to deploy it equitably and safely. By Michelle Ma – Bloomberg Carbon capture is having a moment. Companies such as Chevron Corp. are building technology to capture carbon dioxide from smokestacks while others such as Microsoft Corp. are investing in …
The World’s Next Big Carbon Capture Challenge? Figuring Out How to Use It Read More »
By Paul Wallace and Alex Longley – Bloomberg A wave of missile and drone strikes on ships plying the Red Sea has caused the biggest disruption to global trade since the pandemic. The attacks are the work of Yemen’s Iran-backed Houthi militants. They say they are targeting vessels with links to Israel to protest against its military campaign in the Gaza …
EXPLAINED: How Houthi Red Sea Attacks Are Disrupting World Trade Read More »
(Reuters) OPEC oil output rose in December, a Reuters survey found on Friday, as increases in Iraq, Angola and Nigeria offset ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market. The Organization of the Petroleum Exporting Countries pumped 27.88 million barrels per day (bpd) last month, the …
OPEC December Oil Output Rises Before New Cuts, Angola Exit – Survey Read More »
Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said. Money markets are betting that the Bank of Canada (BoC), which raised interest rates …
Canadian Dealmaking Seen Rebounding in 2024, Led by Energy, Mining Read More »
(Reuters) – Trans Mountain Corp (TMC.UL) plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing on Wednesday. The company is awaiting a regulatory decision on its request …
Canada’s Long-Delayed Trans Mountain Pipeline Plans Line Fill for March or May Read More »
Canadian Prime Minister Justin Trudeau faces a setback for his climate-change action plan in conservative-leaning Saskatchewan, as provincial opposition mounts against the federal carbon tax. On Monday, the western Canadian province stopped collecting the tax applied to homes heated by natural gas and electricity, after Trudeau’s Liberal government exempted home heating oil from the tax …
