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A Open Letter to Big Oil – Do What Activists Want…For a Month – Irina Slav

Energy Commentary, Energy Topics & Technology, Latest, US News / By

by Irina Slav More From Irina Slav Green activists this week filed a lawsuit against TotalEnergies for criminal wrongdoing. The wrongdoing in question appears to be the company’s oil and gas production, which allegedly caused extreme weather, which, also allegedly, led to deaths. Also this week, Democrats in the U.S. Congress called on the Department of Justice to investigate …

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Citi Research Still Expects OPEC+ to Hold Output Cuts Through 3rd Quarter

Energy Topics & Technology, Latest, OPEC / By

Citi Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday. “A deeper cut would likely be a bullish surprise, but remains a low probability in our view,” the note added. Citi also said its oil price deck continues to …

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UNSOLD: Slowing EV Sales Are Upending Banker Climate Strategies

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

The collateral damage from decelerating EV adoption will be far wider than the energy transition. Electric vehicles have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern. A slowdown in EV adoption has potentially huge implications for the energy transition. It also has ramifications for the many financial institutions that …

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Shell Investors Ok Weaker Emissions Targets at Meeting

CDN and International News, Emission Reduction, Energy Topics & Technology, Latest / By

Chief executive Wael Sawan said he’s “very pleased” with the result Bloomberg News “I’m very pleased with what we’ve got” in support from investors, Shell chief executive Wael Sawan said on the sidelines of the meeting in London. “And I’m pleased that we have seen the Follow This resolution, get an even lower share of …

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Macron Urges TotalEnergies to Stay in France After Talk of U.S. Listing

Energy Topics & Technology, Exploration & Production, Latest, US News / By

(Reuters) – France supports companies that believe in the country, its President Emmanuel Macron said in an interview published on Wednesday, in response to a question on oil major TotalEnergies’  potential pursuit of a U.S. listing. WHY IT’S IMPORTANT A pillar of France’s CAC 40 blue chip index, TotalEnergies is one of the world’s largest oil …

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More State Officials Oppose Exxon Directors Over Climate Lawsuit

Energy Topics & Technology, Environment, Exploration & Production, Latest, US News / By

A group of state financial officers and other public and labor leaders called on Tuesday for major asset managers to vote against top Exxon directors, citing the U.S. oil company’s ongoing lawsuit against climate activists. The group including New York City Comptroller Brad Lander and the state treasurers of Connecticut, Nevada and other states called …

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Hess Facing Three Lawsuits Over Disclosures in Chevron Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions, Tri-Pinned, US News / By

 Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron. Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. However, the deal has been stalled due to a conflict with Exxon Mobil and pending regulatory …

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Global Carbon Emissions Pricing Raised Record $104 Billion in 2023

CDN and International News, Emission Reduction, Energy Topics & Technology, Latest / By

Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World Bank said in a report on Tuesday. Several countries are using a price on carbon emissions to help meet their climate goals by …

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Phillips 66 to Buy PE-Owned Pinnacle Midland for $550 Mln

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and processing footprint in the Midland Basin. Oil and gas producers in the United States went on a nearly $250 billion buying spree …

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First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed. Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of …

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