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(Reuters Breakingviews) – Exxon Mobil is trying to banish a climate activist proposal in a Texas court. The $385 billion oil giant would be better off leaving its own shareholders to do so. After all, similar measures have resoundingly failed before. Choosing to instead fight against a vote is counterproductive for a company that has struggled against …
OPINION: Exxon Activists Should be Banished With Vote, Not Court Read More »
WASHINGTON — The U.S. government has been asked to explain to a federal appeals court precisely how it believes the country’s 1977 pipeline treaty with Canada should impact efforts to shut down the controversial cross-border Line 5. A forthcoming Department of Justice brief will mark the Biden administration’s first public foray into the long-running dispute …
U.S. Department of Justice Preparing Legal Brief as Both Sides Appeal Line 5 Decision Read More »
Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …
Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion Read More »
Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …
Halliburton Profit Beats on International Strength Read More »
Exxon Mobil Corp began on Saturday a planned overhaul on a fluidic catalytic cracker (FCC) and the hydrocracker at its 522,500 barrel-per-day (bpd) Baton Rouge, Louisiana, refinery, people familiar with plant operations said on Monday.The 110,000-bpd gasoline-producing FCC and 23,000-bpd diesel-producing HCLA hydrocracker were shut on Saturday for the two-month long overhaul, the sources said. …
Exxon Louisiana Refinery Gasoline, Diesel Units Shut for Work Read More »
Energy risks are suddenly front page news, but the signs were there all along, provided you knew what to look for. These risks evolve from basic supply and demand forces in the energy industry. Balancing the supply of, and the demand for, energy perfectly, with all its necessary infrastructure and services, all the time, everywhere, for everyone, across …
Reuters Jan 22 (Reuters) – Sunoco (SUN.N) said on Monday it would acquire NuStar Energy (NS.N) in an all-equity transaction valued at about $7.3 billion, including assumed debt.
(Reuters) – Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand. Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT. The front-month U.S. West Texas Intermediate crude futures contract for February delivery …
Oil Creeps Higher as Geopolitics Outweigh Demand Concerns Read More »
Election-year climate review fraught for President Joe Biden Liquefied natural gas projects worth billions hang in balance By Jennifer Jacobs, Jennifer A Dlouhy, and Ari Natter President Joe Biden’s top advisers are divided over how much to ramp up environmental scrutiny of licenses to ship natural gas abroad as companies and industry groups warn it could slow development of new export terminals, …
Climate Test for Natural Gas Exports Splits White House Advisers Read More »
Texas oil giant wants court to interpret SEC rule-making Exxon names Follow This, Arjuna Capital as defendants in case Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter …
Exxon Sues ESG Investors to Stop Climate Proposals on Ballot Read More »
