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...Universities are under pressure from students and staff to cut ties to companies exacerbating climate change....
...But Equinor is still first and foremost an oil and gas company....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...“At Rio, the need for diversification is that much more clear,” said Davis....
...His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity....
...“We will see more talk, less action on the strategic options,” concurs Davis at Liberum. Others are hopeful this time is different....
...Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway’s giant oil fund, with the gap between the two continents only getting wider....
...Company boards should consider the next decade. BHP has “copper” in its crystal ball....
...Bringing this oil to market will cost billions of dollars. It may well sell down its stake to an international oil company....
...Between 2019 and last year, Raízen’s revenues more than doubled to BRL$245bn ($47bn) from BR$120bn, according to company figures, placing it 394th on the latest FT-Statista list of the fastest-growing companies...
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...At Total, he has maintained a strategy of pursuing profitable oil projects while shifting more into gas as the company’s core fossil fuel....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...Sunnova appointed Paul Mathews as executive vice-president and chief operator officer of the residential solar company....
...But sharp falls in natural gas prices and reduced oil refinery margins dented their earnings in the first three months of the year, causing both companies’ shares to dip in early trading....
...A dozen of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies following detection of 26 large leaks of the planet-warming...
...Davis, who was born in Germany to a US military family, joined Vanguard’s bond indexing team 24 years ago, and has been CIO since 2017....
...The deal would make Ithaca one of the biggest independent oil producers in the North Sea and could spur further consolidation, as companies seek scale to fund investment and the cost of decommissioning legacy...
...This includes investments in Canada’s Pembina Gas Infrastructure and ContourGlobal Plc, which has a thermal power plant division that utilises coal, gas and oil to generate electricity, it says....
...In 2022, the company turned a net profit of around $6bn for the first time in a decade thanks to higher oil prices and a reduced tax burden....
...While more oil could come on line this summer from Opec, which next meets to discuss quotas in June, Sen predicted that oil prices would have to rise further first....
...Van Beurden spent 39 years at the oil major. Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron....
...It noticed further emissions nearby, which turned out to be an oil and gas facility. The company contacted SRON, the Dutch space research institute, which verified the findings using an ESA satellite....
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