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...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...
...Shares of utility company Xcel Energy dropped sharply this week over potential financial exposure to the largest wildfire in Texas history....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Big Oil used an industry conference this week to argue against a rapid transition to green energy, as fossil fuel companies are emboldened by high demand and record profits despite rising alarm over climate...
...those of Neptune Energy, which the Italian company agreed to buy last year for $4.9bn....
...Listen to what Musk says, however, and it sounds as if Tesla’s main concern is its expensive autonomous driving project. Earlier this month, Musk wrote on X, “Tesla Robotaxi unveil on 8/8”....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...Share prices plummeted; companies cancelled or froze projects in the basin. Harbour Energy, one of the UK’s top producers, responded by diversifying overseas....
...Dutch pension fund PFZW yesterday said it had sold €2.8bn of its holdings in oil groups including Shell, BP and TotalEnergies because they were not doing enough to produce credible plans for the clean energy...
...They say the electronic components companies that supply several technology, telecoms and defence companies knowingly purchase laundered minerals from Rwanda....
...But Hamburg-based energy efficiency company 1Komma5 is hoping to survive where other renewables businesses have flopped....
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...For them, going all-in on robotaxis may sound great for the 2030-something forecasts, and an earnings tape-bomb is just a speed bump....
...They’re followed by public healthcare providers, local public transport, low-cost airlines and energy companies, education providers, water and broadband companies....
...Our energy team colleagues explain what’s behind the hold-up....
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
...His comments come after environmental groups such as Greenpeace attacked the LNG industry, accusing companies of using the energy crisis to lock in contracts for years to come....
...But its biggest electoral battleground is with the Labour party and it is one where it has a lot to lose if it sounds too much like it is Scotland’s staunchest defenders of oil and gas....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Anyway, on a separate issue, you’ve got to tell your Abrdn CEO to stop using words like futurist to describe himself or his strategy for the company....
...Yet, since before COP28’s agreement to move away from fossil fuels, oil and gas companies have been telling a different story, full of sound and fury, of the demise of the clean energy transition....
...“It has been a tough space of late, but the long-term story is pretty sound from a demand perspective. The challenge is that China still dominates,” he said....
...S&P said companies had reported slightly higher increases in their selling prices than the previous month, driven by rising labour costs as well as increased energy and fuel prices, which “hint at stubborn...
...Citing his trips to 17 countries last year, Fink wrote global politicians and businesspeople increasingly planned to invest in both oil and gas for energy security and green power for the energy transition...
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