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...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
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...Stints in Texas and Scotland as finance chief for the company’s North America gas and North Sea operations, respectively, followed....
...“Commercial viability is fundamental for ambitious projects of this size and scale,” said Molly Morris, president of Equinor Renewables Americas....
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...If the US did order ByteDance to cut ties, the possible pool of buyers for a company this size could include consortiums or big tech companies....
...for both companies....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...The Australian refinery is one of five biofuel projects that BP has planned globally, the company said. But, make no mistake, oil is still king at BP....
...Plus, WeWork’s former CEO Adam Neumann is trying to buy the company out of bankruptcy....
...Meanwhile, BP has finally announced a new permanent chief following Bernard Looney’s abrupt departure in September after failing to disclose past relationships with company colleagues....
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...But Bryan Armour, director of passive strategies research for North America at Morningstar, said that on closer inspection a slightly different picture emerged....
...Dave Lawler, who has served as chair and president of BP America since July 2020, is leaving the company to pursue other interests, according to an internal memo sent to employees on Friday....
...“The impetus for the increased fee waiver is clear,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...According to Michael Youngworth, a convertible bond strategist at Bank of America, a slower than expected fall in inflation is also encouraging companies to issue debt sooner rather than later....
...These companies are getting older and larger and sucking the life out of other stocks....
...The fact that companies choose between them, with shareholders’ approval, could be an incentive to locate in a jurisdiction that tolerates misbehaviour and executive entrenchment....
...Rentokil now expects its full-year performance in North America to be “marginally below” its previous expectations....
...Traders will also be closely watching whether other companies follow BP’s example....
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
...Earlier this year the state of California sued several of the world’s biggest oil companies, including ExxonMobil, Shell and BP, claiming they had misled consumers by suppressing information about the adverse...
...Dave Lawlor, who has served as chairman and president of BP America since July 2020, is leaving the company to pursue other interests, according to an internal memo....
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