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...But the only taker for Guyana’s credits so far has been US oil and gas producer Hess Corporation, which owns 30 per cent of the Stabroek oil block off Guyana’s coast, and was bought by Chevron last year....
...The rest of Lima’s electricity supply was sold to another Chinese company, Three Gorges Corporation, in 2020. Three Gorges also owns Chaglla, one of Peru’s biggest hydroelectric dams....
...Caribbean nations are pursuing Lloyd’s and others for reparative payments, the Telegraph reported last month....
...Global energy markets have changed and grown dramatically since the creation of the Strategic Petroleum Reserve (SPR) nearly 50 years ago....
...While Bolsonaro fired a series of Petrobras chief executives in anger at high fuel prices, he otherwise left the company to pursue its strategy of divestments as it focused on petroleum production and profits...
...All this reflects the rising success of US Republicans who claim “woke corporations” that take ESG factors into account and join industry climate alliances are putting politics above profits, with a leftwing...
...A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States....
...lawyers for Chile and Ecuador warned that “the threat of increased and wide-roaming judgments by US courts, based on only the most tenuous connections to the US” might “chill participation” by South American corporations...
...Exxon holds a 45 per cent stake in the Stabroek Block; the China National Offshore Oil Corporation owns 25 per cent; and Hess holds the remaining 30 per cent, which would transfer to Chevron if the deal...
...SPDC controls 30 per cent of the so-called SPDC joint venture in partnership with the state-owned Nigerian National Petroleum Corporation, which controls 55 per cent....
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...The next four crude cargoes will be supplied by the state-owned oil company the Nigerian National Petroleum Corporation (NNPC) in “two to three weeks” and ExxonMobil will supply the last of the initial six...
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...Earlier this month, the country joined the Opec+ group — which comprises the Organisation of the Petroleum Exporting Countries plus its allies — although Lula has insisted its status will remain that of...
...raid, at least seven Ecuadorean police officers were kidnapped by criminals around the country, including in Machala, a south-western city, and in the capital Quito, where a vehicle carrying liquefied petroleum...
...The China National Offshore Oil Corporation owns 25 per cent, while Hess holds the remaining 30 per cent that would transfer to Chevron if the deal closes....
...Berkshire also exited its investments in payments business StoneCo, insurers Globe Life and Markel Corporation, and homebuilder DR Horton....
...“I’m pretty tired of constantly worrying that somebody in Washington DC makes a decision that’s going to impact my family in Fayette county,” said Nick Staffieri, a waste management team leader at EQT Corporation...
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...Then he compares “the way this fire behaved and the way it was able to reproduce itself and wanted to get bigger” to the behaviour of large corporations....
...all boats and instead have been squandered by corruption or concentrated in the rarefied strata of the elite: a single oil spill at offshore exploration sites in Guyana would wreak havoc throughout the Caribbean...
...Here’s what else I’m keeping tabs on today: Biden’s budget: The White House will release the forecast for the president’s fiscal budget for the coming year, including an increase of corporation tax and...
...& Colman Reed International (RELX) Rio Tinto - Zinc Corporation Royal Bank of Scotland Group (NatWest) Sainsbury Shell Trans. & Trad....
...Legislation for a new national petroleum company was recently tabled. Investors and executives with knowledge of PetroSA and the sector have cast doubt on these plans....
...“I’d imagine a lot of the multinationals and corporations that are thinking of investing in Panama are also thinking, ‘am I going to get caught up in this?’”...
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