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...Company advisers and insiders recount stories of new hires being fired within days if Saadé felt they would not fit....
...The boss of shipping giant AP Møller-Maersk has warned it could take months to reopen the crucial Red Sea trading route, risking an economic and inflationary hit to the global economy, companies and consumers...
...Last year both companies notched their second-highest annual profits in a decade, with respective net income of $36bn for Exxon and $21.4bn at Chevron....
...Denmark’s Ultrabulk, another big shipping company, and Drax, the UK power generator, are also collaborating on the project....
...That seems to be the strategy adopted by big container shipping companies....
...Hess, with Exxon arguing it has the right of first refusal over Hess’s stake in the Guyanese development.On Monday, Exxon chief Darren Woods insisted the conflict would not undermine the companies’ ability...
...The chief executive of ExxonMobil has insisted that its tense dispute with Chevron over a prized Guyana oilfield will not damage the working relationship between the two US oil companies, even as the spat...
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”....
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”. Read more here...
...A US hedge fund is seeking to reverse a high-profile deal between Frontline, controlled by shipping magnate John Fredriksen, and one of Belgium’s oldest shipping dynasties....
...The chief executive of ExxonMobil has insisted its tense dispute with Chevron over a prized Guyana oilfield will not damage the working relationship between the two US oil companies, even as the spat threatens...
...Chevron acquisition....
...Chevron, the second-biggest US oil company, has been “engaged in discussions” with Exxon and Cnooc — joint owners of the Stabroek Block project — “regarding a right of first refusal provision in the joint...
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...Hess’s investors appeared to be more concerned, with the difference between the company’s current stock price and the value of Chevron’s offer continuing to widen....
...Chevron’s fell from $6.4bn to $2.3bn....
...It may well sell down its stake to an international oil company. Candidates include Shell, Total and Chevron, which are all drilling, or planning to drill, in the same Orange oil basin....
...However, Judge Schaffer in the Insolvency and Companies List, part of the High Court, found against Staveley on a series of grounds....
...That seems to be the strategy adopted by big container shipping companies. Have a great week, Helen ThomasHead of Lex...
...Chevron on Tuesday said a deepening rift with lawmakers over energy policy in California would dent its earnings in the fourth quarter and further reduce its investment plans for its home state....
...John Kerry, the US climate envoy, singled the company out. Asked at COP28 what more Chevron could be doing on climate, he responded: “everything”....
...The container shipping industry, a bellwether of global trade, is facing a difficult period following a boom driven by the Covid-19 pandemic....
...French container shipping group CMA CGM abandoned its pursuit of UK logistics company Wincanton on Tuesday, making it almost certain that a rival bid by GXO would succeed....
...In September the state sued several of the world’s biggest oil companies, including Chevron, alleging they deceived the public for decades about how the burning of fossil fuels is destroying the planet....
...According to figures from Clarksons, a shipping services company, container ship arrivals in recent days at the mouth of the Red Sea are 90 per cent down on levels in early December last year....
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