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...A CO₂ storage adviser to BP and a director for CO₂ storage at the Norwegian Petroleum Directorate also contributed to the report....
...The vessels, which are North Korean-flagged and classified as oil products tankers, all visited the same berth operated by a Russian oil company at Vostochny Port, where they appeared to load....
...A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States....
...Read more on Occidental Petroleum here...
...McKesson and Occidental Petroleum report results after the market closes....
...Occidental Petroleum has agreed to acquire CrownRock, one of the most sought-after US private shale oil producers, in a deal valued at about $12bn, including debt....
...Neither company responded to requests for comment....
...Global energy markets have changed and grown dramatically since the creation of the Strategic Petroleum Reserve (SPR) nearly 50 years ago....
...Only the wealthiest nations and companies can afford such risk. And even then, western oil companies, such as Shell and BP, have withdrawn from the region after investing billions of dollars....
...In evidence provided to the UK High Court last year, Shard Capital set out how Tennor instructed it to transfer $18mn from the client account of Sequa Petroleum to its own account in December 2019....
...Creditors have been hoping that a forthcoming auction of shares in Citgo, a PDVSA-owned refiner in the US, will help pay off some of the oil company’s defaulted debt....
...The Nifty 50 index of the country’s largest listed companies added 0.5 per cent, with Coal India and Bharat Petroleum leading gains as they rose 3.8 per cent and 3.2 per cent, respectively....
...Chord was formed by the merger of Oasis Petroleum and Whiting Petroleum two years ago....
...Other companies: Eli Lilly, Coca-Cola, McDonald’s, PayPal, Marathon Petroleum, 3M, GE Healthcare, Archer Daniels Midland, Restaurant Brands and Molson Coors report earnings before the bell....
...Airbus has committed to paying for 400,000 tonnes of carbon that has been directly captured from the atmosphere by a subsidiary of US company Occidental Petroleum, called 1PointFive....
...He was appointed to the leadership team as head of oil and petroleum products in 2007....
...Corporate results: Chinese tech company Meituan, Zijin Mining Group, property developer Longfor and China Petroleum and Chemical (Sinopec) announce results....
...The lawsuit from the American Petroleum Institute, a lobby group, accused the US government of using “every tool at its disposal” to restrict access to resources in federal waters....
...Two decades ago the US produced about 7mn barrels a day of petroleum and consumed 21mn....
...For example, Republicans who claim that joining an industry group to collaborate on climate action violates antitrust laws have no qualms about fossil fuel companies joining the American Petroleum Institute...
...An oil fund criticising oil companies? But the fund and Oslo argue it is a financial investor set up to diversify Norway’s revenues away from petroleum....
...The report, which is accompanied by documents from Chevron, BP, ExxonMobil, Shell, the American Petroleum Institute and the US Chamber of Commerce, finds the companies “worked for decades” to undermine public...
...The Strategic Petroleum Reserve has been drawn down in recent years to offset shortfalls sparked by Russia’s full-scale invasion of Ukraine....
...Investors have a right to know, as they do about the scope 3 emissions of Buffett’s investment in Occidental Petroleum....
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