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...In recent months, Shell has also become embroiled in a dispute with US-based Venture Global LNG, alleging the company is refusing to honour a multibillion-dollar supply contract....
...Western companies including ExxonMobil and Chevron use the pipeline, which Moscow briefly shut in 2022. “We do not encourage or enable attacks inside of Russia,” an NSC spokesperson said....
...Her moves come against the backdrop of a strategic push by the US and Australia to build critical minerals supply and refining capacity to reduce dependence on China, which accounts for about 60 per cent...
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday as it reported profits that fell short of Wall Street expectations....
...Among companies taking advantage is London-based oil supply company Prax Group, which in December agreed to buy a 37.5 per cent stake in the PCK refinery in Schwedt, north-east Germany, from Shell....
...ExxonMobil was awarded $331.9mn to substitute hydrogen for natural gas at a Baytown, Texas olefins production facility. Consumer goods companies also received support....
...That compares with the average of 100,000 a day that were offline because of maintenance work in December, and is about a tenth of the US’s total refining capacity of about 10mn barrels a day....
...The disclosures relate to its oil production and refining operations there, where the company can trace its history back more than 140 years....
...The company’s assets will be transferred to GEPetrol, the national oil company....
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday, as it and rival Chevron reported profits that fell short of Wall Street expectations...
...He said the deal made sense in terms of boosting efficiency and ensuring the company had resources that could plug into its large refining and chemicals assets on the Gulf coast....
...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...
...Weaker refining margins will reduce downstream profits by $2bn to $2.2bn....
...First proposed by the European Commission in 2022, it would require companies to identify any environmental and social harms in their supply chains, and act to address them....
...European plans of creating a battery supply chain for electric cars independent of China face big delays as companies focus on the US market because of clean energy subsidies, a top manufacturer has warned...
...Exxon says its integrated model of oil extraction and refining uniquely gives it the scale to squeeze out costs....
...Shell said the sale was part of the company’s strategy to cut down its global refining portfolio and focus on large sites integrated with its chemicals and trading businesses....
...Malmendier Legal said that the economy ministry had informed it on Tuesday this week that it was considering expropriating shares in Rosneft Deutschland GmbH and RN Refining & Marketing GmbH....
...ExxonMobil’s profits tumbled as the company said oil prices were returning to “normal”, signalling an end to the commodity turmoil that has roiled the global economy since the start of the war in Ukraine...
...The excess supply led to a 60-per-cent slide in the price of lithium and drove bankruptcies of companies including Alita and Nemaska in Australia and Canada, respectively....
...Last week, ExxonMobil agreed to buy Pioneer Natural Resources for nearly $60bn, which is just a huge amount....
...“It is a bit easier on crude and LNG, where we are able to tap into various supply points that we have to meet customer demand,” he said....
...Global mining companies have called for a green premium for sustainably produced nickel traded on the London Metal Exchange, as a flood of allegedly “dirty” supplies from Indonesia squeezes profits for producers...
...(Shotaro Tani) Power Points ExxonMobil has, for the first time, sued to block climate activists’ shareholder proposal from going to a vote at its upcoming investor meeting....
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