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...“We always stand for a co-operation between other countries,” said Oyun-Erdene, who made official visits to both Beijing and Washington in 2023....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...Exxon is leading a fightback by the petrochemicals industry against UN plans to limit the production of plastics....
...Even as the two companies are fierce competitors and juxtaposed by Wall Street, they co-operate and partner around the world....
...Follow This said it would instead refocus its efforts on a resolution it had co-filed with 27 big investors, including Amundi, at Shell’s annual meeting later this year....
...And despite looking at some projects in the EU, Exxon has spent very little of its $20bn decarbonisation budget in the region....
...additional low-carbon investment would be focused on its nascent lithium extraction venture and on expanding its carbon management business, which recently tacked on the nation’s biggest carbon dioxide pipeline...
...The short answer is that higher bond yields have clogged up the PE pipeline. Bain & Co’s latest private equity review gives a longer answer....
...In the medium term, this effectively eliminates consideration of pipelines and onsite co-located production....
...The watchdog, which closely monitors Europe’s energy market for adverse developments, plays a lead role in co-ordinating national regulatory bodies....
...for other big investors to co-file with them....
...Exxon paid $5bn for Denbury Resources in July, acquiring assets including its extensive network of carbon dioxide pipelines....
...Denbury owns the biggest pipeline network in the US for transporting and storing CO₂....
...The all-stock transaction values Denbury at $4.9bn, roughly in line with its Wednesday closing price, and will give Exxon access to America’s biggest owned and operated CO₂ pipeline network, stretching 1,300...
...The all-stock transaction will give Exxon access to the US’s biggest carbon dioxide pipeline network, stretching across Texas, Mississippi and Louisiana....
...That cash flow is being ploughed into both drilling and carbon capture technology, including CO₂ sequestration facilities, transport pipelines and storage concentrated along the Gulf of Mexico coast....
...The UK’s Takeover Panel, which oversees local deal activity, has named Barclays’ co-head of M&A for Emea Omar Faruqui, as its director-general....
...Last week Exxon revealed that its chief executive, Darren Woods, had received remuneration of $36.9mn last year, slightly more than Calhoun and almost four times as much as the heads of Shell and BP....
...“There is no way the US rig count grows after the recent wave of consolidation by Exxon, Chevron, Diamondback and Occidental,” said Conrad Gibbins, co-head of the upstream Americas business at Jefferies....
...Chris Boerner, BMS’s chief executive, said the drugmaker had “important advances in our pipeline and the closure of several strategically important transactions” in the first quarter, adding that his focus...
...He will also receive about $150mn in Exxon stock in exchange for his Pioneer shares and join the supermajor’s board as a director. The deal came quickly....
...Pharma companies, while talking up pipelines, are turning to deals to boost their growth outlook....
...The project faced opposition from local landowners, who expressed concerns about safety and property seizures, and some environmentalists who describe CO₂ pipelines as dangerous and a way to prop up the...
...A company backed by BlackRock has abandoned plans to build a 1,300-mile pipeline across the US Midwest to collect and store carbon emissions from the corn ethanol industry following opposition from landowners...
...— as is often assumed — but instead is needed just to support the same pipeline as in the past (in terms of AAAs/year) in the face of competition,” says JPMorgan....
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