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...“These oil deliveries constitute a full-frontal assault against the sanctions regime, which is now on the brink of collapse,” said Hugh Griffiths, a former co-ordinator of the UN panel that monitors sanctions...
...In 2014, the company recruited Magid Shenouda, a former co-head of commodities at Goldman Sachs. Shenouda was previously tipped as a possible successor to Dunand and Jaeggi....
...Shell and other producers, argue LNG has a role to play in the energy transition because, when burnt, it produces half the CO₂ of coal for the same amount of energy and 30 per cent less than oil....
...Under the scheme, Trafigura and its co-conspirators agreed to make illicit payments of up to 20 cents per barrel of oil products bought from or sold to Petrobras, and to conceal the bribes via shell companies...
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Natural gas emits less CO₂ than coal when burnt, but its main component, methane, is a more potent greenhouse gas than carbon dioxide, albeit shorter-lived....
...Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market...
...On Wednesday, it also published a new 2030 target to cut CO₂ emissions by 25 per cent from 2019 levels, and intends to provide shareholders more information about how it will reach its goal of a 50 per cent...
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...Privately owned Mercuria has not outlined a succession plan for CEO and co-founder Dunand, who is 63 this year....
...Despite the boost in decarbonisation funding over the next six years, Adnoc aims to spend $150bn on capital expenditure mainly to expand its oil and gas production capacity over in a five year plan launched...
...Here’s more on the oil industry’s bonanza....
...“There is no way the US rig count grows after the recent wave of consolidation,” Conrad Gibbins, co-head of the upstream Americas business at Jefferies, told me....
...These have enjoyed less scrutiny than publicly traded oil majors such as ExxonMobil and Shell, though they account for more than half of global oil and gas production and nearly 60 per cent of reserves....
...imposed by the UK in co-ordination with G7 partners”....
...principle is always the same: flatten the meat (you can use a mallet, but we find the broad side of a chef’s knife does a terrific job), leave it for a bit in a simple but assertive marinade that includes good oil...
...BYD, which last month said it was “officially opening a new era of electricity that is lower than oil”, is discounting nearly all the electric and hybrid car models it has on the market....
...“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....
...The main buyers of the assets were state-controlled oil group Saudi Aramco and Mol, the Hungarian oil company....
...Even if it can be shown to work, by sequestering more CO₂ than it produces, it is an energy intensive process and is only viable with a “green” energy source....
...Spiced coconut sweet potatoes To serve four To top Heat the oil in your widest pan and place the sweet potato rounds flat in one layer. Let them get a nice golden brown before you flip them over....
...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....
...Exxon forecasts oil production of 3.8mn oil-equivalent barrels a day in 2024, compared with 3.7mn b/d this year....
...“This backtracking removes any doubt about Shell’s intentions: the company wants to stay in fossil fuels as long as possible,” he said, urging investors to back the climate resolution it co-filed with 27...
...In a small saucepan, whisk the egg yolks with the lemon zest, then add the lemon juice and olive oil and whisk to combine again. Add the flour and some of the cooking liquid and whisk again....
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