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...The US government has imposed sanctions on companies accused of shipping or trading Russian oil in violation of western rules but is yet to target an individual for involvement....
...Texas, the leading US oil-producing state, has declared Climate Action 100+ to be anti-oil and blocked financial companies, including BlackRock, from doing business with the government....
...Barrack also warned that, depending on what the cartel does, the oil market could experience “extraordinary” volatility....
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...It comes amid a broader surge in merger and acquisition activity in the US oil and gas industry, as companies place bets on the future of the energy mix and appetite dwindles to build new pipelines amid...
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...Land owners are suing a Denver-based oil and gas company, alleging it systematically avoided cleaning up old operations, in a case that spotlights the prospect of US taxpayers shouldering billions of dollars...
...The merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...“If you talk to the oil people they are going to say the only way we can meet this energy demand is to use fossil fuels, but many of the customers of these data centres have made net zero CO₂ commitments...
...Republican attorneys-general in 24 states including Alabama, Kentucky and West Virginia sued the EPA last month in an effort to roll back rules curbing air pollution and capping methane leaks from the oil...
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...At the Adipec oil conference in Abu Dhabi in October, Auchincloss said he was “pretty optimistic” about the company’s direction....
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
...It dramatised a legal case brought against DuPont for contaminating water supplies in West Virginia, alleged to have contributed to cattle deaths and cancer clusters among locals....
...His comments followed the announcement last month of another delay to the Mountain Valley Pipeline, a 303-mile gas project stretching between West Virginia and Virginia that is opposed by green campaigners...
...West Virginia was the first state to target BlackRock and other financial firms deemed to boycott fossil fuel companies....
...An oil analyst at a US commodities trading house has been dismissed after a video that circulated on social media showed him in a tense exchange with an onlooker as he covered up what appeared to be posters...
...Shares of the company closed at 39 cents on Wednesday after it filed its bankruptcy petition in Virginia, down more than 99 per cent from a year ago....
...Water is used in most forms of fuel and power generation, for example, to pump for oil and gas or to produce steam in thermal power stations....
...And the big oil majors (Exxon, Conoco, Chevron) don’t look very cheap relative to the profit and revenue growth the street expects right now....
...He said the South American country had benefited from the easing of US sanctions on its oil industry in October and the entry of US companies such as Chevron....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...“We’re having the hottest year on record . . . and yet Wall Street is giving a lot of preference to oil companies over renewable companies,” Gluski said in an interview....
...Amazon plans to switch to biofuel made from waste oils for its back-up generators at all its data centres in Europe, starting with sites in Ireland and Sweden....
...The price of oil is being kept down by weak Chinese demand, despite Opec production cuts....
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