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...“After Paramount DMCC ceased marketing Russian oil in August 2023, Niels Troost has had no involvement in the Russian oil market whatsoever, directly, indirectly or through business interests.”...
...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....
...Russia remains one of the world’s most important energy exporters despite western sanctions on its oil and gas sector....
...of marketing in general.”...
...“If unscrupulous ships’ crews and owners think they can get away with dumping oil in certain parts of the world they’ll do it,” Kenney said....
...still comes from oil and gas....
...“I am positive on the company, but the lack of a clear exit through an IPO is a big problem,” the investor said....
...Oil majors and state-owned companies are behind the majority of new discoveries and approvals....
...A report released by Carbon Tracker this week found the world’s biggest oil and gas companies still not aligned with the goals of the Paris Agreement on tackling climate change, despite corporate messaging...
...A dozen of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies following detection of 26 large leaks of the planet-warming...
...Russia’s Rosneft warned that any move to nationalise its assets in Germany would “damage the safety of investment forever”, after Berlin told the oil company it was considering the step to bolster its energy...
...However, among the stakeholders to lose out, in Martin’s analysis, is the company itself in the long term....
...Alejandro Alegre, marketing director at STC, a security company that carried out a survey of supermarkets, said it was unusual to see an essential food item so high up the theft list....
...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....
...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....
...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...Western governments have also been wary of tightening sanctions on Russia’s oil and gas industry over concerns it could lead to a surge in commodity prices that destabilises the world economy....
...Elsewhere in the FT, this fascinating piece by Alexandra Heal and Jana Tauschinski delves into the murky world of oil slicks, and how to monitor them. Enjoy reading....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...I reported this week on the new phase that the US shale patch has now entered as private players exit the stage and a handful of large public players reign supreme in the world’s biggest oil-producing nation...
.../ From Professor Anirban Mukhopadhyay, Professor of Marketing, Bayes Business School, London EC1, UK...
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...The nation overtook Qatar to become the largest exporter of liquefied natural gas in the world last year....
...highest paid bankers in the world last year....
...The stock had risen 27 per cent over the past five years to Tuesday, compared with a 64 per cent rise in the S&P 500 oil refining and marketing index over the same period....
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