Energy News Beat Britain’s climate watchdog has privately admitted that a number of its key net zero recommendations may have relied on insufficient data, it has been claimed. Sir Chris Llewellyn Smith, who led a recent Royal Society study on future energy supply, said that the Climate Change Committee only “looked at a single year” of data showing the […]
Energy News Beat In an oil and gas report sent to Rigzone recently, Macquarie strategists said they do not expect current Mid East tensions to reduce crude supply, “even with large changes to normal shipping routes already underway”. “According to our global intelligence and security colleagues Michael Bender and Mariya Dimova, no major actor wants […]
Energy News Beat HOUSTON, Jan 21 (Reuters) – Exxon Mobil Corp (XOM.N), opens new tab on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder […]
Energy News Beat In a statement sent to Rigzone recently, Unite the union said around 100 offshore drillers employed by Odfjell Technology (UK) Ltd, working on Equinor’s Mariner platform, are set to strike over three months to secure improvements to working rotas. “Unite members voted unanimously in favor of strike action, and by 99 percent […]
Energy News Beat On October 23, 2023 ExxonMobil announced the acquisition of Pioneer Natural Resources in an all-stock transaction valued at approximately $64.5 billion. The acquisition would combine Pioneer’s more than 856,000 acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the adjacent Delaware and Midland Basins resulting in an estimated 16 billion barrels of […]
Energy News Beat Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the U.S. energy sector. Under the terms of the definitive agreement, NuStar common unitholders will receive 0.400 Sunoco […]
Energy News Beat Iran’s Supreme Leader Ayatollah Khamenei gave his official approval to a new 20-year comprehensive cooperation deal between the Islamic Republic of Iran and Russia. The agreement will replace the 10-year-deal signed in March 2001 and has been expanded not only in duration but also in scope and scale. The new deal includes […]
Energy News Beat Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the U.S. energy sector. Under the terms of the definitive agreement, NuStar common unitholders will receive 0.400 Sunoco […]
Energy News Beat The Increasing Global Demand for Nuclear Power The global demand for nuclear power is on the rise, with policymakers recognizing the safety and environmental benefits of nuclear energy in comparison to fossil fuels and renewables. This shift in preference is backed by a global survey conducted by market research firm Savanta on […]
Energy News Beat It’s an information warfare provocation intended to manipulate voters’ perceptions of the frontrunner to the point that a run-off election is scheduled this summer, which could then give the US’ preferred candidate the chance that he needs to come to power and align Indonesia with America against China in the New Cold […]
