Activist investor Kimmeridge Energy Management Co. has built new positions in Ovintiv Inc., PDC Energy Inc., and Cimarex Energy Co. and plans to push for changes at the oil and gas companies to improve their performance and governance. SourceContinue Reading
The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway. SourceContinue Reading
Aramco issued the debt on Tuesday after slumping crude prices caused profit to fall by 45% in the third quarter. That’s left it unable to generate enough cash to fund promised shareholder payouts reaching $75 billion this year. SourceContinue Reading
By adding hydrogen to the crude oil it already produces and sells, Saudi Arabia hopes to preserve its role as an important energy supplier, including to countries shifting away from pollution-emitting fossil fuels. SourceContinue Reading
Oil Prices Under Pressure As Oil And Gasoline Inventories Build | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Nov 18, 2020, 9:40 AM CST Oil prices fell slightly on Wednesday morning after...Continue Reading
Indigenous Group Pours C$1B Into Keystone XL | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Nov 18, 2020, 9:30 AM CST A Canadian indigenous group has struck a deal with TC Energy...Continue Reading
UK To Ban Sales Of Gasoline Cars From 2030 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Nov 18, 2020, 9:00 AM CST The UK government will ban sales of gasoline and diesel cars from 2030, the BBC reported, citing Prime Minister Boris Johnson. The...Continue Reading
Partnerships with indigenous communities, which often spearhead opposition to oil pipelines, is one of several strategies that TC Energy hopes will make the project more palatable to the incoming administration in the U.S., said Bevin Wirzba, TC’s president of liquids pipelines. SourceContinue Reading
Chevron has long argued the U.S. benefits from having a producer on the ground in a country that holds the world’s largest crude reserves. But Trump’s sanctions against Maduro’s regime have won bipartisan support, making it difficult for Biden to change tack. SourceContinue Reading
