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Americas VLCC rates jump over 17% on increased activity after Saudi attacks

5 days ago DieselGasoil Comments Off on Americas VLCC rates jump over 17% on increased activity after Saudi attacks
Houston — Americas VLCC freight increased more than 17% on US Gulf Coast-loading markets Monday following the attacks on Saudi oil production infrastructure, as bullish owners took advantage of tightened availability in the Americas and a volley of freshly opened cargoes and pushed freight to match strengthened global VLCC sentiment. Not registered? Receive daily email Read More

Billionaire investor Carl Icahn to leave New York for Florida

1 week ago DieselGasoil Comments Off on Billionaire investor Carl Icahn to leave New York for Florida
BOSTON (Reuters) – Billionaire investor Carl Icahn, a born New Yorker who has run his business from the city for decades, is moving his office, more than half of his staff and himself to Florida early next year, people familiar with the plan said on Thursday. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview Read More

Occidental CEO calls for new U.S. laws to boost carbon capture

1 week ago DieselGasoil Comments Off on Occidental CEO calls for new U.S. laws to boost carbon capture
CHICAGO (Reuters) – Occidental Petroleum Corp (OXY.N) plans to shift toward a carbon-neutral production model, it chief executive said on Thursday, but new U.S. laws are needed to support technologies designed to fight global warming. FILE PHOTO: Vicki Hollub, President and CEO of Occidental Petroleum, speaks at the 2019 Milken Institute Global Conference in Beverly Read More

Exclusive: Repsol in advanced talks to buy Exxon assets in Gulf of Mexico – sources

2 weeks ago DieselGasoil Comments Off on Exclusive: Repsol in advanced talks to buy Exxon assets in Gulf of Mexico – sources
(Reuters) – Spanish oil giant Repsol SA (REP.MC) is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp (XOM.N) for about $1 billion, three people familiar with the matter said on Monday. FILE PHOTO: An Exxon gas station is seen in Houston, Texas, U.S., April 30, Read More

Big Oil gathers Permian riches as shale stocks collapse

2 weeks ago DieselGasoil Comments Off on Big Oil gathers Permian riches as shale stocks collapse
By Kevin Crowley on 9/5/2019 HOUSTON (Bloomberg) – A bloodbath in energy stocks is creating a rich opportunity for Big Oil to dominate America’s hottest shale play. Independent producers in the Permian Basin of Texas and New Mexico are trading much lower than when Chevron bid for Anadarko in April. Royal Dutch Shell and ConocoPhillips Read More

Exxon eyes oil MandA as clean energy shift seen taking decades

3 weeks ago DieselGasoil Comments Off on Exxon eyes oil MandA as clean energy shift seen taking decades
By Kevin Crowley on 9/4/2019 HOUSTON (Bloomberg) – Exxon Mobil CEO Darren Woods is eyeing oil and natural gas deals despite calls to reduce emissions, saying any shift in the world’s energy supply will take decades. “Energy transitions take a long time,” Woods said Wednesday at the Barclays CEO Energy-Power Conference in New York. “In Read More

Denmark’s MP Pension to divest shares in 10 leading oil majors

3 weeks ago DieselGasoil Comments Off on Denmark’s MP Pension to divest shares in 10 leading oil majors
London — MP Pension, a Danish fund which manages about $17 billion, is selling its holdings in the world’s ten biggest listed oil companies on the grounds their business models are currently incompatible with the Paris climate goals. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under the move, Read More

Icahn opposes new directors chosen by Occidental CEO

3 weeks ago DieselGasoil Comments Off on Icahn opposes new directors chosen by Occidental CEO
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Activist investor Carl Icahn on Wednesday opposed the appointment of two new directors picked by Chief Executive Officer Vicki Hollub for Occidental Petroleum Corp’s (OXY.N) board. Read More