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Investors turn heat on Big Oil ahead of U.N. climate summit
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LONDON (Reuters) – Investors managing $15 trillion in assets turned up the heat on oil and gas sector on Wednesday ahead of a United Nations summit in New York aimed at accelerating efforts to fight climate change. FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Read MoreMaha Energy AB (publ) (“Maha” or the “Company”) Announces Operational Update and Changes in Senior Management
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Maha Energy AB (publ)Strandvägen 5ASE-114 51 Stockholmwww.mahaenergy.ca Press releaseStockholmSeptember 16, 2019 Maha Energy AB (publ) (“Maha” or the “Company”) Announces Operational Update and Changes in Senior Management 7-TTG-3D-SES Update The Company is pleased to provide the following operational update for the drilling of 7-TTG-3D-SES well (the “Well”). After 65 days of Well drilling operations, a Read MoreTrump backs plan that would boost biofuel quotas 10% in 2020
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NEW YORK (Reuters) – U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump Read More
Analysis: Oil prices spike post-Saudi attacks add pressure on Indonesia to cut gasoline imports
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The surge in international outright oil futures is likely to increase the cost of Indonesia’s imports substantially and seriously hamper Jakarta’s efforts to trim its lofty current account deficit, putting added pressure on state-run Pertamina to reduce its gasoline purchases. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now International Read MoreOxyContin maker Purdue Pharma files for bankruptcy protection
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NEW YORK (Reuters) – OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a Read MoreU.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
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HOUSTON (Reuters) – U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. FILE PHOTO – A pump jack operates in the Permian Basin oil and natural Read More
Attacks on Saudi oil risk lowering Aramco IPO valuation
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By Shaji Mathew, Filipe Pacheco and Sarah Algethami on 9/15/2019 DUBAI (Bloomberg) – As bankers discussed Saudi Aramco’s initial public offering at the Ritz Carlton hotel in Dubai last week, a drone attack was being planned to hit the heart of its operations over the weekend. It caused Saudi Arabia to halve its oil output Read More