Singapore moves ahead with plan to import clean energy
Singapore took further steps toward its goal of sourcing renewable power abroad by inking agreements with Indonesia and Cambodia.
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Watch: Boris Johnson says UK has to keep North Sea oil and gas flowing
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
There’s a fortune to be made in the obscure metals behind clean power
The era-defining shift from fossil fuels to clean energy will deliver an unprecedented new boom for commodities—and an opportunity for investors—as a range of relatively obscure materials become essential to delivering emissions-free power, transport and heavy industry.
‘A merger of almost equals’: Jefferies on reported Harbour – Neptune plans
A merger of Neptune and Harbour Energy would create a company with market capitalisation of $10bn - $11bn, according to new analysis from Jefferies.
BP CEO says investors back current strategy
The two-day Bloomberg Sustainable Business Summit, which is underway, is focused on topics ranging from the transition to a net-zero economy to the future of sustainable investing.
Activist’s fight at ExxonMobil started with lessons at a coal mine
The activist investor who just scored a major victory at ExxonMobil this week says he learned a key lesson he brought to the boardroom battle from a failed coal mine he tried to launch in the mid-2000s.
ExxonMobil activist battle turns climate angst into referendum on CEO
An unprecedented fight over who should sit on the board of ExxonMobil is turning into a referendum on chief executive Darren Woods as a decades-long struggle by climate campaigners comes to a head.
UK ministers consider ban on new North Sea exploration – report
UK ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.
Shell makes largest purchase of North Sea oil in a decade as prices power higher
Shell snapped up the largest amount of North Sea oil in over a decade during the market’s main trading window for physical cargoes, underpinning signs of sharply tightening supplies.
Oil drops for third day before OPEC+ reviews easing output cuts
Oil fell below $42 a barrel in New York as OPEC+ gathered to assess its supply deal, with countries struggling to contain the virus that’s hurt economies and fuel demand globally.
Oil takes worst weekly tumble Since 2008
Oil headed for its biggest weekly drop since 2008 as an unprecedented dual supply-demand shock showed no signs of abating.
German firm powers up solar farm in heart of Texas oil field
German utility RWE has completed construction of a 100-megawatt solar farm in heart of the West Texas oil patch.
Next US President should ‘halt’ oil and gas subsidies, Bloomberg says
American billionaire and Democratic presidential contender Michael Bloomberg has said the next US leader should halt fossil fuel subsidies altogether.
Enel to sell US wind power to Bloomberg
Energy firm Enel announced yesterday that it would sell wind energy from its Illinois wind farm to financial news firm Bloomberg and General Motors.
Exxon can’t find up to a year of Rex Tillerson `tracker’ emails
Exxon Mobil Corp. may have lost as much as a year’s worth of emails that former chief executive officer Rex Tillerson used to discuss climate change risks and other sensitive issues under the alias ‘Wayne Tracker,’ a lawyer for New York state has told a judge.
Russian oligarch fortunes hit by oil price decline
The global drop in oil price has impacted on the fortunes of some of Russia’s best known businessmen.
Shell stock cheapest in six years for buyers braving takeover doubts
It’s the cheapest opportunity in six years to be a shareholder in Europe’s largest oil and gas company.
Technip swings to loss as oil industry downturn lasts
Technip SA swung to a loss in the second quarter after Europe’s biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.