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Standard Lithium names David Park as CEO

Park, in a prior role, has served as the president at a unit of Koch Industries, Standard Lithium's biggest shareholder.

Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/ File Photo
BusinessEconomyNatural GasNewsOilPolitics

North Sea oil and gas producers say UK windfall tax is a ‘wrecking ball’

Drilling companies say to expect a sharp drop in revenue following increased UK windfall tax on oil and gas companies.

An exhibition booth of Shell is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
News

Shell beats forecasts with $6.3 billion second quarter profit

Shell reported Q2 profit of $6.3bn, a drop of 19% from the previous three months, as refining margins and oil and gas trading...

FILE PHOTO: The logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
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Prosecutors press Brazil regulators on Petrobras license to drill near Amazon mouth

Brazilian prosecutors urge Ibama to block Petrobras' Amazon drilling, demanding a response within three days or face penalties.

FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessNatural GasNewsOil

US oil and gas mergers continue at furious pace in Q2, says Enverus

Blockbuster has and oil mergers companies are continuing well into Q2 this year with $30bn in tie-up deals for fossil fuel giants.

News Release

CF Industries Announces Emissions Reduction Project at Yazoo City, MS, Facility, Agreement with ExxonMobil to Transport and Sequester Up to 500,000 Metric Tons CO2 Annually

NORTHBROOK, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF), the world’s largest producer of ammonia, today announced that it is moving forward with a...

FILE PHOTO: The prices at a Valero Energy Corp gas station are pictured in Pasadena, California October 27, 2015.  REUTERS/Mario Anzuoni/File Photo
BusinessFinanceFuelNewsOil

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower Q2 profit on Thursday, but beat earnings estimates as strong processing volumes offset a margins slump

FILE PHOTO: U.S. Senator Edward Markey (D-MA) alongside Senate Democrats speaks during a press conference addressing a new policy that demands recipients of foreign military aid to follow international humanitarian law at the U.S. Capitol in Washington, U.S., February 9, 2024. REUTERS/Nathan Howard/File Photo
BusinessFuelLegislationNewsOilPoliticsRegulationsTrade

US Democrats launch bill holding oil firms accountable for any work with OPEC

The bill proposes to penalize energy companies found colluding with OPEC by revoking their eligibility for new federal leases.

FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. Picture taken February 10, 2019.    REUTERS/Nick Oxford/File Photo
BusinessFinanceFuelInfrastructureNatural GasNewsOilTransmissionUtilities

US oilfield firms slash prices as mega-mergers shrink customer base

A wave of mega-mergers among oil producers is forcing the US service companies to slash their prices, merge, or risk bankruptcy

News Release

ExxonMobil to Release Second Quarter 2024 Financial Results

SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) will release its second quarter 2024 financial results on Friday, August 2, 2024. The company will...

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