Adani Offshore Investor Has Links to Adani Family
BusinessAsiaA short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors...
Energy
Energy CEO Fights Climate Science. And LinkedIn. North Face, Too.
Liberty Energy CEO rails against what he says is an alarmist call for a transition away from fossil fuels. Source...
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors
BusinessEarningsThe results bring to more than $132 billion the combined profit last year of the three big majors Source link
OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
The Offshore Oil Business Is Gushing Again
The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship...
Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies...
Europe’s Mild Winter Cushions Economic Blow of Ukraine War
Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession...
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next month. Source link
Tourism and Manufacturing Fight for the Future of Power in Europe
The Ukraine war has spurred the EU to accelerate the shift away from natural gas to wind and solar power,...
After a Bumpy Year, Renewable Energy Looks Poised for Boom Times
The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production...
Russia Bans Sales of Oil to Countries Imposing Price Cap
The action follows moves by the Group of Seven nations barring Western companies from insuring, financing or shipping Russian crude...
Oil-and-Gas Companies Seek ESG Loans, Pledging Emissions Cuts
MarketsCredit MarketsFirms offer securities tied to decarbonization objectives as they seek new investors Source link
Honeywell to Pay $203 Million in Settlements Over Brazil, Algeria Bribery
Honeywell International Inc. will pay nearly $203 million to resolve investigations in the U.S. and Brazil into bribes paid to...
Bank of England Raises Rates by 0.5 Point, Slowing Pace of Tightening
WorldEuropeDecision follows a similar move by the Swiss National Bank on a busy day for Europe’s most influential central banks...
Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration’s call for more investment to expand production and curb pump prices. Source...
U.S. Opens First Auctions for California Offshore Wind Rights
BusinessProjects, which would bring floating wind turbines to West Coast, face challenges due to deep waters off California’s coast Source...
Oil Price Rises After Russia Cap Kicks In
MarketsCommoditiesThe sanctions aim to crimp Russia’s oil income while preventing a surge in energy prices Source link
OPEC+ Keeps Oil Curbs Despite Russia Price Cap
WorldGroup led by Saudi Arabia and Russia also faces slowing demand in China Source link
