Investors urge Teck to engage with Glencore after rejecting $23bn takeover bid April 16, 2023 Teck Resources is facing increasing pressure from its own investors to hold talks with Glencore and abandon its own plans to split up its business.
Exxon boss’ pay rose 52 per cent in 2022 – the highest among oil peers April 16, 2023 Exxon boss Darren Woods has enjoyed a hefty 52 per cent hike in his pay packet - rising to $35.9m last year.
‘Mob-like tactics’: Peers urged to scrap plans allowing gas network to enter homes and switch boilers WITHOUT consent April 14, 2023 Campaigners are urging peers to scrap a proposed law allowing gas distribution networks to switch boilers to hydrogen without consent.
Slow pace on nuclear putting UK energy goals at risk, argues SMR player April 14, 2023 The UK should speed up its plans to revive nuclear power to ensure it can meet its energy security goals, argued SMR specialist Newcleo.
Teck rebuffs Glencore’s sweetened bid and tweaks own restructuring April 14, 2023 Copper miner Teck Resources has rejected a sweetened bid from Glencore and made changes to its own restructuring plan.
Total ‘underestimate business risks’: Activist investors to disrupt AGM over fossil fuel failures April 13, 2023 Total Energies “completely underestimates the business risks” of being over-reliant on fossil fuels warns Follow This.
OPEC cites risks to summer oil outlook, holds demand forecast April 13, 2023 OPEC has flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers.
Approving Rosebank oil and gas field ‘a huge mistake’, government told April 13, 2023 Climate groups have urged the government not to approve the Rosebank project, one of the largest undeveloped fields in the North Sea.
Ukraine’s Naftogaz says Russia told to pay $5bn for seizing Crimea assets April 13, 2023 Naftogaz revealed Moscow had been ordered by an arbitration court in The Hague to pay $5bn compensation for unlawfully expropriating assets.
‘Turning point’ in shift to clean power? Fossil fuel emissions from electricity due to have first EVER annual drop April 12, 2023 The world is on course for the first annual drop in the use of coal, oil and gas to generate electricity outside of a global recession or pandemic.