Tag: energy
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Chevron aspires to reduce or offset carbon emissions from operations by 2050
Chevron Corp. said Monday it has an “aspiration” to reduce or offset carbon emissions from its operations to zero by 2050, as investor and public pressure mounts on oil producers to respond to climate change. The company also for the first time set a target for reducing the intensity of the carbon emissions from the fuel and…
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OPEC+ decision leads to higher oil prices
OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude prices to their highest levels since 2014. West Texas Intermediate, the main U.S. oil price, rose 2.3% to close at $77.62 a barrel. Brent, the…
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Positive VIB3S
I get a 4 out of 5 in podcast quality, I rebalance a portfolio for sector exposure, receive a shareholder letter that I’ve never received before, and more!
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Höegh LNG Partners reaches agreement with lenders to defer maturity date of the commercial tranche of its PGN FSRU Lampung debt facility
I’m not sure if this is good news or bad news. They don’t expect the refinancing to have better terms than the current debt. Therefore, if that is true, it will have a negative impact on unitholders. Höegh LNG Partners LP (HMLP) announced that it has entered into an agreement with its lenders to defer…
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Royal Dutch Shell to sell $9.5 billion oil field to Conoco Phillips
Royal Dutch Shell RDS.A -2.16% PLC is close to a deal to sell assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion, according to people familiar with the matter. The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon…
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China starts closing their doors
Market drops 2%, China starts closing off, Microsoft buybacks, Social Security COL, Wind power blows in the UK, and more!