Archives for February 2020
Icahn wants Occidental to say if it was takeover target before Anadarko deal
Activist investor Carl Icahn is calling on the leadership of Occidental Petroleum Corp. to reveal whether they were approached by any potential buyers prior to agreeing to acquire Anadarko Petroleum Corp. for $37 billion. Source:...
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Massive Exxon refinery fire poses new threat to oil demand
(Bloomberg) — A fire broke out early Wednesday at Exxon Mobil Corp.’s Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the U.S. The outage at the massive complex —...
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Oil rally continues on optimism that virus spread is slowing
Oil traded above $51 as signs that the spread of Asia’s coronavirus may be slowing, lifting investor confidence that crude’s sell-off has peaked. Source: FuelFix
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BP's new CEO sets net-zero carbon goal to fight climate change
BP’s new CEO Bernard Looney has set a goal to reduce greenhouse gas emissions and become a net-zero carbon company by 2050. Source: FuelFix
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House GOP offers alternative climate plan
Top House Republicans released a package of bills Wednesday designed to reduce the volume of carbon dioxide in the atmosphere, as public awareness around climate change grows. Congressmen including House Minority Leader Kevin McCarthy, of...
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