Industry Insights
In Praise Of King Canute
Michael Kile At first glance there would appear to be no connection between an ancient monarch, a small island nine kilometres south of Papua New Guinea and 160 kilometres north of Cape York, […]
Month: October 2022
Industry Insights
Cardinal Czerny: The Time for Climate Denial and Populism is Over
Essay by Eric Worrall According to Canadian Cardinal Michael Czerny, Hurricane Ian which recently struck Florida shows that people should stop listening to populist politicians and climate skeptics. October 5, 2022 12:01 AM GMT+10 […]
Finance
Banks ‘to face Lehman moment’ over stranded fossil fuel assets, report warns
Published today by NGO Finance Watch, the research uses data from 31 December last year to assess the exposure of banks to risks related to the fossil fuel sector, based on their financial flows. It […]
ESG
Princeton’s $38 Billion Endowment to Exit Holdings in Fossil Fuel Companies
Princeton University’s $38 billion endowment will eliminate all holdings in publicly traded fossil fuel companies as part of the university’s fossil fuel dissociation policy, and as part of its commitment to achieving a net zero […]
Industry Insights
A Few Graphs Say It All for Weather-Dependent “Renewables”
From edmhdotme Ed Hoskins A few graphs say it all for Wind and Solar power This is the 10-year productivity record for European Weather-Dependent “Renewables”: that is the annual power output divided by the […]
Crude Oil News
OPEC+ agrees deep cuts to oil production despite U.S. pressure
VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ agreed its deepest cuts to oil production since the 2020 COVID pandemic at a Vienna meeting on Wednesday, curbing supply in an already tight market despite pressure from the United […]
Crude Oil News
EU Ambassadors Agree On A Russian Oil Price Cap
European Union ambassadors have reached an agreement on a new package of sanctions against Russia, including a price cap. The political agreement on the price cap contains measures to soften the impact of the sanctions […]
Finance
EOG Resources Announces Bill Thomas’ Retirement and Ezra Yacob as Next Chairman of the Board
HOUSTON, Oct. 4, 2022 /PRNewswire/ — EOG Resources, Inc. (EOG) today announced that William R. “Bill” Thomas has elected to retire from the board of directors and that Ezra Y. Yacob, Chief Executive Officer, has been appointed to the role […]
Top News
OPEC+ set for ‘important’ meeting, with big oil production cuts in play
OPEC and its allies appear set to announce production cuts for November at their meeting Oct. 5, in defiance of White House pressure to avoid a potential spike in oil prices, though the size and […]
Crude Oil News
Nord Stream operator says unable to inspect damaged sections of gas pipeline
The operator of the Nord Stream gas pipeline from Russia to Germany is unable to inspect damaged caused to the two-string link because it has not yet received the relevant approvals, it said late Oct. […]