Oil and Gas
Supreme Court regulations Helix Energy oil rig employee who can make $200,000 is entitled to time beyond regulation
The Supreme Court docket of the United States on Captiol Hill, photographed on Tuesday, Feb. 21, 2023 in Washington, DC. Kent Nishimura | Los Angeles Situations | Getty Photographs The Supreme Courtroom dominated Wednesday that an offshore oil rig worker who earned a lot more than $200,000 each year — and whose enterprise classified him […]
Read More
‘Unpredictable’ election in Africa’s premier financial state is set to resonate all around the earth
ABUJA, Niger,a – Feb. 18, 2023: Supporters of Nigeria’s Labour Bash parade in the streets through a global march for the presidential prospect of Labour Celebration (LP) Peter Obi in advance of the Nigerian presidential election scheduled for February 25, 2023. KOLA SULAIMON/AFP through Getty Visuals Nigerians head to the polls on Saturday, with an […]
Read More
‘They started the war’: Russia’s Putin blames West and Ukraine for provoking conflict
A family members watches a Tv set broadcast of Russian President Vladimir Putin’s yearly point out of the nation tackle in Moscow on February 21, 2023. Yuri Kadobnov | Afp | Getty Pictures Russian President Vladimir Putin on Tuesday applied a greatly-watched speech to deny responsibility for the war in Ukraine and lash out at […]
Read More
Sanctions on Russian oil are getting the ‘intended outcome,’ IEA states
Russia declared that it would reduce oil generation by 500,000 barrels for each day in March after the West slapped value caps on Russian oil and oil items. Picture Alliance | Picture Alliance | Getty Photos Bans and cost caps focusing on Russian oil are possessing the “supposed result” regardless of shockingly resilient creation and […]
Read More
Soon after a bumper run, analysts say these 3 oil and gas shares are set for a different 50% rise
The oil and gas sector delivered buyers stellar returns in 2022 when the relaxation of the industry failed to perform. The S & P Oil & Fuel Exploration & Manufacturing Index was up 45% very last yr. In contrast, the broader S & P 500 index fell by 19% in excess of the exact period. […]
Read More
Oil price ranges increase 2% soon after Russia claims it will reduce output by 500,000 barrels a day
A perform-over rig performs maintenance on an oil nicely in the Permian Basin oil output area in the vicinity of Wink, Texas August 22, 2018. Nick Oxford | Reuters Russia will reduce oil output by 500,000 barrels for each working day in March, Deputy Primary Minister Alexander Novak mentioned on Friday, next Western bans on […]
Read More
As Brits reel from a cost-of-living crisis, the UK stock market quietly booms to an all-time high
The sun rises over the city on Feb. 6, 2023 in London, United Kingdom. Leon Neal | Getty Images News | Getty Images LONDON — The U.K. is facing the weakest growth prospects in the G-7 and a catalogue of cost-of-living pressures that are pushing the poorest into crisis and intensely squeezing the budgets of […]
Read More
Investors sue Shell’s board of directors over climate strategy in a first-of-its-kind lawsuit
Shell recently reported its highest-ever annual profit of nearly $40 billion. Paul Ellis | Afp | Getty Images Shell’s directors are being personally sued for allegedly failing to adequately manage the risks associated with the climate emergency in a first-of-its-kind lawsuit that could have widespread implications for how other companies plan to cut emissions. Environmental […]
Read More
Azeri BTC crude loadings suspended at a important oil export hub in Turkey soon after earthquakes
A satellite graphic displaying the port of Ceyhan centred on August 18, 2015 in Turkey. Gallo Photographs | Gallo Photographs | Getty Photos Crude oil loadings from Turkey’s Baku-Tbilisi-Ceyhan terminal in the Mediterranean have been suspended following a twin established of earthquakes that devastated Turkey and Syria on Monday, leaving above 9,000 useless. The BTC […]
Read More
Massive Oil rakes in report revenue haul of almost $200 billion, fueling phone calls for better taxes
Deer graze inside of the gates of the Exxon Mobil Joliet refinery on the Des Plaines River. Exxon Mobil’s 2022 haul of $56 billion marked a historic high for the Western oil business. Chicago Tribune | Tribune News Support | Getty Photos The West’s five biggest oil businesses raked in merged profits of practically $200 […]
Read More