[ad_1] Even China’s voracious appetite for thermal coal hasn’t been able to arrest sliding prices of the dirtiest fossil fuel. Blame an influx of supply from Indonesia and Australia, and…
Tag: Fossil Fuels
Shell Flags Earnings Hit of Up to $4.5 Billion From Impairments
[ad_1] Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly…
WSJ News Exclusive | Southwestern, Chesapeake Near $17 Billion Merger
[ad_1] Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17 billion company ranking as one of the largest natural-gas producers in the U.S. …
Germany’s emissions fall to 70-year low as it moves away from coal
[ad_1] ermany’s emissions fell by 11% in 2023 compared with 2022. Here’s why it’s not all good news. ADVERTISEMENT Germany’s greenhouse gas emissions fell to a 70-year low in 2023,…
Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
[ad_1] Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California. The oil and gas…
APA to Buy Callon Petroleum in $4.5 Billion Deal
[ad_1] Updated Jan. 4, 2024 7:20 am ET Energy company APA has agreed to buy smaller peer Callon Petroleum in a stock-swap deal valued at about $4.5 billion including debt,…
Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets
[ad_1] Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas…
Shale Is Keeping the World Awash With Oil as Conflicts Abound
[ad_1] Updated Jan. 1, 2024 12:05 am ET A surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of…