Sentences with phrase «oil majors»
The phrase "oil majors" refers to the world's biggest and most powerful oil companies. These companies have significant influence in the oil industry due to their large operations, production capabilities, and market presence. Full definition
Then there's the ever - increasing number of oil majors moving to install more solar to wean themselves off of dependency on the fossil fuel.
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That approach is a contrast to some of the other oil majors.
The two integrated oil majors represent roughly 31 % to 36 % of each portfolio.
This cleared the way for the creation of an oil zone held equally by each country, in which oil majors could be granted rights.
The oil firms are among up to 15 oil majors targeted by the Nigerian government for the recovery of $ 17 billion in deprived revenue.
If the oil prices and the share prices of oil companies continue to fall some of the consistently dividend paying oil majors may become attractive from an investment point of view.
The most important ask was that oil majors consider the possibility climate policies could hit demand for their product.
Investors must stay involved with oil majors rather than exit and allow a far more dangerous off market game to ensue
U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state - owned oil company PDVSA, according to four sources familiar with the matter.
The deal sees Danish company AP Moller - Maersk (Maersk) sell its oil and gas division to the French oil major in a bid to focus on other activities such as its shipping business.
The region's growing receptiveness to foreign investment in its energy assets could be a dream come true for oil majors.
The Brazilian oil giant may be the riskiest oil major in the world right now.
New York «climate risk» meeting will call on oil majors to evaluate size of carbon reserves that are incompatible with warming world
BP Plc is weighing an acquisition of some of BHP Billiton Ltd.'s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter.
Groups including Dutch telecommunications group Altice, US conglomerates Honeywell and General Electric, UK oil major BP and French luxury group Kering are considering setting up independent companies for some of their activities as a way to generate value for shareholders.
It generally goes like this: Does the non-renewable nature of petro - carbons pose a significant risk to the long - term survival of oil majors like ExxonMobil, Chevron, Royal Dutch Shell, BP, Total SA, and ConocoPhillips?
Plaintiffs in lawsuit against oil majors and the US government want Exxon chief - turned - secretary of state to give evidence the day before Donald Trump's inauguration
Duo win key mandates alongside De Brauw and Cravath as oil major takes over rival in bid to boost its production
U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state - owned oil company PDVSA.
In the biggest deal in breaking up the Maersk conglomerate, French oil major Total purchased the company's North Sea - focused oil and gas business in August in a $ 7.5...
After closing, EQT's output will total 3.6 billion cubic feet per day of natural gas, topping U.S. production by oil major Exxon Mobil and shale drilling pioneer Chesapeake Energy.
Soon also got $ 131,000 from oil major Exxon Mobil Corp in 2007 and 2008 received grants to study the Sun's role in climate change and global warming in the Arctic, Greenpeace said.
ADNOC also announced it wants to expand its model of partnering with international oil majors like Exxon Mobil and Royal Dutch Shell across the three major energy segments: exploring for and producing fossil fuels, storing and transporting them and processing them into fuels and chemicals.
A perfect example of this was oil major ExxonMobil's March response to shareholders on managing climate risk, which made clear that the company has no expectation of government regulations that would strand its oil and gas reserves in the ground and would spend millions and even billions to continuing digging, literally, for more hydrocarbon reserves.
The Anglo - Dutch oil major, whose acquisition of BG Group transformed it into the world's top liquefied natural gas producer, has been under pressure from shareholders to cut annual spending to ensure it can maintain its dividend given the slow recovery in the oil prices.
CEFC said on Sept. 8 it had agreed to buy a 14 percent stake in Russian oil major Rosneft for $ 9 billion from commodity trader Glencore and the Qatar Investment Authority.
The companies that represent the biggest risk to the climate and to their shareholders include oil majors Royal Dutch Shell, Pemex and Exxon Mobil, and coal miners Peabody, Coal India, and Glencore.
In January, HSBC said in its «unburnable carbon» report the market value of oil majors such as Shell, BP and Statoil were at risk because they could be forced to leave much of their resources in the ground.
The UK oil major left its annual dividend unchanged at $ 0.40 and announced operating cash flow of $ 24.1 billion, compared with $ 17.6 billion in 2016.
BP Plc is weighing an acquisition of some of BHP Billiton Ltd.'s energy assets as the British oil major seeks more U.S. shale, according to people...
** Russian oil major Rosneft is seeking a stake in Azerbaijan's Absheron gas project, sources close to the talks said, in the latest move that may help it become a competitor of Russia's gas exporter Gazprom.
Houston - based oil major ConocoPhillips announced this week it had sold off multiple land packages in Texas» extremely active Permian basin for US$ 250 million and, at the same time, bought 35,000 acres of land in the Montney play in northern Alberta and B.C. for US$ 120 million.
The companies that represent the biggest risk in a demand misread to the climate and shareholders alike in the next decade are a mix of state and listed companies, including oil majors Royal Dutch Shell, Pemex, Exxon Mobil, and coal miners Peabody, Coal India, and Glencore.
Deepening its relationship with the Texas - based oil major would tie the Arab state more closely to the U.S. after recent tensions with Saudi Arabia.
While the world's biggest oil majors — including Shell, BP, Statoil and Total — are increasingly investing heavily in renewables, the same can not be said of Canadian oil companies.
Hesse and Stewart's combined experience with US oil majors, and those jurisdictions, therefore, makes strategic sense.
The prospects for offshore wind there got a huge boost in March when Norwegian oil major Statoil took a 50 % stake in two early stage projects under development by privately - owned Polenergia.
It also boosts Swiss - based Transocean's position in drilling in harsh climates such as the Arctic, as Songa is Norwegian oil major Statoil's (STL.OL) top drilling service provider.
Yet documents seen by Global Witness indicate the Nigerian Government may have valued the licenses at $ 2.55 billion, and that the Chinese oil major CNOOC offered to pay $ 3.75 billion for the same licences — over six times the amount reportedly paid by ExxonMobil.
To get an idea, Carbon Brief takes you through offerings from green group Friends of the Earth (FoE) and oil major Shell.
LONDON, April 19 - Last October, at the height of a political crisis in Iraq's Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil major Rosneft.
Shell's Chief Executive Officer Ben van Beurden said the oil sector had yet to emerge from troubled waters, but huge cost savings meant oil majors were getting closer to balancing their operations at today's oil prices of around $ 50 a barrel.
«According to the most recent assessment, the steady oil price recovery since summer 2017 and renewed interest in growth opportunities has led to oil majors catching up in terms of exploration activity this year, both in the shale industry and offshore deep water,» OPEC said.
«So every year this company spits out a lot more free cash flow than your typical oil major,» Kirby says.
In 2017, the California cities of San Francisco, Oakland, Santa Cruz, and Imperial Beach, as well as Santa Cruz county, Marin County, and San Mateo County attempted to sue oil majors over climate change damages, citing a theory called «public nuisance.»
Oil prices are buoyant, oil major earnings appear to be looking up, but the oil industry is still entering an «age of restraint» rather than expansion, according to the co-head of European equity research at Goldman Sachs.
What appears to have happened is that the state - controlled oil majors such as Indian Oil have largely absorbed the cost of rising crude prices, partly because of government pressure to do so.
The remaining oil majors — ExxonMobil (XOM), Total, Chevron (CVX), Shell (RDSA) and BP (BP)-- as well has the smaller integrated oil companies, like Hess, will undoubtedly be watching COP (COP) intently as it begins its dismemberment.
But in 2004, oil major Devon Energy bought Mitchell and the secrets of the Barnett began to leak out.
China «s top state oil major Sinopec, Bank Of China, and China Investment Corp agreed to help develop Alaska's liquefied natural gas sector.