EXPRO1

Davos 2023: Large Oil in sights of local weather activist protests

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DAVOS, Switzerland, Jan 16 (Reuters) – Large oil companies got here beneath stress at first of the World Financial Discussion board (WEF) from activists who accused them of hijacking the local weather debate, whereas a Greta Thunberg-sponsored “stop and desist” marketing campaign gained assist on social media. Main power companies together with BP (BP.L), Chevron … Read more

Exxon sues EU in transfer to dam new windfall tax on oil corporations

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Dec 29 (Reuters) – U.S. oil main Exxon Mobil Corp (XOM.N) is suing the European Union in a bid to power it to scrap the bloc’s new windfall tax on oil teams, arguing Brussels exceeded its authorized authority by imposing the levy. Report earnings this 12 months by oil corporations benefiting from excessive power costs … Read more

India makes inroads into Sri Lanka beneath China’s lengthy shadow

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COLOMBO/NEW DELHI, Dec 27 (Reuters) – When Sri Lanka slid into its worst financial disaster in seven a long time resulting in lethal riots and alarming shortages of gas, meals and medicines earlier this yr, its big northern neighbour stepped into the breach. India offered about $4 billion in fast help between January and July, … Read more

Qatar seals 27-year LNG take care of China as competitors heats up

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Talks with different Chinese language, European consumers ongoing -Kaabi Says consumers could take as much as a 5% stake in growth Says deal indicators significance of safe long-term provide DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to provide China’s Sinopec with liquefied pure gasoline within the longest such LNG settlement thus … Read more

Buffett’s Berkshire discloses $4.1 billion TSMC stake

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Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) stated it purchased greater than $4.1 billion of inventory in Taiwan Semiconductor Manufacturing (2330.TW), , a uncommon vital foray into the know-how sector by billionaire Warren Buffett’s conglomerate. The information despatched shares in TSMC up greater than 6% in Taiwan on Tuesday, because it boosted investor sentiment … Read more