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Big Oil Gets Serious on Cost Cuts in Worst Slump Since 1986
2015-01-19 06:12:17| Electronics - Topix.net
Major oil companies are awaking from their slumber and facing up to the magnitude of the crash in crude prices. From Royal Dutch Shell Plc canceling a $6.5 billion project in Qatar to Schlumberger Ltd. firing about 9,000 people and Statoil ASA giving up exploration in Greenland, the oil industry this week concluded that the slump is no blip.
Big Oil loses $200 billion from oil price crash
2015-01-07 15:34:45| Oil & Gas - Topix.net
ExxonMobil, the largest public energy company in the world, has seen its market cap plunge by more than $50 billion. Energy titans like Chevron and ConocoPhillips have experienced even sharper declines on a percentage basis.
Big Oil loses $200 billion from oil price crash
2015-01-07 15:23:19| Energy - Topix.net
ExxonMobil, the largest public energy company in the world, has seen its market cap plunge by more than $50 billion. Energy titans like Chevron and ConocoPhillips have experienced even sharper declines on a percentage basis.
Last holdout among big palm oil producers joins no-deforestation pledge
2014-12-05 12:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: The Singapore-based palm-oil business Musim Mas announced Thursday that it will make sure that the oil it purchases hasn`t been harvested in ways that cause deforestation. Musim Mas handles about 18 percent of the world`s palm oil. It was the last of the big palm oil companies that hadn`t agreed to fight against land clearing and human rights abuses. The announcement comes one year after Wilmar International, the biggest player in the palm-oil game, agreed to take a stand on the issue. Since then,...
Big oil must pay for climate change harm worlds poorest
2014-12-05 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: The residents of the Philippines region of Tacloban know what loss and damage from climate change looks like. This weekend, this exact same region is now bracing for super typhoon Hagupit, due to hit on Saturday as a catastrophic Category 5 storm. Hagupit comes almost exactly a year after Haiyans six metre storm surge flattened the area. Some 6,300 people of Tacloban paid with their lives and four million of their friends and relatives paid with their houses. Someone has to pay for climate...
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