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NEW YORK, United States (AFP) – US oil giant ExxonMobil announced Tuesday it will begin a phased withdrawal from the major oil field it operates in Russia on behalf of a consortium including Russian, Indian and Japanese companies, citing Moscow’s invasion of Ukraine. “In response to recent events, we are beginning the process to discontinue operations and developing steps to exit the Sakhalin-1 venture,” the group said in a statement. The group added that it […]
WASHINGTON, D.C., United States (AFP) – US climate scientists accused four of the world’s largest oil companies Tuesday of lying about the harms linked to their industry and trying to delay the switch to cleaner fuel. American multinationals ExxonMobil and Chevron, as well as Britain’s BP and Shell, are being investigated by the US Congress for their role in spreading misinformation about climate change. Michael Mann, an academic, told the House oversight committee the companies […]
NEW YORK, United States (AFP) – ExxonMobil pledged Tuesday to reach “net zero” greenhouse gas emissions in its operations by 2050, but stopped short of extending the promise to products it sells throughout the global economy. The petroleum giant’s promise covers “Scope 1” and “Scope 2” emissions, which account for carbon emissions from ExxonMobil operations, as well as emissions associated with the purchase of heating or cooling at its facilities, according to a company press […]
PARIS, France (AFP) – The French oil and gas major Total deliberately downplayed the threat of global warming from the 1970s onwards, according to research based on interviews with former company executives and internal company documents. The findings, published by a trio of historians Wednesday in the peer-reviewed journal Global Environment Change, follow similar revelations about US oil giant ExxonMobil and Royal Dutch Shell. The pattern that emerges is one of oil and gas giants […]
by Benoît PELEGRIN Agence France-Presse LONDON, United Kingdom (AFP) – Oil prices jumped above $80 this week for the first time in almost three years, handing a major boost to producers — but fuelling more inflationary pain for consumers, analysts say. The price of European benchmark Brent North Sea crude for delivery in November hit $80.75 per barrel on Tuesday, attaining the highest level since October 2018, but edged lower on Wednesday. The market has […]
by Julien MIVIELLE Agence France-Presse PARIS, France (AFP) — Already under pressure due to climate change, the world’s top listed oil firms suffered historic losses in 2020 as the Covid-19 pandemic sent demand and prices tumbling. The oil majors — BP, Chevron, ExxonMobil, Shell and Total — suffered $77 billion in losses for the year. Shell CEO Ben van Beurden called 2020 an extraordinary year. Total’s Patrick Pouyanne said: “All of us will remember 2020 […]
NEW YORK, New York (AFP) — ExxonMobil announced Monday it will reduce its emissions over the next five years bowing to growing public pressure from activists, including the Church of England, to make changes. The US oil giant said in a statement that by 2025 it will cut emissions from upstream activities, which includes oil drilling and extraction, by between 15 and 20 percent compared to the 2016 levels. It also will cut its flaring […]
Papua New Guinea Prime Minister Peter O’Neill resigned on Sunday following a string of high-profile political defections that threatened his leadership. O’Neill — who had been in power since 2011 — handed over the reins to veteran politician Julius Chan, who has twice been prime minister. “I will be stepping down as prime minister in the coming days, when I visit the governor-general… (to) pave way for a new government,” O’Neill told reporters in the […]
WASHINGTON, United States (AFP) — US petroleum giant ExxonMobil said Sunday it was temporarily closing its enormous refinery in Baytown, Texas, after flooding caused by monster storm Harvey had led to “operational issues.” “We are in the process of a safe and systematic shutdown of operations,” a company statement said. ExxonMobil said it was “taking all precautions” to ensure workers’ safety and minimize the impact of the closure on employees and the local community. The […]
by Jean-Louis Doublet Agence France Presse WASHINGTON, United States (AFP) — Donald Trump’s pick of ExxonMobil CEO Rex Tillerson as secretary of state on Tuesday mirrors the case of Dick Cheney, another oil industry executive tapped for a top Republican administration post. When former president George W. Bush selected Cheney as his choice for running mate in 2000, the future vice president had spent five years as chairman and CEO of Halliburton, the world’s second-largest […]
