At least 11 dead in Norway helicopter crash
At least 11 of 13 people aboard an oil rig transport helicopter were killed when the aircraft crashed off Norway's west coast. Mana Rabiee reports.
At least 11 of 13 people aboard an oil rig transport helicopter were killed when the aircraft crashed off Norway's west coast. Mana Rabiee reports.
Tourism chief said attractions are ‘recovering well’ from the coronavirus lockdowns
Saudi Aramco CEO Amin Nasser told attendees at CERAWeek by S&P Global, a global energy conference, that global leaders should "abandon the fantasy of phasing out oil and gas." When asked about those comments, ExxonMobil Chairman and CEO Darren Woods (XOM) tells Yahoo Finance's Julie Hyman that things like wind and solar power and the rise of EVs are a "necessary but not sufficient set of solutions" to the energy transition. Instead, Woods proposes a "broader" set of solutions is needed, including things like carbon capture and storage, hydrogen, and biofuels. Woods credits the Inflation Reduction Act (IRA) for opening "the aperture on other opportunities to reduce emissions above and beyond what wind and solar can do." When it comes to the IRA, Woods calls it "technology agnostic." The legislation "says what you should focus on is achieving an outcome which is lower carbon intensity for a product," Woods says, and as a result, the door is opened to other businesses to help achieve that goal, something Exxon is a "fan" of. The legislation has come under fire from Republicans, with Trump campaign officials telling the Financial Times that the former president would "gut" the IRA if he were reelected to the White House. If that were to happen, Woods says Exxon would be "responsive" to changes made by a new administration, but that "ultimately the world needs to decarbonize. We need to do more to reduce emissions. And I think the IRA is a good step towards that in terms of being technology agnostic, focus on reducing the emissions and lowering the carbon intensity of society. And I think that's the right approach." One of the big issues facing ExxonMobil right now is Chevron's (CVX) $53 billion deal to buy Hess (HES). Exxon, Hess, and China National Offshore Oil Corporation all have a stake in the Stabroek Block in Guyana. Exxon claims it has a right of first refusal when it comes to Hess's Guyana stake and has filed for arbitration with the International Chamber of Commerce. Woods says there are three reasons why the arbitration is important: to confirm and preserve their preemption rights, learn how Chevron values the assets in the Hess deal, and to "understand the value of that preemption right and what's in the best interest of the corporation and for our shareholders." Editor's note: This article was written by Stephanie Mikulich. Key video moments 00:00:25 Woods on reframing the energy transition 00:02:15 Woods discusses what works in the Inflation Reduction Act 00:04:39 How to balance the need for fossil fuels with the need to reduce emissions 00:06:28 Woods talks plans to be net zero in the Permian Basin by 2030, carbon capture technology 00:08:30 Woods on Chevron-Hess deal and Guyana
Global Fireworks Market Global Fireworks Market Dublin, March 19, 2024 (GLOBE NEWSWIRE) -- The "Fireworks Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.The Global Fireworks Market was valued at USD 2.65 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.5% through 2028. The Global Fireworks Market encompasses a vibrant and celebratory industry that re
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met market expectations and ended eight years of negative interest rates, likely the highlight of a busy week for central banks. But the day's big news was in Japan, where the BOJ heralded a new era as it shifted away from years of ultra-easy monetary policy. Japan's Nikkei was choppy initially after the decision but closed 0.66% higher, buoyed by the weaker yen, while Japanese government bond yields fell.
The central bank had previously cut the rate below zero to try and stimulate Japan's stagnating economy.
West slams Russia’s election as rigged while China and Saudi Arabia congratulate Putin on his victory
The Safety of Rwanda bill will return to the upper chamber on Wednesday, with peers expected to seek to amend the legislation yet again
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4/5 The small show follows two women who patronised the most fashionable stores and dressmakers in London at the turn of the 20th century
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During Koch-funded trips to mountain resorts, Trump judges huddled over a new strategy to advance “history and tradition” as the law of the land.
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Sir John Curtice said opposition parties only had to say her name for voters to start questioning whether to trust the Tories with the economy
Campaigners from Transform Scotland say road building will lock people into unsustainable transport.