Berkshire Hathaway boosts stake in Occidental Petroleum to about 28%
(Reuters) – Warren Buffett-led Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing on Thursday.…
Two Texans Found Guilty of Conspiracy to Sell Sanctioned Iranian Petroleum
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Zhenyu (“Bill”) Wang, 42, of Dallas, Texas, and Daniel Ray Lane, 42, of McKinney, Texas, were convicted at trial on charges of…
Two Men Found Guilty of Conspiracy to Sell Sanctioned Iranian Petroleum
Zhenyu “Bill” Wang, 42, of Dallas, and Daniel Ray Lane, 42, of McKinney, Texas, were convicted at trial on Nov. 15 on charges of attempting to violate the International Emergency Economic Powers…
Australia to introduce bills on petroleum duty, PwC scandal reform
By Lewis Jackson SYDNEY (Reuters) – Australia will on Thursday introduce two previously announced tax bills that will raise petroleum tax revenue and legislate the government’s response to a national scandal over…
British Petroleum to Clean Up Contaminated Monk’s Amoco Site in Camden
CAMDEN, NJ – A settlement in June 2023 between the New Jersey Attorney General, the Department of Environmental Protection (DEP), and Monk’s Amoco has resolved a 2018 case concerning hazardous leaks from…
Berkshire Hathaway boosts stake in Occidental Petroleum to 24.4%
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%. In a regulatory…
Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares. Berkshire disclosed the purchases,…
Canada January producer prices up 0.4% on petroleum, primary metals
Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on Friday. The…
Back To Petroleum: BP Is Scaling Back Its Green Investments Amid Disappointing Performance
Back To Petroleum: BP Is Scaling Back Its Green Investments Amid Disappointing Performance John Hugh DeMastri on February 1, 2023 CEO Bernard Looney of British oil giant BP has expressed plans to…
U.S. crude and petroleum products demand rises in November -EIA
NEW YORK (Reuters) -Demand for U.S. crude and petroleum products rose 178,000 barrels per day (bpd) in November to 20.59 million bpd, the highest since August, the U.S. Energy Information Administration (EIA)…
Canada December producer prices down 1.1% on petroleum, softwood
Jan 18 (Reuters) – Producer prices in Canada fell by 1.1% in December from November on lower prices for refined petroleum energy products, as well as softwood lumber, Statistics Canada said on…
Column-Hedge fund petroleum buying paused over year end: Kemp
By John Kemp LONDON (Reuters) – Rallying oil prices ran out of steam just before the end of the year as investors turned cautious after two weeks of heavy petroleum buying. Hedge…
Citgo Petroleum on track for $2.5 billion profit in 2022 – supervisory board
HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and invest in the reliability of its operations,…
Biden Boasts About ‘Largest Ever Release’ From Strategic Petroleum Reserve
Biden Boasts About ‘Largest Ever Release’ From Strategic Petroleum Reserve Harold Hutchison on November 29, 2022 President Joe Biden boasted during a Tuesday speech about ordering releases from the Strategic Petroleum Reserve…
Canada October producer prices up 2.4% on petroleum products
Nov 18 (Reuters) – Producer prices in Canada rose by 2.4% in October from September on higher prices for refined petroleum energy products, Statistics Canada said on Friday. The depreciating Canadian dollar…
Stephen Chazen, long-time Occidental Petroleum executive, dies at 76
By Gary McWilliams HOUSTON (Reuters) – Stephen Chazen, who rose to the top of Occidental Petroleum during a lengthy career and after his retirement started and ran a Texas shale-oil producer, has…
Exclusive-Maroil takes over most of Venezuela’s petroleum coke trading
By Marianna Parraga and Sudarshan Varadhan HOUSTON/CHENNAI, India (Reuters) – Maroil Trading, owned by shipping tycoon Wilmer Ruperti, has taken over sales of almost all Venezuela’s exports of petroleum coke, a move…
Canada July factory sales drop 0.9% on metals, petroleum
(Reuters) – Canadian factory sales fell 0.9% in July from June, mainly due to decreases in primary metal industries and petroleum and coal products, Statistics Canada said on Wednesday. It was the…
Berkshire Hathaway boosts Occidental Petroleum stake above 20%
By Jonathan Stempel August 8 – Warren Buffett’s Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp, surpassing the 20% stake where it could record some of the oil company’s earnings…
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude
‘Major Problems Down The Road’: Biden Drains Petroleum Reserves Of Crucial Type Of Crude Jack McEvoy on August 2, 2022 President Joe Biden’s Department of Energy (DOE) is emptying the Strategic Petroleum…
Guilty Verdict Returned Against a Former Employee of the Department of Energy’s Strategic Petroleum Reserve in Connection with a Scheme to Defraud the United States
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans and Jonathan Kanter, Assistant Attorney General for the Antitrust Division of the Department of Justice, announced that JOHNNY C. GUILLORY, SR., age…
ISS backs call for emissions reductions targets at Occidental Petroleum
(Reuters) – Top proxy adviser Institutional Shareholder Services recommended Occidental Petroleum Corp investors vote in favor of a shareholder proposal calling for the energy company to set and publish emissions reductions targets.…
Marathon Petroleum CEO Hennigan to remain on job during cancer treatment
HOUSTON -Marathon Petroleum Chief Executive Michael Hennigan said on Thursday he will continue leading the largest U.S. crude oil refiner while he undergoes treatment for throat cancer, according to a letter released…
U.S. import prices accelerate in March on petroleum
WASHINGTON – U.S. import prices accelerated by the most in 11 years in March as Russia’s war against Ukraine boosted petroleum prices, another sign that high inflation could persist for a while.…
Genesis Petroleum Resolves Federal Environmental Claims Involving 13 Gas Stations Located in Long Island And Westchester, New York and New Jersey
Breon Peace, United States Attorney for the Eastern District of New York and Lisa Garcia, Regional Administrator of the U.S. Environmental Protection Agency (EPA) Region 2, announced that the United States has…
Occidental Petroleum rises after Buffett’s Berkshire Hathaway reveals 14.6% stake
By Jonathan Stempel – Occidental Petroleum Corp shares rose on Thursday after Warren Buffett’s Berkshire Hathaway Inc said it spent nearly $1 billion on additional shares in the oil company, giving it…
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