Support Activities for Oil/Gas

Credit Agricole to Stop Financing New Fossil Fuel Extraction Projects

14Dec

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World

Credit Agricole to Stop Financing New Fossil Fuel Extraction Projects

Credit Agricole said it aims to achieve carbon neutrality by 2050 and that it won’t finance any new fossil fuel extraction projects.The French lender said Thursday it expects to increase 80% of its exposure to low carbon energies through 2025 totalling 13.3 billion euros ($14.46 billion).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Karoon Energy to Buy Stake in 2 U.S. Oil, Gas Fields for US$720 Million

15Nov

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World

Karoon Energy to Buy Stake in 2 U.S. Oil, Gas Fields for US$720 Million

SYDNEY—Karoon Energy said it would buy stakes in two U.S. offshore oil and gas fields for US$720 million plus costs, adding operations in the Gulf of Mexico to reduce its current reliance on Brazil.Australia-listed Karoon said it will own a 30% interest in the Who Dat and Dome Patrol oil and gas fields offshore Louisiana, along with associated infrastructure and some exploration acreage, when the deal completes.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

12Oct

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Business

Exxon's Pioneer Shale Play

The oil and gas giant protects itself from Biden leasing rules.

Global Hunt for Crude Sends Offshore Oil Stocks Soaring

24Jul

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World

Global Hunt for Crude Sends Offshore Oil Stocks Soaring

Drillers and servicers of ocean wells have climbed ahead of the broader market.

U.S. Oil Boom Blunts OPEC's Pricing Power

7Jul

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Money

U.S. Oil Boom Blunts OPEC's Pricing Power

U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major oil exporters to drive them higher.