ExxonMobil and their troubled AGM

By Barney Smith In the follow-up to the AGM, ExxonMobil finally had to concede not two, but three seats on the Board to the activist investor Engine No 1 which wanted the company to take more account of the energy transition, of climate change and its inevitable impact on the Oil and Gas industry. ExxonMobil [...]

By |2021-07-23T07:04:11+00:00July 21st, 2021|Oil & Gas|Comments Off on ExxonMobil and their troubled AGM

Angus Energy announces a transition from oil and gas to geothermal

By Julian Singer Angus Energy is a UK oil and gas company that operates three small oil fields in the Weald Basin of Sussex and Surrey, and which listed on AIM in 2016. In 2020 it acquired a majority interest in the dormant Saltfleetby gas field in Lincolnshire, and plans to install processing facilities so [...]

By |2021-07-12T12:38:07+00:00July 14th, 2021|Oil & Gas|Comments Off on Angus Energy announces a transition from oil and gas to geothermal

BP Annual Statistical Review for 2020

By Barney Smith According to the latest Review, which, unusually, came out this year in early July, 2020 was the most aberrant year ever, with primary energy use falling by 4.5 per cent and carbon emissions falling by more than 6 per cent, both being the fastest rate of decline since WWII. The US, India [...]

By |2021-07-12T11:46:17+00:00July 13th, 2021|Oil & Gas|Comments Off on BP Annual Statistical Review for 2020

The North Sea Transition Deal: decarbonising offshore oil and gas, and moving resources to renewable energy

By Julian Singer The Climate Change Committee’s 2021 Report to Parliament on progress in reducing carbon emissions was highly critical of the government. While admitting that of all G20 countries the UK has so far achieved the largest reduction in emissions since 1990, and while praising the Climate Change Act (2008), the statutory commitment to [...]

By |2021-06-30T12:30:21+00:00June 30th, 2021|Oil & Gas|Comments Off on The North Sea Transition Deal: decarbonising offshore oil and gas, and moving resources to renewable energy

Zephyr Energy and Mitigation

By Barney Smith Greenbarrel shows its’ versatility by moving from the monsters of the oil world one week to a minnow the next.  AIM-listed Zephyr Energy (whose worth is just under £47million @ the price of £3.84 on 9 June) announced on 7 June that it intends to achieve carbon-neutrality across its operational footprint by [...]

By |2021-06-10T08:26:41+00:00June 10th, 2021|Oil & Gas|Comments Off on Zephyr Energy and Mitigation

A very bad week for Big Oil

By Barney Smith In the event it was a very bad week for Big Oil, especially for Exxon Mobil and Chevron who faced a shareholder revolt on the same day. Exxon Mobil discovered that in spite of their corporate opposition, two nominees of activist Hedge Fund Engine No 1 were voted onto the Board because [...]

By |2021-06-04T16:27:14+00:00June 3rd, 2021|Oil & Gas|Comments Off on A very bad week for Big Oil

The Big Battalions 3 Total

By Barney Smith Interestingly, Exxon Mobil is not the only oil major to have an AGM this week. (See Greenbarrel of 20 May) Total, the French major, also has its AGM this week, on Friday 28 May, to be precise. Total, like Shell and BP, its larger European competitors, is pledged to be carbon neutral [...]

By |2021-05-25T21:00:27+00:00May 26th, 2021|Oil & Gas|Comments Off on The Big Battalions 3 Total

The Big Battalions: Exxon Mobil

By Barney Smith Exxon Mobil (American) is arguably the largest publicly traded Western international Oil and Gas company. It is also perhaps equally well known for being resistant to any dramatic policy movement because of a perceived change in the earth’s climate.  But some see this year’s AGM, on 26 May, as an opportunity to [...]

By |2021-05-21T08:00:54+00:00May 20th, 2021|Oil & Gas|Comments Off on The Big Battalions: Exxon Mobil

The Big battalions 3 BP

By Barney Smith BP’s AGM this year is on 12 May only a couple of days before the Shell AGM , so comparisons are inevitable. But they are also perhaps instructive. The Shell document (See Greenbarrel of 28 April) looks too similar to those produced by the company in recent years. But the BP Annual [...]

By |2021-05-07T08:10:25+00:00May 6th, 2021|Oil & Gas|Comments Off on The Big battalions 3 BP

The Big Battalions 3: Shell and the next AGM

By Barney Smith Shell’s AGM this year is on 18 May. The” Powering Progress” document distributed to shareholders contains the following two key passages on page 19: “Achieving net-zero emissions: Tackling climate change is an urgent challenge. That is why we have set a target to become a net-zero emissions energy business by 2050, in [...]

By |2021-04-28T14:16:30+00:00April 28th, 2021|Oil & Gas|Comments Off on The Big Battalions 3: Shell and the next AGM
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