2 Min Read
BUENOS AIRES (Reuters) - Health workers blocking roads near Argentina’s large Vaca Muerta shale oil and gas deposit on Monday rejected a government wage offer and vowed to continue a three-week protest that is threatening a national fuel shortage.
Workers in the region are demanding higher wages amid a fierce second wave of the country’s COVID-19 epidemic. They include hospital orderlies, maids, nurses and doctors who have erected some 25 roadblocks around the town of Anelo, in Neuquén province, about 1,000 km south-west of Buenos Aires.
Argentine state-run YPF produces nearly 13% of the country’s oil output at Vaca Muerta and there are fears that local fuel shortages could soon extend nationwide.
5 Min Read
(Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance.
FILE PHOTO: FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo/File Photo
Exxon has fended off attempts in the past to get it to change its policies and leadership, but pressure has mounted since the top U.S. oil producer posted a historic annual loss for 2020 after the coronavirus pandemic slashed energy demand.
5 Min Read
(Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance.
FILE PHOTO: FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo/File Photo
Exxon has fended off attempts in the past to get it to change its policies and leadership, but pressure has mounted since the top U.S. oil producer posted a historic annual loss for 2020 after the coronavirus pandemic slashed energy demand.
By Reuters Staff
1 Min Read
Feb 18 (Reuters) - Private equity firm Waterous Energy Fund on Thursday raised its all-cash offer for a bigger stake of Canada’s Osum Oil Sands to C$3 per share, months after a previous offer was rejected.
Waterous said it now plans to buy 57 million shares of the oil and gas firm, higher than the 50 million it had offered to buy earlier at C$2.40 per share. (Reporting by Rithika Krishna in Bengaluru; Editing by Maju Samuel)
U.S. shale producer Continental Resources Inc raised its capital budget and forecast a rise in its crude oil and natural gas output this year, building on a recent recovery in commodity prices from pandemic-led historic lows.