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Energean plc (LSE: ENOG) has completed its acquisition of Total's entire 50 percent working interest share and operatorship position in Block 2, offshore W.
The US Supreme Court will review the ability of oil refineries to win exemptions from federal biofuel-blending quotas.
(Bloomberg) The Supreme Court will review the ability of oil refineries to win exemptions from federal biofuel-blending quotas, a blow to producers of ethanol and biodiesel that had challenged the waivers.
The justices, without comment, agreed to hear an appeal by units of HollyFrontier Corp. and Wynnewood Refining Co., which said a 10th U.S. Circuit Court of Appeals ruling wrongly deprived small refineries of economic relief specifically authorized by Congress.
At issue is the Renewable Fuel Standard law that requires refineries and fuel importers to blend plant-based alternative fuels such as corn-based ethanol and soy-based biodiesel into their products.
by Bloomberg
|Monday, January 11, 2021
Carlos Slim and his family have accumulated stakes worth $230 million in oil refiner PBF Energy Inc. and pipeline operator PBF Logistics LP.
(Bloomberg) Carlos Slim and his family have accumulated stakes worth $230 million in oil refiner PBF Energy Inc. and pipeline operator PBF Logistics LP, continuing to snap up stock even as the shares have slumped.
The family investment vehicle, Control Empresarial de Capitales, is now PBF Energy’s largest shareholder and the second-biggest in PBF Logistics.
They emerged as investors in the companies in 2017 and added about $70 million in 2020, with the bulk of the purchases following the outbreak of the Covid-19 pandemic, data compiled by Bloomberg shows.
Premier Oil has announced the proposed appointment of three additional directors to its board.
Alan Ferguson, Margareth Ovrum and Andy Hopwood will be appointed following the completion of the proposed merger between the company and Chrysaor Holdings Limited by way of reverse takeover. The new appointments will serve as independent, non-executive directors.
Ferguson has over 20 years of executive experience in the mining and automotive industries. He has previously worked at Inchcape, The BOC Group, Lonmin, AngloGold Ashanti and Marshall Motor Holdings. He will serve as chairman of the audit and risk committee from the completion of the merger.
Ovrum has nearly 40 years of experience in the energy industry and worked for Equinor and its predecessor companies from 1982 until January 2021. She was the first female, and youngest, platform manager of one of the company’s oldest fields in the North Sea and sat on the company’s corporate Executive Committee for 16 years. She will se