World Oil
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When weather disaster strikes, observers near and far ask the same question: Climate change — is it or is it not? The simplest answer, yes, lacks specificity. All weather is a joint human-nature venture, because humans have made the atmosphere hotter than it has been in 125,000 years. Disasters are nothing new. Assigning blame for them is. A breakthrough out of the UK is providing better, more nuanced answers faster with powerful implications for citizens, first responders and the media. Friederike Otto is at the heart of it. Otto is a climate scientist at Imperial College London and coleade...
Publishing date: Jun 09, 2021 • 1 hour ago • 9 minute read • Article content (Bloomberg) — When Exxon Mobil Corp. decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon’s supermajor peers, including arch-rival Chevron Corp. There weren’t any takers. That left Iraq with narrowed options: sell to one of China’s state-backed oil majors, or else buy back Exxon’s stake itself. The sale process remains unresolved but either outcome would stand as a power...
National oil companies are largely shielded from shareholder pressures.