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Share Price: 491.25
Bid: 491.35
Ask: 491.40
Change: -0.05 (-0.01%)
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Open: 492.20
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Trump pick for U.S. State Department energy job approved by Senate panel

Wed, 16th May 2018 20:50

WASHINGTON, May 16 (Reuters) - President Donald Trump'snominee for the top U.S. State Department job dealing withmatters related to energy and the global oil industry wasapproved by a Senate committee on Wednesday, as the UnitedStates gears up to re-impose sanctions on Iran's oil exports.

The Senate Foreign Relations Committee approved FrancisFannon, a former head of corporate affairs at mining company BHPBilliton and senior director of Murphy Oil Corp, to head the department's energy bureau.

If Fannon is confirmed in a vote by the full Senate, one ofhis most immediate tasks as assistant secretary of state wouldbe synthesizing reports from intelligence agencies with oilindustry data to re-implement sanctions on Iran's oil exports.

Trump announced on May 8 he was withdrawing the UnitedStates from the 2015 Iran deal, which removed sanctions inexchange for the Islamic Republic curbing its nuclear program.

Fannon was approved by 19 of the 21 members of the panelwith two Democratic senators opposing him. One of the Democrats,Senator Bob Menendez, said Fannon had lobbied againstcomprehensive climate change legislation and against limits ondrilling in the Gulf of Mexico put in place after BP's 2010Deepwater Horizon disaster, that killed 11 platform workers."Energy security rests in energy diversification, innovation,and development of zero and low carbon energy sources," Menendezsaid at the hearing. "The appointment of an oil and gas lobbyistto this position demonstrates a backwards outlook on energypolicy."

Before working in corporations, Fannon served as counsel tothe Senate environment committee and as an aide to twoRepublican senators.

In a hearing before the panel's vote, Fannon said that hehad drafted provisions of the 2005 energy bill that helpedunleash innovation and set the conditions for U.S. energyabundance today.(Reporting by Timothy GardnerEditing by Tom Brown)

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25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

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23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

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23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

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22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

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22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

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16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

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16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

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