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Petrobras and Shell Fund Brazil's Carbon Countdown Initiative
ZACKS· 2026-01-14 14:26
Core Insights - Petrobras (PBR) and Shell plc (SHEL) have launched the Carbon Countdown initiative to measure carbon stored in Brazil's soils and forests, marking a significant step in Brazil's commitment to sustainable practices and climate transparency [1][3][14] Investment and Collaboration - The Carbon Countdown project involves a combined investment of over $18.6 million (R$100 million), equally funded by PBR and SHEL, aiming to create Brazil's first comprehensive and standardized database of terrestrial carbon stocks [3][4] - This collaboration highlights the urgent need for enhanced scientific data and improved carbon accounting mechanisms in addressing climate change [2] Data Collection and Methodology - The project will include extensive fieldwork with approximately 6,500 sampling sites and over 250,000 soil analyses, providing precise measurements for the national carbon database [7][9] - In addition to soil analysis, the assessment of 1,000 forest plots will estimate carbon stored in vegetation, ensuring a holistic view of carbon sequestration across various ecosystems [8][9] Impact on Climate Policy - The initiative aims to provide Brazil with country-specific data on carbon sequestration, filling a significant gap in its climate accounting system and enhancing the accuracy of emissions inventories and land-use policies [4][5] - By establishing a robust national baseline, the project seeks to strengthen Brazil's participation in international climate negotiations [5][6] Transparency and Scientific Integrity - The project will be conducted under the scientific guidance of the Center for Carbon Studies in Tropical Agriculture at the University of São Paulo, ensuring rigorous academic standards and transparency in data publication [10][11] - The findings will be made publicly available, aiming to prevent misuse and ensure that the data serves legitimate climate policy improvements [10][11] Future of Brazil's Carbon Market - If successful, the Carbon Countdown project could reform Brazil's approach to measuring, valuing, and trading carbon, providing tools for effective climate strategies at both national and international levels [12][13] - The initiative is expected to benefit agricultural producers by offering a more accurate representation of carbon sequestration, which has been historically underreported [13] Conclusion - The Carbon Countdown initiative represents a pivotal opportunity for Brazil to enhance its carbon measurement capabilities and credibility in global climate negotiations, influencing climate policy and carbon market development [14]
Auri Inc ("AURI") Shareholders Updates; Company and Subsidiaries Growth Activities and New Initiatives
Accessnewswire· 2026-01-14 13:35
Core Insights - Auri Inc. is actively restructuring and expanding its subsidiary companies, focusing on new business operations and assets [1][5] - The company has entered agreements with new manufacturing partners for nutraceutical and cannabis-related products, aiming to streamline operations and enhance product offerings [2][3] - Auri is leveraging its relationships with high-profile celebrities to promote its products and is expanding its product lines, including new beverages and pain management solutions [3][5] Business Operations - Auri has arranged additional manufacturing sources for its nutraceutical and cannabis-related products, moving these operations to SUTI to focus on core business areas [2] - The company is enhancing its product lines, including drinks, cocktails, and CBD alternatives, while also expanding its gummy and edible offerings [3] - Auri's management believes that the transition of The Champ line to SUTI will facilitate the launch of new celebrity-endorsed products [4] Financial Strategy - Auri has been growing through internal capital investments in its subsidiaries, including Black Dragon Resources, PBS Holding, and SutimCo International [5] - The company is focused on mergers and acquisitions to enhance its portfolio and generate revenue, with a goal of issuing stock and cash dividends to shareholders [5] - Recent strategic alliances and business ventures are expected to significantly increase asset value and revenue for the company [5] Subsidiary Developments - In 2025, Black Dragon Resources formed an acquisition subsidiary to purchase a logistics and trucking company, enhancing its oil and gas operations [6] - PBS Holding is advancing initiatives to increase revenue from collectible merchandise sales through its Starfest Direct Network [6] - Auri's joint venture, Melody Production, is expected to contribute additional revenue through enhanced audio and video production services [7] Company Overview - Auri Inc. is a publicly traded holding company involved in the development and investment in various sectors, including gold, rare earth minerals, media, and real estate [8][9] - The company is managed by experienced executives with expertise in entertainment, media production, and investment strategies [9]
New Zealand Energy Corp. Announces CEO and Executive Chairman Appointments
TMX Newsfile· 2026-01-14 13:30
Core Viewpoint - New Zealand Energy Corp. has appointed Toby Pierce as Chief Executive Officer and Robert Bose as Executive Chairman, effective immediately, succeeding Mike Adams and Frank Jacobs who will remain as directors [1][6] Group 1: Leadership Appointments - Toby Pierce has nearly 30 years of senior leadership experience in the energy and natural resources sectors, with expertise in operations, corporate development, and capital markets [2][3] - Robert Bose has over 25 years of experience in corporate leadership and governance, with a focus on corporate strategy and public markets [5][6] Group 2: Responsibilities and Strategic Focus - As CEO, Toby Pierce will lead NZEC's overall strategy, focusing on optimizing operations and ensuring disciplined capital allocation [4] - As Executive Chairman, Robert Bose will support corporate strategy and governance, assisting in capital markets initiatives and strategic growth opportunities [6] Group 3: Company Overview - New Zealand Energy Corp. is a publicly listed energy company focused on oil, gas, and gas-storage opportunities in New Zealand, holding interests in various heritage assets and development-stage projects [8]
Russian oil output edges down 0.7% in 2025, OPEC data shows
Reuters· 2026-01-14 13:14
Core Insights - Russian oil production decreased by approximately 0.7% in the previous year, reaching 9.129 million barrels per day according to OPEC monthly data [1] Industry Summary - The decline in Russian oil production indicates a slight contraction in output, which may have implications for global oil supply dynamics [1] - The reported production level of 9.129 million barrels per day reflects ongoing challenges within the Russian oil sector [1]
In first look at 2027, OPEC forecasts ongoing oil demand growth
Reuters· 2026-01-14 13:00
OPEC in a report on Wednesday forecast world oil demand in 2027 would rise at a similar rate to this year and data in the study indicated a close balance between supply and demand in 2026, a copy of t... ...
Kazakhstan urges Europe and US to help secure oil transport after CPC attack
Reuters· 2026-01-14 12:13
Kazakhstan has urged Europe and the U.S. to help secure the transport of oil following drone attacks on tankers heading to a Black Sea terminal, the Central Asian country's foreign ministry said on We... ...
How activist investors plan to take on Big Oil at the 2026 AGM season
CNBC· 2026-01-14 12:08
Core Viewpoint - The Dutch group Follow This is launching a revised strategy to increase shareholder pressure on the financial sustainability of fossil fuel business models, particularly targeting major oil companies like Shell and BP during the upcoming proxy season [1][2]. Group 1: Strategy and Focus - Follow This aims to shift its focus from requesting emission reduction targets to highlighting the financial risks associated with declining oil and gas demand [2][3]. - The group has co-filed new shareholder resolutions for the Annual General Meetings of Shell and BP, requesting disclosures on strategies for creating shareholder value amid falling oil and gas demand [3][11]. Group 2: Investor Support and Concerns - Follow This has partnered with 23 institutional investors managing €1.5 trillion ($1.75 trillion) in assets to bolster its resolutions [3]. - Support for climate-related resolutions has plateaued at around 20% in recent years, partly due to legal risk concerns, especially in the U.S. [6]. Group 3: Company Responses and Market Dynamics - Shell and BP have recently scaled back their green energy investments, focusing instead on their core hydrocarbon businesses [14][17]. - Shell plans to become a net-zero company by 2050, while BP has also committed to this goal but has faced scrutiny over its strategy amid declining oil and gas demand projections [11][17]. Group 4: Future Projections and Strategic Changes - Analysts project a significant decline in oil and gas demand, which raises concerns about BP's current growth assumptions in its strategy [17]. - BP has announced plans to reach $20 billion in divestments by the end of 2027, including a recent $6 billion sale of a 65% stake in its lubricants business [18].
Climate activist shareholder group pushes BP, Shell on plans for declining oil demand
Reuters· 2026-01-14 12:04
Group 1 - A climate activist shareholder group named Follow This, along with over 20 other investors, has filed resolutions urging BP and Shell to disclose their strategies for creating value in a scenario where global demand for oil and gas declines significantly [1]
Shell scraps £500m North Sea sale to alleged fraudster
Yahoo Finance· 2026-01-14 12:03
Core Viewpoint - Shell has decided to abandon the £500 million sale of gas fields in the North Sea to Viaro Energy due to unmet completion conditions, amidst allegations of fraud against Viaro's owner, Francesco Mazzagatti [1][2][3]. Group 1: Sale Abandonment - Shell will no longer proceed with the sale of nearly a dozen gas fields to Viaro Energy, citing that the completion conditions were not met [1]. - The deal was initially announced in July 2024, aiming to offload 5% of Britain's North Sea gas production to Viaro, but faced delays due to scrutiny of Mazzagatti's affairs [2][3]. - The North Sea Transition Authority (NSTA) delayed approval of the deal, stating it was awaiting additional information from Viaro [3]. Group 2: Allegations Against Mazzagatti - Mazzagatti faces multiple allegations, including document forgery and misappropriation of tens of millions of pounds, which he denies [2][5]. - The allegations are part of a legal dispute with his former employer, Alliance Petrochemical Investment (API), which claims he misused company funds to build his North Sea operations [6]. - Mazzagatti has characterized the allegations as part of a "vexatious campaign of defamation, harassment and extortion" [5][6]. Group 3: Viaro's Position - Viaro previously claimed that acquiring the gas fields would give it control over a significant portion of the UK's energy production and security [4]. - A spokesman for Mazzagatti indicated that the decision to halt the deal was mutual, citing evolving commercial and market conditions [5].
Grounded Lithium Announces Non-Core Acquisition of Oil and Gas Rights
Prnewswire· 2026-01-14 12:00
CALGARY, AB, Jan. 14, 2026 /PRNewswire/ -- (TSX.V: GRDOTCQB: GRDAF) - Grounded Lithium Corp. ("GLC", "Grounded", or the "Company") announces we have entered into a definitive agreement dated December 30, 2025 (the "Purchase Agreement") to acquire (the "Acquisition") a minority interest in oil and gas mineral rights in Saskatchewan with the strategic rationale to supplement cash flow and working capital reserves as the Kindersley Lithium Project ("KLP") continues to advance with our partner, Denison Mines Co ...