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Chevron makes changes to its top team

29/10/2015

Oil major Chevron has made changes to its senior team with two of its top executives assuming new roles. The company said Michael Wirth will become executive vice president from midstream and development. Wirth is currently executive vice president for downstream and chemicals.

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Appeal launched to resolve gas price row with Russia

27/10/2015

An appeal has been made by the Turkish state gas importer Botas to the International Chamber of Commerce in a bid to resolve a row over the price of gas from Russia. The move has been made after the two countries failed to sign an deal. Earlier this year Turkey said it had obtained a 10.25% price discount on the 28-30 billion cubic metres (bcm) of gas it buys from Russia each year but the two sides have been at loggerheads over the deal for months.

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Oil flows east, leaving an Oklahoma pipeline unusually empty

27/10/2015

A pipeline to America’s largest crude-oil hub is about to find itself in an unfamiliar position: not full. One of the main pipelines that carries crude to Cushing, Oklahoma, will run at less than capacity in December for the first time in nearly two and a half years. The drop in supply coincides with the opening of a pipeline to Quebec, giving shippers the option of diverting some oil from the middle of the U.S. “There will be less light sweet crude available to make its way to Cushing,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston. “There’s going to be some significant rebalancing of where oil flows in North America.”

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Climate change campaigners occupy opencast coal mine in Northumberland

26/10/2015

Protesters say they have shut down an opencast coal mine on land belonging to Conservative peer and climate sceptic Viscount Ridley. Campaigners calling themselves “Matt Ridley’s Conscience” have occupied one of the diggers at Shotton surface mine, in Cramlington, Northumberland on Viscount Ridley’s Blagdon Estate. The group, a mix of local campaigners and protesters from across the UK, have also formed a protest blocking the road, locking their arms into red arm tubes as part of a protest calling for an end to coal mining to protect the climate.

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Thousands more steel jobs could be at risk, government warns

26/10/2015

Thousands more steel jobs could be lost if action is not taken to tackle the threats facing the industry’s “vulnerable” supply chain, the Government is being warned. The International Steel Trade Association (Ista) said scores of medium sized firms were at risk if the crisis gripping the industry escalates. Thousands of job losses have been announced in recent weeks by Tata Steel and SSI in Redcar, Scunthorpe and Scotland, with cheap imports and high energy costs being blamed.