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...because of “the profound changes in both the US and global natural gas markets”....
...Gas and power trading has overtaken oil as the biggest source of profits in the sector, contributing almost half of the industry’s gross earnings in 2022, according to Oliver Wyman....
...But Equinor is still first and foremost an oil and gas company....
...In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president....
...But sharp falls in natural gas prices and reduced oil refinery margins dented their earnings in the first three months of the year, causing both companies’ shares to dip in early trading....
...“It’s clear that in the energy and the oil and gas field, US shareholders are buying the shares and European shareholders are not buying in the same way,” Pouyanné said....
...Souki was ousted from the company in December. Tellurian has warned of “substantial doubt” about its ability to continue as a going concern and has said it is exploring a sale....
...Galp already has oil production in Brazil, with a new project starting up at Bacalhau. It has stakes in projects in Mozambique (gas) and offshore São Tomé (near Nigeria)....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...Mukhtar Babayev, president-designate of COP29 and minister of ecology and natural resources of Azerbaijan, who previously worked for more than two decades at the state oil company, said the country understood...
...What is striking is that shares in US-listed gas-focused exploration and production companies have performed surprisingly well year to date....
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...Last year, Eni paid $4.9bn for London-based oil and gas producer Neptune Energy in what was the largest cash deal in almost a decade for the European energy sector....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...A report released last week by Carbon Tracker looked at the 25 largest public oil and gas companies and found that they were “way off” from the Paris climate agreement goals....
...The EU’s decision to increase imports of LNG and introduce gas-saving measures were “very important” for the EU, she added....
...methane emissions from oil and gas infrastructure....
...Since the Latin American country decided, in the 1970s, to reduce its dependence on imported oil and gas, ethanol has played a crucial role in Brazil’s energy mix....
...Chevron’s first-quarter earnings beat analysts’ expectations but were lower than a year ago due to lower international natural gas prices and reduced margins in its refinery business....
...In 2020 he and his wife, who also works in the Pennsylvania gas industry, were laid off during the pandemic....
...Belgium-based hydrogen company Tree Energy Solutions (TES), whose investors include HSBC and UniCredit, last month launched a global coalition promoting synthetic natural gas....
...The Scottish Conservative leader said he was “deeply disappointed” by the Budget’s one-year extension of the windfall tax on the oil and gas industry....
...The oil and gas windfall tax will be extended one year until 2029, Jeremy Hunt has announced....
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
...Australia’s largest oil and gas developer has launched a staunch defence of its climate plan ahead of a potentially damaging vote on the issue at its annual meeting next week....
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