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...Sarasin and its co-filers assert that Equinor must move more quickly away from oil and gas, to protect shareholder value in the face of an accelerating energy transition....
...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....
...Oil and gas executives were the most likely to share this view....
...has already cost him his luxury Aspen ranch, his yacht and his shares in Tellurian, the floundering LNG developer he co-founded in 2016....
...synthetic natural gas Synthetic natural gas piques worldwide start-up interest Natural gas is a leading contributor to the climate crisis because of the CO₂ it releases when burnt and the leaks that can...
...“Earnings results for the oil majors were weaker on a combination of lower gas prices and downstream turnarounds....
...GHGSat has focused on methane, which leaks when coal, gas or oil is extracted and transported. Other sources include farms and waste dumps....
...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....
...“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....
...The oil and gas windfall tax will be extended one year until 2029, Jeremy Hunt has announced....
...Oil and natural gas bring in about 90 per cent of Azerbaijan’s export revenues and finance about 60 per cent of the government budget, according to International Energy Agency figures....
...“If you talk to the oil people they are going to say the only way we can meet this energy demand is to use fossil fuels, but many of the customers of these data centres have made net zero CO₂ commitments...
...The country’s leadership in new oil and gas approvals comes as President Joe Biden faces pressure from environmentalists to take a harder stance on climate while the oil and gas industry accuses the administration...
...Flynn warned that an extension, which would impact Scotland’s oil and gas extraction industry, risked converting Scottish Tories into nationalists....
...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)....
...We start with the oil and gas sector that is due to wrap up a bumper earnings season this week....
...The changes reflect chief executive Wael Sawan’s plans to keep oil production flat and expand sales of liquefied natural gas while being more selective about the types of low-carbon energy products it sells...
...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...
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...“There is no way the US rig count grows after the recent wave of consolidation,” Conrad Gibbins, co-head of the upstream Americas business at Jefferies, told me....
...Three regions produce 61 per cent of the country’s natural gas: Appalachia, the Permian and the Haynesville (mostly east Texas and Louisiana)....
...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....
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