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...“After Paramount DMCC ceased marketing Russian oil in August 2023, Niels Troost has had no involvement in the Russian oil market whatsoever, directly, indirectly or through business interests.”...
...still comes from oil and gas....
...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...“Unfortunately, children today are constantly exposed to targeted online marketing of harmful products, while popular culture, like video games, normalises them.”...
...But Equinor is still first and foremost an oil and gas company....
...“Shale has redrawn the map of world oil in a way most people don’t seem to understand,” said Daniel Yergin, vice-chair of S&P Global and a Pulitzer Prize-winning energy historian....
...His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity....
...Between 2019 and last year, Raízen’s revenues more than doubled to BRL$245bn ($47bn) from BR$120bn, according to company figures, placing it 394th on the latest FT-Statista list of the fastest-growing companies...
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...On Tuesday, Shell’s former chief executive, Ben van Beurden, decried the growing gap with US-listed companies, saying the oil giant was “massively undervalued” in London....
...In 2022, the company turned a net profit of around $6bn for the first time in a decade thanks to higher oil prices and a reduced tax burden....
...“All we’re trying to do is, within that world of e-fuels, trying to pick who the winners are,” Alverà said....
...A dozen of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies following detection of 26 large leaks of the planet-warming...
...It said that the additional oil from the US, Brazil, Guyana and Canada alone, which have seen record production levels, “could come close to meeting world oil demand growth for this year and next”....
...Van Beurden spent 39 years at the oil major. Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron....
...Russia’s Rosneft warned that any move to nationalise its assets in Germany would “damage the safety of investment forever”, after Berlin told the oil company it was considering the step to bolster its energy...
...However, among the stakeholders to lose out, in Martin’s analysis, is the company itself in the long term....
...The short-term swings on Friday showed the markets were in an “agitated” state, said Viktor Katona, head of oil analysis at Kpler, an energy data and research company....
...Alejandro Alegre, marketing director at STC, a security company that carried out a survey of supermarkets, said it was unusual to see an essential food item so high up the theft list....
...Among companies taking advantage is London-based oil supply company Prax Group, which in December agreed to buy a 37.5 per cent stake in the PCK refinery in Schwedt, north-east Germany, from Shell....
...Rising tensions in the Middle East probably also supported prices, along with reports that Mexico’s state-controlled oil company Pemex would limit exports....
...Oil majors and state-owned companies are behind the majority of new discoveries and approvals....
...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....
...Souki, who spearheaded the creation of the world’s largest LNG export industry and was once the country’s best-paid executive, has been engaged in a multiyear stand-off with lenders over a loan default that...
...“The oil trade is going to stay here for a long time,” he said, adding that demand and the need to balance supply and demand around the world remained strong....
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