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...But Equinor is still first and foremost an oil and gas company....
...Exxon benefited from a surge in oil and natural gas prices following Russia’s full-scale invasion of Ukraine in 2022, which enabled it and other oil companies to report record profits....
...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....
...Among the largest approved projects include Abu Dhabi National Oil Company’s Hail and Ghasha gasfield and ExxonMobil’s Yellowtail offshore development in Guyana....
...and data company ICIS....
...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....
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...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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...We start with the oil and gas sector that is due to wrap up a bumper earnings season this week....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...The multibillion-dollar investment programme had set the company apart from much of the industry, where spending on oil production is generally falling because of concerns about climate targets and future...
...What is striking is that shares in US-listed gas-focused exploration and production companies have performed surprisingly well year to date....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
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...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...
...The US oil major told my FT colleagues in Brussels that “recent developments in Europe have not instilled confidence in long-term, predictable policies”....
...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....
...Halting the oil expansion plan, however, will provide Aramco with “increased flexibility” over capital expenditure, and the opportunity to increase domestic gas production and expand the company’s petrochemicals...
...The EU’s decision to increase imports of LNG and introduce gas-saving measures were “very important” for the EU, she added....
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...methane emissions from oil and gas infrastructure....
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