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...A clash between Britain’s 363-year-old Royal Society and more than 2,000 UK academics has escalated over the national academy of scientists’ refusal to attribute the role of oil and gas companies in climate...
...and gas continues to grow....
...because of “the profound changes in both the US and global natural gas markets”....
...These US oil companies enjoy no such protection and will be held to account,” Gross said....
...Most traders and analysts believe the EU will not have a problem refilling its gas storage facilities ahead of winter when demand rises....
...Oil and gas production in the US hit record levels in 2023....
...Its total oil and gas production was up 10 per cent compared with the final quarter of 2023 because of lower maintenance in Australia and Qatar....
...But Equinor is still first and foremost an oil and gas company....
...One hundred years later, the group — now called TotalEnergies — is looking west to try to solve another puzzle: the valuation gap between European and US oil majors....
...Partly this has been by switching sources and reducing demand, and partly by increasing imports of liquefied natural gas....
...BP made an underlying profit of $2.7bn in the first quarter of 2024, slightly below a consensus forecast from analysts of $2.9bn, and said its earnings had fallen because of lower oil and gas prices compared...
...And when asked about Rio Tinto’s commitment to achieve net zero by 2050, he responded that the company was “not in coal, not in oil and gas”. It was a telling comment for Australian shareholders....
...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....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...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....
...The company aims to increase European natural gas stored in Ukraine from 2.5bn cubic metres last year to 4bn this winter....
...What is striking is that shares in US-listed gas-focused exploration and production companies have performed surprisingly well year to date....
...But, almost a quarter of a century later — a period that included 18 of the 19 hottest years on record — can the company’s more modest aim of cutting oil and gas production by 25 per cent between 2019 and...
...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....
...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 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....
...Clips from Al Jazeera, CBS, CNN For further reading: How US shale keeps sheltering America from the next oil price surge On markets and geopolitics, it is a mistake to forget about shale Why oil prices...
...company....
...“There have been over 200 actions taken by this administration opposed to the oil and gas industry,” he added....
...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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