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...“Potential unlawful co-ordination appears throughout Climate Action 100+’s documents,” the attorneys-general said last year....
...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....
...“One issue that will have to be faced is the issue of limits, a ceiling for oil exploration....
...“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....
...“There is no way the US rig count grows after the recent wave of consolidation by Exxon, Chevron, Diamondback and Occidental,” said Conrad Gibbins, co-head of the upstream Americas business at Jefferies....
...and gas exploration licences....
...The largest US oil company by sales said it expected annual capital and exploration expenditure of $23bn-$25bn in 2024, rising to $22bn-$27bn from 2025 to 2027....
...The new centre-right government lost little time in unveiling measures aimed at rolling back Ardern’s progressive agenda, including lifting a prohibition on new oil and gas exploration, scrapping Māori names...
...But IP doesn’t have the same importance to an oil & gas exploration company as it would to a brand like J Crew, so other assets might be available for transfer. 2) Contracts often prevent transfers of IP...
...Beijing has used similar blocking and intimidating tactics on survey and oil exploration vessels from Vietnam and Malaysia, which also have overlapping claims on the South China Sea....
...BYD has slashed prices of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, followed by its competitors including Geely and SAIC-GM-Wuling,...
...Souki had established his reputation at Cheniere Energy, which he co-founded and built into the country’s first LNG exporter outside Alaska....
...“There’s lots more activity — people are seizing on [the prospect of] $100 oil and less concern about inflationary pressures,” said Hillary Holmes, the Houston-based co-chair of capital markets at law firm...
...“It is fair to assume that virtually every company focused on oil and gas exploration, production and refining is continuously looking to expand its oil and gas activities,” said Hortense Bioy, global director...
...But industry executives reject the idea that the technology is a means to justify further oil and gas exploration....
...Woodside bought BHP’s lucrative former oil and gas assets last year while Santos solidified an A$21bn takeover of Sydney-based Oil Search in 2021....
...Continental has warned oil prices could hit $150 a barrel in coming years unless Washington does more to encourage exploration....
...The world does not need exploration for new oil and gasfields....
...Oil exploration is a challenging and costly business that involves using geological knowledge and seismic imaging to guess what might be buried underground and then sinking expensive exploration wells to...
...Some experts said the Pioneer deal demonstrated that investor pressure was forcing Exxon and the wider industry to give up on organic growth which requires capital intensive drilling operations and exploration...
...Smart reads Backhanders and bathrooms A $70,000 wristwatch, a luxury bathroom and at least a dozen bags of cash were all given as bribes to win oil trading business in Ecuador, Bloomberg writes....
...In a chilly hangar in Northern Ireland, Ulster Aviation Society co-founder Ray Burrows surveys painstakingly restored aircraft including a sleek black Sherpa jet, a boxy Short 330 and a Canberra spy plane...
...But Icahn could rely on one secret weapon of sorts to pour oil on troubled waters....
...Following the vote, Maduro authorised state-run companies to grant licenses for exploration and exploitation in the Essequibo region....
...The CO₂ emitted in the production is also half the global average for a barrel of oil of 18kg/b, he added....
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