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...Calpers had a 0.2 per cent equity stake in Exxon worth about $1bn as of March 31, according to a securities filing....
...Jessica SmithMyles McCormick is the FT’s Houston correspondent, he covers the energy industry. Thanks, Myles. Myles McCormickThanks for having me on....
...Myles McCormickYou had a scenario where the US was this kind of declining oil producer. Michela TinderaThat’s Myles McCormick. He covers energy for the FT....
...“The focus is not on a firm. The focus is not on a fuel. The focus is on emissions — and on setting our country up to win the economy of the future,” Zaidi says....
...And that’s a result of fundamental supply and demand factors. Marc FilippinoMyles McCormick covers energy for the FT from Houston. Thanks, Myles. Myles McCormickThanks, Marc....
...The Biden administration has for the first time in several decades ratcheted up the cost of drilling on public lands in a landmark new regulation as it seeks to crack down on the oil and gas industry ahead...
...Myles McCormick I suppose the former, to some extent. I mean, you heard quite a contrast there in terms of the two types of rhetoric....
...Do you have thoughts on how much of a threat to Biden’s re-election the rise in petrol (or gasoline) prices could be? Are you beginning to feel the squeeze? Get in touch: myles.mccormick@ft.com....
...“For these people with the very deep cash pockets, this isn’t such a big deal.”...
...Only a handful of companies, including Saudi Aramco, have received such a low designation....
...Industry executives and analysts said Sheffield was paying a price for being outspoken and had become a casualty of an FTC effort to take a tough stance the sector....
...“Yes, we’re a big producer. But more importantly, we’re a big consumer, and that’s where our exposure lies.”...
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...Tellurian has warned of “substantial doubt” about its ability to continue as a going concern and has said it is exploring a sale....
...The Biden administration has increased the cost of oil and gas drilling on public lands, raising royalty rates for the first time in a century as part of a sweeping crackdown on the industry ahead of November...
...Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday....
...It alleged that Sheffield and Opec had sought to limit the competition injected into the market by a surge in US supply by “embark[ing] on a series of efforts to co-ordinate output levels to keep production...
...Biden also notched a victory in Colorado, winning 85 per cent of the vote, with 74 per cent of ballots counted....
...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...
...Chevron’s chief executive hit back at ExxonMobil on Tuesday, expressing “surprise” at its decision to seek arbitration in a tense stand-off over a lucrative Guyana oil project....
...“The Jupiter Merlin team retains its full investment of £480mn in the Jupiter Global Value . . . under new lead portfolio manager Brian McCormick,” the asset manager said....
...Add in drummer Brian Blade, who emphasises the music’s narrative contours, and the album moves from warm-up gig to standalone release....
...Chord Energy has agreed to acquire Enerplus in an $11bn deal as a wave of consolidation continues to sweep across the US oil sector....
...He looks set to face Colin Allred, the former NFL linebacker and Congressman, who was leading his opponent Roland Gutierrez by a significant margin....
...Chord Energy has agreed to acquire Enerplus in an $11bn deal, as a wave of consolidation continues to sweep across the US oil sector....
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