Hints and tips:
...to avoid a repeat of last year, when they left billions of dollars on the table by locking in prices at an average of about $55 a barrel before Russia’s full-scale invasion of Ukraine sent crude soaring well...
...London’s main climate risks included rising sea levels, as well as surface water flooding, extreme heat, wildfires and drought hitting water supplies, the report said....
...With nearly 90 per cent of its electricity generated from renewable sources, as well as a big biofuels programme, Brazil has the “political, economic and moral authority” to talk about a just and inclusive...
...The rejection of the drilling plan also dismayed local politicians from coastal areas that stand to benefit from jobs and royalties if production eventually goes ahead....
...That infrastructure fits well with Exxon’s needs, especially Denbury’s Green Pipeline, say Jefferies. Rumoured to have bid for Denbury before last October, Exxon clearly drove a hard bargain....
...“I know everybody is tired of talking about it — I certainly am as well,” he said of inflation’s impact....
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
...Oil people like cash well enough — but they really like drilling wells....
...In fact, private producers have completed nearly as many wells in 2022 than their bigger public peers, and now operate almost 60 per cent of all US rigs, according to Barclays....
...A version of this article was first published by Nikkei Asia on March 7, 2023. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on January 24, 2023. ©2023 Nikkei Inc. All rights reserved....
...Analysts said the move could free Continental to do what public producers have for months been told by Wall Street not to: fire up drilling rigs to capitalise on a surge in oil prices to well above $100...
...It comes as Russia’s invasion of Ukraine has driven up oil and gas prices, prompting calls from the White House for shale operators to drill more wells....
...The drilling programme could last until 2026 with the necessary regulatory approvals, the company said....
...But even if a fund is heavy on tech, it’s still worth drilling down to see what sort of tech companies it holds. Take Liontrust Sustainable Future Global Growth, a UK-domiciled fund....
...“Companies that are producing from their leased acres and existing wells will not face higher fees....
...“Well costs are going higher, inflation is rampant, margins are going to be crushed,” Gillick of Enverus said. “It’s not so easy to increase drilling, even if Europe needs the gas.”...
...A version of this article was first published by Nikkei Asia on August 5 2022. ©2022 Nikkei Inc....
...The government platform said it should become the leading asset manager in responsible investment as well as climate risk....
...“We have advocated for industry consolidation as there are too many undersized and irrelevant companies drilling shale wells,” said Mark Viviano, head of public equities at Kimmeridge, which has built up...
...“So I think that the north-east Pennsylvania position is actually reasonably well consolidated now.”...
...After years of full-force drilling, investors now expect shale producers to shower cash on shareholders, not plunge it into new rigs....
...Still, US exports have held up relatively well with about 3.4m b/d of oil shipped out in June, compared with 3.6m b/d in March 2020....
...(Patrick Temple-West) Chart of the day Across 10 major urban areas, more than $19tn of assets in homes and buildings are exposed to devastating coastal flooding, HSBC reported in a study released this...
...But Lightsource BP can generate the electricity for less than $0.03 per kilowatt-hour, well beneath the price of electricity from fossil fuel sources, said Kevin Smith, the company’s chief executive in the...
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