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...
...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....
...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 June 7, 2023. ©2023 Nikkei Inc. All rights reserved....
...CrownQuest ploughed more than $700mn into developing new wells in 2021 alone....
...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....
...“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.”...
...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....
...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...
...But other members argued that the strong protection against mild disease shows it is likely to protect well against serious Covid-19....
...Codemasters then came to specialise in sports and racing games for PCs as well as Nintendo and Sony PlayStation consoles....
...“In each sector, the strongest competitors are well capitalised and well positioned to compete for deals.”...
...ESG was becoming a tool of risk management as well as activism. To some, this made ESG hypocritical....
...For the first time in a century, not a single oil rig is drilling new wells in Venezuela....
...So far it’s working out well for him....
...Since then, it has tapped debt capital markets, floated a stake in its retail arm, launched plans to trade its flagship crude on an exchange in Abu Dhabi and signed partnerships in drilling, refining, fertiliser...
...As Cody Campbell, chief executive of Double Eagle Energy, the company that hosted Mr Trump, told ES, his support in the area was “outstanding — probably 90 per cent”....
...AEW hosts live events and airs quarterly pay-per-view shows as well as a weekly primetime Wednesday slot for its flagship offering, Dynamite....
...WeWork’s turmoil may well tempt the showman chief executive to step up to the microphone again....
International Edition