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...The state-controlled Petrochemical Commercial Company was part of a network that the US accuses of raising hundreds of millions of dollars for the Iranian Revolutionary Guards Quds Force and of working with...
...Saudi Aramco’s chief executive has praised China’s contribution to helping the west hit its net zero targets as the world’s largest oil producer strengthens commercial ties with Beijing....
...The US government has imposed sanctions on companies accused of shipping or trading Russian oil in violation of western rules but is yet to target an individual for involvement....
...A moratorium on new funding from oil and gas companies had been formally adopted, lasting until the process for accepting donations is reviewed, the university confirmed to the Financial Times....
...But Equinor is still first and foremost an oil and gas company....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...Bringing this oil to market will cost billions of dollars. It may well sell down its stake to an international oil company....
...Oil prices fell sharply as concerns over a glut outweighed fears that supplies could be disrupted by a widening conflict in the Middle East....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...Lucas previously served as the executive general manager of the company. Lightshift Energy, a US energy storage provider, appointed Robert Greskowiak as chief commercial officer....
...Mindful of the risk that fresh sanctions on Venezuela might push up oil prices in a US election year, Washington will allow US major Chevron to continue a joint venture with Venezuela’s national oil company...
...Oil majors and state-owned companies are behind the majority of new discoveries and approvals....
...Rio Tinto has appointed Bold Baatar, a charismatic Mongolian national touted as the Anglo-Australian company’s likely next leader, as chief commercial officer....
...oil sector....
...The short-term swings on Friday showed the markets were in an “agitated” state, said Viktor Katona, head of oil analysis at Kpler, an energy data and research company....
...But despite tensions in the Middle East, including the Israel-Hamas war and the attacks on commercial shipping by the Houthis, the oil price remains well below the $100 a barrel level last seen in the summer...
...Of 17 pure exploration wells since February 2022, there have been 15 confirmed discoveries of commercial quantities of oil or gas. Certainly Chevron has confidence in this outcome....
...His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity....
...Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway’s giant oil fund, with the gap between the two continents only getting wider....
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Any company in our position would do the same thing.”...
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...“The UAE views data as the new oil,” the person said. “It realised that it had to find a new way to exist between the US and China because of US concerns about Chinese tech....
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