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...While the numbers of departures have not been as high as the worst predictions, many US companies have slowly relocated teams from London and chosen to make new hires in continental Europe....
...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...“It is a huge turnaround from where we were at in the 1970s,” said Harold Hamm, chair of Continental Resources and a shale pioneer....
...of oil equivalent per day.The company, which has stakes in the undeveloped Cambo and Rosebank fields, has had a difficult time since listing on the London Stock Exchange in November 2022....
...Bringing this oil to market will cost billions of dollars. It may well sell down its stake to an international oil 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...
...Alleging it was “arbitrary, capricious and not in accordance with the law”, the lawsuit asked the court to review the administration’s decision under the Outer Continental Shelf Lands Act....
...In 2022, the company turned a net profit of around $6bn for the first time in a decade thanks to higher oil prices and a reduced tax burden....
...Van Beurden spent 39 years at the oil major. Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron....
...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....
...While we’ve been watching Nvidia and other sparkly tech stocks, oil has been sneaking up to touch $90 a barrel. Today on the show, we talk about oil supplies, demand and the role of geopolitics....
...innovation officer Leigh-Ann Russell is leaving for an external job after 18 years at BP, while Anja-Isabel Dotzenrath, who joined in 2022 to head BP’s gas and low-carbon business, will retire, the FTSE 100 oil...
...Australia’s largest oil and gas developer has launched a staunch defence of its climate plan ahead of a potentially damaging vote on the issue at its annual meeting next week....
...left the company....
...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....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...Companies: Blackstone, Netflix, Alaska Air Group and DR Horton report results....
...A dozen of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies following detection of 26 large leaks of the planet-warming...
...US oil major ExxonMobil in January sued two small shareholders to stop their climate change petition from going to a vote before the company’s investors at its annual general meeting....
...The bloc has banned Russian oil and coal imports and the commission has proposed ending all fossil fuel imports from Russia by 2027....
...While more oil could come on line this summer from Opec, which next meets to discuss quotas in June, Sen predicted that oil prices would have to rise further first....
...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...
...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....
...Oil majors and state-owned companies are behind the majority of new discoveries and approvals....
...Oil companies make more money today at $90 than they did 10 years ago, when it comes to the long term.”...
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