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...Wood Mackenzie added that many companies in the oil and gas industry had low levels of borrowing and would be relatively unaffected by higher rates....
...Commodity traders are anticipating huge increases in demand and volatility in gas and electricity markets as the global energy system transitions away from more polluting oil and coal....
...“These oil deliveries constitute a full-frontal assault against the sanctions regime, which is now on the brink of collapse,” said Hugh Griffiths, a former co-ordinator of the UN panel that monitors sanctions...
...China’s foreign ministry did not comment directly on the negotiations but said that natural gas is an important aspect of Sino-Russian energy co-operation....
...Oil and gas executives were the most likely to share this view....
...Charif Souki, a pioneer of the US liquefied natural gas industry, has been ordered to repay $100mn to his lenders months after he was ousted from his latest venture....
...synthetic natural gas Synthetic natural gas piques worldwide start-up interest Natural gas is a leading contributor to the climate crisis because of the CO₂ it releases when burnt and the leaks that can...
...Energy markets have been volatile this year, amid concern about a possible escalation in Israel’s war with Hamas and confrontation with Iran, although to date increases in oil and gas prices have been relatively...
...“If you talk to the oil people they are going to say the only way we can meet this energy demand is to use fossil fuels, but many of the customers of these data centres have made net zero CO₂ commitments...
...We start with the oil and gas sector that is due to wrap up a bumper earnings season this week....
...The changes reflect chief executive Wael Sawan’s plans to keep oil production flat and expand sales of liquefied natural gas while being more selective about the types of low-carbon energy products it sells...
...“There is no way the US rig count grows after the recent wave of consolidation,” Conrad Gibbins, co-head of the upstream Americas business at Jefferies, told me....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...While BP insists that it is committed to cutting oil and gas production, the company has moved to slow its retreat in response to pressure from shareholders and as Russia’s full-scale invasion of Ukraine...
...It is the Dutch executive’s first corporate role since stepping down as head of the oil and gas major at the end of 2022....
...Diamondback Energy’s $26bn deal for rival Endeavor Energy this week brought to almost $180bn the value of an oil and gas dealmaking spree that has reverberated across the US shale patch since the beginning...
...The potential tie-up comes as a wave of merger and acquisition activity sweeps across the US oil and gas sector as companies look to build scale and bulk up on dwindling prime drilling acreage....
...But an ill-timed move into oil ultimately led to its bankruptcy when the Covid-19 pandemic crushed fuel demand in 2020....
...The bulk of Glencore’s emissions are classed as “scope 3” — arising from its customers’ use of commodities such as coal, oil and natural gas that it produces and trades....
...Overall, almost no oil or gas group is doing enough to advance a greener global economy, despite what many claim....
...Under the scheme, Trafigura and its co-conspirators agreed to make illicit payments of up to 20 cents per barrel of oil products bought from or sold to Petrobras, and to conceal the bribes via shell companies...
...Other industry groups condemned Biden’s move — not only oil and gas producers but also the American Gas Association, a trade group for utilities that deliver fuel to end consumers....
...Oil trading represents about 30 per cent of total revenues. Alongside gas and power trading, the group is investing in green technologies such as battery storage and biogas....
...Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market...
...There is also controversy around the incentives that they provide to continue pumping oil and gas rather than rapidly transitioning. 3. Renewables are way off course . . ....
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