Hints and tips:
...and oil....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...The decision proved prescient after Russia’s 2022 invasion of Ukraine drove a surge in oil and gas prices....
...Magellan’s pipes and storage tanks are heavily concentrated in oil, while Oneok’s assets carry more natural gas....
...The head of one of the biggest US oil pipeline companies said there were better growth prospects in shipping natural gas as he steps up a campaign to convince investors to back a $19bn merger with a gas-focused...
...and gas companies and electricity generators....
...French oil major Total made an investment in 2016, later promising to buy 2.5mn tonnes a year from Driftwood....
...Gas pipeline giant Oneok in May announced an $18.8bn deal to buy oil-focused Magellan Midstream Partners, though the takeover has faced some pushback from big shareholders....
...He argues that the sustainability factors material to, say, an oil and gas company and a software-as-a-service business may be very different....
...The transaction is particularly significant given European oil majors such as Eni, BP and Shell have been more likely to sell oil and gas assets than to buy them since setting targets to cut carbon emissions...
...Russia is a major supplier of oil, gas and — along with Ukraine — grains such as wheat....
...The deal comes as a cash-rich US oil and gas sector looks to pick up dealmaking after a lengthy dry spell....
...This will be the biggest deal in the oil and gas industry to come before the administration and will no doubt come under the microscope....
...Oneok transports natural gas and its byproducts. Magellan moves crude oil and its derivatives. Oneok cannot use Magellan’s oil pipelines to tap new markets for its natural gas and vice versa....
...However, the Biden administration is under mounting pressure from climate activists not to grant permits for new long-term oil and gas projects they argue will lock in carbon emissions for decades to come...
...That continued into this year with CVC netting more than three times its money on the $4.9bn sale of oil platform Neptune Energy last month....
...Bigger than Goldman Abu Dhabi’s Sheikh Tahnoon has leveraged bottomless reserves of oil cash and powerful connections to become one of the world’s most influential dealmakers, Bloomberg writes....
...It also controls large stakes in Swiss refiner Varo Energy and Spanish oil and gas company Cepsa....
...The oil majors are rolling out massive share buyback programmes....
...Looney has moved faster and further than many other oil and gas supermajors in his efforts to overhaul BP’s business, pledging to cut the company’s oil production by 40 per cent by 2030 as it invests in...
...The move comes as strong global demand and the prospect of curtailed oil and natural gas flows from Russia drive up energy prices....
...against activist Bluebell (FT) Microsoft invests in Travis Kalanick’s CloudKitchens start-up (FT) Musk suggested delaying Twitter deal over ‘world war three’ concerns (FT) Repsol to sell $4.8bn stake in oil...
...Its natural resources funds rose 14 per cent, buoyed by surging oil and natural gas prices. Accrued performance revenues of such investments rose 427 per cent to $739mn....
...In part, that reflects higher commodity prices, which have increased the cost of buying a cargo of liquefied natural gas or filling a supertanker with crude oil, which at current prices stands at almost...
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