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...Paolo Scaroni, the influential former chief executive of oil major Eni, has stayed on as club chair. Gordon Singer has kept his seat on the board....
...“We’d be looking to cut a lot of that spending.”...
...Its overall US oil output rose to 851,000 barrels a day during the quarter from 789,000 b/d a year ago....
...EQT, which ranks as the top gas producer in the country, produced 5.4bn cu ft/d....
...But an ill-timed move into oil ultimately led to its bankruptcy when the Covid-19 pandemic crushed fuel demand in 2020....
...At full capacity, the refinery will process 650,000 b/d, which could transform the country into a net exporter of refined fuels....
...Wood Mackenzie forecasts peak production of 1.5mn b/d of production by 2033 — more than that of many Opec countries....
...Mark Lashier, Phillips 66 chief executive, said the company had “engaged in discussions” with Elliott and “welcome[d] their perspectives and the perspectives of other shareholders on our strategy and the...
...Absorbing CrownRock’s 226,000 boe/d would solidify its position as the number two player in the basin after Pioneer combines with Exxon....
...As a result, north-east gas production would be downgraded significantly to 30bn cubic feet a day or by 10bn cu ft/d below the base case in 2040, it said....
...Alongside Continental Resources boss Harold Hamm, Hess transformed the state from producing fewer than 100,000 barrels of oil a day in the early 2000s to a peak of 1.5mn b/d in 2019....
...“I’ve avoided speaking up because I’d be speaking on behalf of part of my workforce, and in opposition to another part of my workforce....
...The unusually fast ramp-up could push production to 1.2mn b/d by 2027 — equivalent to about a third of Exxon’s current daily production....
...The Permian produces about 5.8mn barrels of oil a day, out of about 13mn b/d in total US oil production....
...small deals, big impact Those who were expecting Andrea Orcel to announce a large-sized takeover before the end of his term as chief executive of UniCredit next spring might have been disappointed: “I’d...
.... . . when everyone was getting excited about oil-powered internet routers bought on unsecured credit or whatever: And also . . . ....
...It is part of a development led by Exxon off the tiny South American country’s coast, where more than $40bn in investment is planned, that could bring Guyana’s total oil production to more than 1mn b/d later...
...[MUSIC PLAYING] Rupert Murdoch is stepping down as chair of Fox and News Corp. His son Lachlan Murdoch will take over....
...and 600,000 b/d, according to one person at the dinner....
...And on the sidelines of the G7, Japan Oil, Gas and Metals National Corp, and trading house Mitsui & Co signed a memorandum of understanding with the Abu Dhabi National Oil Company to launch a joint study...
...Continental Resources, which shale pioneer Harold Hamm took private last year, is the US’s biggest private oil producer, pumping 280,000 b/d. It’s also a natural gas powerhouse....
...COP27 Should oil companies be at November’s UN climate conference in Egypt? “I’d like to believe that there is a seat at the table for our industry,” Wirth said....
...The situation is reminiscent of the gap between oil prices and the prices of oil stocks....
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...“We saw last year what a mess we’d got into with our energy dependence on Russia, how fatal that was,” says Michael Kellner, state secretary at the German economy ministry....
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