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...He also has the formal title of BP professor, a position endowed by the oil and gas company. These affiliations were not included in the reference in the document....
...This investor added: “Since Russia’s invasion of Ukraine, [oil companies] are seen as providing countries with energy security rather than being terrible companies polluting the world — and they have used...
...the shale gas industry is a major employer....
...BP made an underlying profit of $2.7bn in the first quarter of 2024, slightly below a consensus forecast from analysts of $2.9bn, and said its earnings had fallen because of lower oil and gas prices compared...
...The European gas benchmark traded at about €30 per megawatt hour on Wednesday....
...As a result of higher prices, 2022 was the most profitable year on record for publicly traded US oil companies....
...Companies would have no easier ride convincing them stateside....
...But Equinor is still first and foremost an oil and gas company....
...The bloc is now proposing limited restrictions on Russia’s liquefied gas, the first time it has targeted Moscow’s gas trade with sanctions....
...And when asked about Rio Tinto’s commitment to achieve net zero by 2050, he responded that the company was “not in coal, not in oil and gas”. It was a telling comment for Australian shareholders....
...BP’s shareholders are expecting the company to further soften its climate-related oil and gas production targets....
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...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...The US accounts for about 20 per cent of global demand, driven by the country’s reliance on big, gas-guzzling vehicles....
...The company said that its rate of production of liquefied natural gas was at the top end of its earlier guidance....
...The company aims to increase European natural gas stored in Ukraine from 2.5bn cubic metres last year to 4bn this winter....
...What is striking is that shares in US-listed gas-focused exploration and production companies have performed surprisingly well year to date....
...But sharp falls in natural gas prices and reduced oil refinery margins dented their earnings in the first three months of the year, causing both companies’ shares to dip in early trading....
...A report released last week by Carbon Tracker looked at the 25 largest public oil and gas companies and found that they were “way off” from the Paris climate agreement goals....
...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....
...Clips from Al Jazeera, CBS, CNN For further reading: How US shale keeps sheltering America from the next oil price surge On markets and geopolitics, it is a mistake to forget about shale Why oil prices...
...“A significant share of the oil and gas network may gradually be repurposed for e-fuels, advanced biofuels and renewable and low carbon hydrogen,” the document said, although engineers are sceptical about...
...Last week Russia attacked an underground storage site, although “the situation will not critically impact” operations, according to Naftogaz, the state energy company....
...methane emissions from oil and gas infrastructure....
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