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...“secure improper advantages” on oil contracts between 2003 and 2014....
...the consulting firm’s denial that it ever worked for Beijing....
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...and gas group....
...It also — again as with oil or anything else dug out of the ground and seabed — requires an end price above the cost of production....
...Dame Harriett Baldwin singled out the failure of items such as the US-led price cap on Russia’s oil sales and identified measures where the UK, in tandem with the US, EU and other allies, could do more,...
...He said the South American country had benefited from the easing of US sanctions on its oil industry in October and the entry of US companies such as Chevron....
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...Before then gas was largely considered an unwanted byproduct of oil production and was usually flared on site....
...Saudi Aramco’s chief executive said the world should “abandon the fantasy of phasing out oil and gas”....
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...Under government proposals, homes not connected to mains gas would be banned from purchasing replacement oil boilers from 2026 and expected to fit heat pumps instead....
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...The government also extended a windfall levy on oil and gas companies, a move that had been part of Labour’s revenue-raising plans....
...Analysts predict that the back-to-back deals — ExxonMobil’s $60bn purchase of Pioneer Natural Resources and Chevron’s $53bn takeover of US oil and gas producer Hess — could be just the beginning....
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