Hints and tips:
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...A DRI plant uses natural gas, and potentially once available green hydrogen made from renewable electricity, instead of coking coal to reduce the iron ore....
...“The result of the ESG movement is that there’s been massive multiple compression [in oil and gas stocks] and we still haven’t come back from that,” said Mashaal, adding that many oil and gas companies had...
...A longtime music executive said: “When interest rates are low, people break out the laughing gas and it gets weird, and that’s always been a fact in the music business.”...
...Notably, the firm has developed a major commodities business and grown into a natural gas powerhouse....
...The team behind Chris Foster, Citadel’s senior portfolio manager for natural gas and someone with a reputation for punchy bets, has helped generate billions of dollars for the fund, according to people familiar...
...Third Point, run by activist investor Daniel Loeb, wrote to its investors on Wednesday saying that dividing Shell into a legacy oil, refining and chemicals company, and a separate gas, renewables and marketing...
...And natural gas producers keen to avoid rendering existing pipeline infrastructure useless are also betting that it can be used in heating and power plants....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...But the documentary is also commendably tough on the grave missteps in environmental policy overseen by Barack Obama, who initially championed the harmful natural gas boom....
...Economists are still predicting a downturn, but falling prices for natural gas — which hit an all-time high in August — have helped to soften economic forecasts....
...Experts said the route that would allow a more gradual transition would be to use natural gas or hydrogen instead of coke — to make so-called direct reduced iron....
...It brings the total funding raised by TAE to $1.2bn and follows similar bets by other oil and gas companies seeking to diversify their energy portfolio and reduce their carbon emissions....
...Japan shifted to liquefied natural gas (LNG) as a major source of energy, while the ministry of economy, trade and industry (Meti) ramped up investment in renewables....
...in the Kurdish oil and gas sector....
...“[We want] to make sure that [these] companies are in the hands of those people who can run [them and] bring in more capital.”...
...Before Gemcorp’s management team bought out Avdolyan in 2020, one of the investment company’s funds provided a loan to a company controlled by Avdolyan to invest in a liquefied natural gas project in Russia...
...We will drill enough oil and natural gas to keep the lights on while shovelling the profits into renewables and electric vehicle charging stations to save the planet at the same time....
...Japan and South Korea are also turning to natural gas as they attempt to curb emissions, further putting the squeeze on Europe....
...The increase came as European natural gas, a fuel that is widely used across industry, and wheat, a key grain in food production, reached record highs....
...I mean, obviously, natural resources are a big part of the economy there. Oil, gas, coal....
...The takeover last week of VKontakte, Russia’s largest homegrown social media platform, by companies tied to state-run gas giant Gazprom has the feel of a final act in a long saga of creeping state control...
...This helps explain this chart, from Morgan Stanley, showing private oil company capital investment and the oil price: Oil prices have risen, but oil companies aren’t chasing the prices with higher production...
...But for the last decade and a little bit beyond, the Conservative party has been their natural home....
...The International Association of Oil and Gas Producers (IOGP), whose members include BP and Saudi Aramco, said the EU plan would limit natural gas use as a way to transition away from more heavily polluting...
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