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...Jean Paul Prates told the Financial Times that Latin America’s largest oil and gas company is considering a fresh wave of international expansion in Europe, west Africa and the Americas as part of a strategy...
...Any company in our position would do the same thing.”...
...More companies were competing for a limited supply of biomass, Kahsar said. “Maybe you can find some extra waste to turn into bio-oil and sequestration that in Kansas,” he added....
...“If you look at the approach we’re taking to production, where you’re drilling wells 10,000 feet underground into these saltwater reservoirs — that’s obviously directly in our wheelhouse and capability set...
...CVC bought Douglas in 2015 from close rival Advent International, which had taken the company private three years before....
...He said the deal made sense in terms of boosting efficiency and ensuring the company had resources that could plug into its large refining and chemicals assets on the Gulf coast....
...The company, she said, had for too long delayed transition in South Africa, and had instead invested massively in international expansion, including an expensive foray into a chemicals plant in Lake Charles...
...Törnqvist said the company was also exploring upstream investments in oil and gas production for the first time....
...“By 2050, even in the most conservative scenario, we’re still going to need around half the oil that we consume today....
...Brent crude, the international oil marker, averaged about $78 a barrel during the period, compared with $112 a barrel a year ago....
...oil company....
...“We’re a Brazilian company run out of Canada joint venturing in Indonesia with the Chinese and the Saudis have 10 per cent in us....
...Asked if he would support Trump or Biden, Redlich retorted, “I’ll be in the Bahamas.” Additional reporting by Jamie Smyth in New York...
...Last month it completed the purchase of a 10 per cent stake in China’s Rongsheng Petrochemical Co Ltd for $3.4bn in a deal that will see Aramco supply 480,000 b/d of crude to China’s largest refining and...
...Brent crude, the international oil marker, settled at $80.55 a barrel on Friday — down almost 20 per cent since late September. Experts have warned that crude could rise again quickly....
...“The fact that petrochemical feedstock demand continues to keep growing is what pushes our view of peak oil out into the early 2030s,” said Alan Gelder, vice-president of refining, chemicals, and oil markets...
...Here’s a quick recap of the decade-long saga: In 2012, then-president Cristina Fernández de Kirchner renationalised the country’s largest oil company, Yacimientos Petrolíferos Fiscales (YPF)....
...The tycoon officially gave up control of Spurs in October 2022, handing responsibility to a pair of Bahamas-based administrators at the helm of a trust that controls ENIC, the company that owns more than...
...“That will likely include ramping up of Venezuelan oil and natural gas production and exports, re-inclusion of Venezuelan bonds in major emerging market indices, debt settlement negotiations and eventual...
...Carriers such as United Airlines and Alaska Airlines have joined farm groups, US biofuel refinery owners such as Archer Daniels Midland and Green Plains, and international oil companies including BP and...
...In the Bahamas, where FTX was based, Prime Minister Philip Davis championed the company as a marquee acquisition as the Caribbean country’s economy sought its next economic boost....
...For Cristina Fernández de Kirchner, the seizure of Argentine oil major YPF in 2012 was not just necessary to “safeguard the hydrocarbon sovereignty” of her country....
...But he also wants the company to increase refining capacity to make Brazil self-sufficient in oil products....
...Analysts said any streaming losses were manageable for a conglomerate buttressed by vast oil refining and petrochemicals revenues....
...As a business we’re fine, we’ve tweaked our plan and we’re managing to grow locally and I’m excited — but my original vision for the company was more grand, more global and I’d love to get back to that,...
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