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...was present from one of the major oil and gas groups, including either BP, Shell, Exxon or Equinor....
...because of “the profound changes in both the US and global natural gas markets”....
...and gas continues to grow....
...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...
...These US oil companies enjoy no such protection and will be held to account,” Gross said....
...“In Biden’s campaign to become president, he said he was going to end the oil and gas industry — he is doing that,” says Stephen Robertson, executive vice-president of the Permian Basin Petroleum Association...
...Most traders and analysts believe the EU will not have a problem refilling its gas storage facilities ahead of winter when demand rises....
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
...Biden “said he was going to end the oil and gas industry — he is doing that”, said Stephen Robertson, executive vice-president of the Permian Basin Petroleum Association....
...One hundred years later, the group — now called TotalEnergies — is looking west to try to solve another puzzle: the valuation gap between European and US oil majors....
...But Equinor is still first and foremost an oil and gas company....
...In Perth, Woodside Energy — which is in oil and gas — suffered a bloody nose at its 70th annual shareholder meeting....
...Partly this has been by switching sources and reducing demand, and partly by increasing imports of liquefied natural gas....
...In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president....
...Russia’s budget revenues from the oil and gas sector increased 82.2 per cent year on year to Rbs4.16tn ($45.5bn) in the first four months of 2024, according to data released by the finance ministry on Monday...
...The oil and gas sector has also been hit, with only three new licences for exploration granted since the beginning of the year. Crude oil is Brazil’s second largest export in dollar terms....
...The oil and gas windfall tax will be extended one year until 2029, Jeremy Hunt has announced....
...Charif Souki, a pioneer of the US liquefied natural gas industry, has been ordered to repay $100mn to his lenders months after he was ousted from his latest venture....
...as oil and gas prices remained stable....
...The country’s leadership in new oil and gas approvals comes as President Joe Biden faces pressure from environmentalists to take a harder stance on climate while the oil and gas industry accuses the administration...
...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...
...Flynn warned that an extension, which would impact Scotland’s oil and gas extraction industry, risked converting Scottish Tories into nationalists....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...Ukraine still acts as a transit route for Russian pipeline gas into Europe, and its underground gas storage provided European traders with valuable space to park their excess gas ahead of last winter as...
...Three regions produce 61 per cent of the country’s natural gas: Appalachia, the Permian and the Haynesville (mostly east Texas and Louisiana)....
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