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...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...But Equinor is still first and foremost an oil and gas company....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...Bringing this oil to market will cost billions of dollars. It may well sell down its stake to an international oil company....
...for locals; at the last count, the company had hired about one in four of the city’s referrals....
...In 2022, the company turned a net profit of around $6bn for the first time in a decade thanks to higher oil prices and a reduced tax burden....
...Van Beurden spent 39 years at the oil major. Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron....
...oil sector....
...The short-term swings on Friday showed the markets were in an “agitated” state, said Viktor Katona, head of oil analysis at Kpler, an energy data and research company....
...While we’ve been watching Nvidia and other sparkly tech stocks, oil has been sneaking up to touch $90 a barrel. Today on the show, we talk about oil supplies, demand and the role of geopolitics....
...innovation officer Leigh-Ann Russell is leaving for an external job after 18 years at BP, while Anja-Isabel Dotzenrath, who joined in 2022 to head BP’s gas and low-carbon business, will retire, the FTSE 100 oil...
...Australia’s largest oil and gas developer has launched a staunch defence of its climate plan ahead of a potentially damaging vote on the issue at its annual meeting next week....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...Companies: Blackstone, Netflix, Alaska Air Group and DR Horton report results....
...A dozen of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies following detection of 26 large leaks of the planet-warming...
...The deal would make Ithaca one of the biggest independent oil producers in the North Sea and could spur further consolidation, as companies seek scale to fund investment and the cost of decommissioning legacy...
...The youth-friendly move would have been to make the lion look more dead. A lolling tongue perhaps, like Nirvana’s famous X-eyed smiley face. The Lyle’s lion had it all: both beautiful and weird....
...Sean Bailey is stepping down after 15 years as president of Disney Studios motion picture production, a tenure that produced successful remakes of The Lion King, Beauty and the Beast and Aladdin, the company...
...And if Netflix does ever decide to sign a deal with a proper sports league, the company will have already cut its teeth on the technical aspects of live streaming matches....
...While more oil could come on line this summer from Opec, which next meets to discuss quotas in June, Sen predicted that oil prices would have to rise further first....
...The bloc has banned Russian oil and coal imports and the commission has proposed ending all fossil fuel imports from Russia by 2027....
...Mindful of the risk that fresh sanctions on Venezuela might push up oil prices in a US election year, Washington will allow US major Chevron to continue a joint venture with Venezuela’s national oil company...
...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....
...Oil majors and state-owned companies are behind the majority of new discoveries and approvals....
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