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...in trading Russian oil....
...Biden has implemented a slew of policies cracking down on oil and gas: suspending new licences for LNG terminals; restricting offshore drilling leases in the Gulf of Mexico; and issuing strict tailpipe emissions...
...Barrack also warned that, depending on what the cartel does, the oil market could experience “extraordinary” volatility....
...“The oil and gas industry is already sitting on 9mn acres of undeveloped leases. They certainly are not entitled to more,” said Brettny Hardy, an Earthjustice attorney....
...His administration also recently moved to restrict offshore drilling leases and froze permits for new liquefied natural gas infrastructure....
...He accused the administration of “sowing the seeds of a future energy crisis” by imposing severe restrictions on approving oil and gas leases....
...A new satellite mission to track planet-warming emissions of methane gas is finally set to launch, now aided with artificial intelligence technology to help build a global map of oil and gas infrastructure...
...Richard Holtum, head of gas, power and renewables at Trafigura, said his team “uploads several billion discrete bits of data into the cloud” every day....
...The White House on Wednesday cancelled oil and gas leases in Northern Alaska that were sold by the Trump administration in a last-ditch effort to issue more lands for drilling....
...Biden initially sought to freeze new drilling on public lands and has restricted lease sales in the Gulf of Mexico....
...The rules will prohibit new oil and gas leasing in approximately 40 per cent of the area....
...The Biden administration on Friday unveiled plans to hold a record low number of offshore lease sales over the next five years, in a blow to the oil and gas industry....
...They can affect the long run by restricting leases for long-term oil and gas production. But in the near term, what happens to oil and gas companies’ bottom lines is dictated by the oil price....
...Water is used in most forms of fuel and power generation, for example, to pump for oil and gas or to produce steam in thermal power stations....
...Oil and gas companies directed 56 per cent of capital to dividends and buybacks last year, up from 41 per cent in 2018, according to Bain. Mining companies saw a similar increase....
...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....
...The glowing oil painting above of Holy Island in Northumberland is by Craigie Aitchison....
...Fleetscape had provided lease financing to Empire Navigation. After UANI raised the issue, the ship waited near Singapore, close to the area where it had taken on the oil....
...Critics argue the move is reckless, locking Britain into producing more oil and gas instead of phasing them out and that most of the oil would be exported, rather than contributing to domestic energy security...
...“The Brazilian government and [state-controlled energy company] Petrobras must stop the country’s colossal expansion of oil and gas,” argues Martin Dietrich Brauch, a researcher at the Columbia Center on...
...Earlier this year, the firm decided not to pursue its offer for UK oil engineering company Wood Group despite a months-long pursuit that saw it make multiple offers....
...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....
...The Biden administration is being sued by both the oil and gas industry and green groups over its decision to severely restrict offshore drilling....
...Houston is traditionally known as a hub for the oil and gas industry, but it’s now become a centre for green energy innovation....
...Start-ups are fielding calls from venture capital providers, pension funds, nuclear engineering companies and, of course, oil and gas groups....
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