Hints and tips:
...The cash haul marks a dramatic change from 2020, when an oil price crash forced shale operators to idle rigs, fire workers and rip up spending plans....
...Additional reporting by Derek Brower in New York...
...“That was one of the big disappointments of 2022,” said Mark van Baal, head of Follow This....
...(Derek Brower) Rise of Chinese carmakers presents a global challenge The global car market has reached a geopolitical turning point....
...This week marks the third week of scorching temperatures in the oil-rich state. The heatwave is expected to persist into the holiday weekend while expanding eastward....
...Write in with your views: derek.brower@ft.com....
...“It would be very difficult, very expensive to try to cut off all Chinese supply chains,” says Mark Wakefield, an analyst at consultancy AlixPartners. “It’s very impractical.”...
...And we chatted with Ben Dell and Mark Viviano of the influential investment firm Kimmeridge to ask where they’re putting their bets and the future of shale....
...(Derek Brower) Is commercial nuclear fusion power on the horizon?...
...derek.brower@ft.com...
...This bill does mark a fundamental shift away from the market-knows-best strategy. We're going to say climate change is a war that we have to win....
...“Equities tend to be rate-of-change stories and last year, with rising commodity prices, you had a positive rate of change when it came to free cash flow generation and return of capital,” said Mark Viviano...
...“If you want energy transition to happen quickly and use the IRA, you should be supporting transmission,” said Mark Goodwin, chief executive of wind and solar developer Apex Clean Energy, at a recent climate...
...It marks another big step into US LNG infrastructure for private equity, which has helped bankroll much of the sector’s expansion....
...Derek Brower here in New York. Energy prices are on the skids. Brent fell again yesterday, threatening to drop below $80 a barrel. Chinese lithium prices are down....
...The deal marks London-based Ineos’s first entry to the US shale sector....
...Mark van Baal, head of Follow This, an activist shareholder that has taken small stakes in Big Oil, said BP had “backtracked” on its emissions plan and could no longer claim to be aligned with the Paris...
...The deal marks London-based Ineos’s first entry in the US shale sector....
...(Amanda Chu, Derek Brower) Data Drill Russia’s full-scale war on Ukraine is nearly at its one-year mark, but western governments just last week tightened sanctions on the world’s biggest petroleum exporter...
...That will probably prove to be a high water mark for the companies....
...It still marks a contrast to the US fossil fuel producers that have defended their commitment to oil and gas....
...But more important is that the IRA, which marks a major strategic shift towards state-led industrial policy on clean energy, has little to do with Europe. Rather, it is a response to China....
...While crude prices have stabilised around the $80 a barrel mark, providing decent valuations for sellers, natural gas prices are still volatile....
...But Venezuelan crude sailing into the US once again marks a new stage in the countries’ fraught relations....
International Edition