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...because of “the profound changes in both the US and global natural gas markets”....
...But Equinor is still first and foremost an oil and gas company....
...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....
...Oil and gas executives were the most likely to share this view....
...Last year, Eni paid $4.9bn for London-based oil and gas producer Neptune Energy in what was the largest cash deal in almost a decade for the European energy sector....
...The oil and gas windfall tax will be extended one year until 2029, Jeremy Hunt has announced....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...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....
...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...
...Flynn warned that an extension, which would impact Scotland’s oil and gas extraction industry, risked converting Scottish Tories into nationalists....
...Galp already has oil production in Brazil, with a new project starting up at Bacalhau. It has stakes in projects in Mozambique (gas) and offshore São Tomé (near Nigeria)....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...Three regions produce 61 per cent of the country’s natural gas: Appalachia, the Permian and the Haynesville (mostly east Texas and Louisiana)....
...The EU’s decision to increase imports of LNG and introduce gas-saving measures were “very important” for the EU, she added....
...The Scottish Conservative leader said he was “deeply disappointed” by the Budget’s one-year extension of the windfall tax on the oil and gas industry....
...In 2020 he and his wife, who also works in the Pennsylvania gas industry, were laid off during the pandemic....
...Whereas Turn2X and Terraform are focused on supplanting natural gas, TES also aims to use synthetic natural gas as a “hydrogen carrier”....
...The chief executive of Ithaca Energy has quit the North Sea oil and gas producer, exiting as the group tries to rebound from a lacklustre first year as a public company....
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
...American oil and gas lobby groups have hit back against Joe Biden’s freeze on new permits for LNG infrastructure, lodging a legal filing that urges the Department of Energy to reconsider the suspension....
...Oil is currently below the level seen before last week’s drone and missile attack on the Jewish state by Tehran....
...oil and gas assets in the ageing basin....
...“We should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions,” he said....
...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....
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