Hints and tips:
...Oil producers hedge prices in futures and other derivatives markets to guard against price drops and ensure they have cash to fund drilling, debt payments and other expenses....
...The UK Labour party has vowed a tougher stance on new oil and gas drilling if it wins power in elections next year, as polls suggest it would. Rivals such as Harbour are looking to diversify abroad....
...with its Wednesday closing price, and will give Exxon access to America’s biggest owned and operated CO₂ pipeline network, stretching 1,300 miles across the US, including 925 miles in Louisiana, Texas and Mississippi...
...That cash flow is being ploughed into both drilling and carbon capture technology, including CO₂ sequestration facilities, transport pipelines and storage concentrated along the Gulf of Mexico coast....
...In a new film, the FT travels to the Mississippi Delta to see how banking and predatory lending are widening social inequality....
...But two others, New Mexico and Mississippi, are seeking to take their cases to trial in their respective state courts....
...Despite soaring oil and gas prices, it seems energy companies are not drilling....
...Shale groups funnelled unprecedented amounts of cash back to shareholders in the forms of dividends and stock buybacks in 2022, responding to Wall Street demands after a decade of debt-fuelled drilling binges...
...Oil people like cash well enough — but they really like drilling wells....
...Analysts said the move could free Continental to do what public producers have for months been told by Wall Street not to: fire up drilling rigs to capitalise on a surge in oil prices to well above $100...
...The drilling programme could last until 2026 with the necessary regulatory approvals, the company said....
...Cost inflation stemming from supply chain and labour constraints are also deterring companies from more drilling....
...But it was the Mississippi-based telecoms company WorldCom, which admitted in June 2002 to booking billions of dollars in inflated profits, that finally spurred the passage of the Sarbanes-Oxley corporate...
...While the 2020 oil crash hit Occidental hard, forcing it to cut its dividend and rein in drilling plans, it has been one of the stars of the recovery, as months of capital discipline and rising oil prices...
...But even if a fund is heavy on tech, it’s still worth drilling down to see what sort of tech companies it holds. Take Liontrust Sustainable Future Global Growth, a UK-domiciled fund....
...Mining’s digital drill-downA group of investors is drilling digital disruption into the $1.6tn global mining industry....
...Chesapeake grew famous more than a decade ago as it spearheaded the shale revolution, amassing a huge drilling position through debt-fuelled acquisitions that for a while made the company the second-biggest...
...“We have advocated for industry consolidation as there are too many undersized and irrelevant companies drilling shale wells,” said Mark Viviano, head of public equities at Kimmeridge, which has built up...
...Dobbs vs Jackson Women’s Health Organization In a 6-3 vote, the Supreme Court’s conservative majority last week ruled in favour of a state law in Mississippi that bans abortions after 15 weeks....
...Shares in Mississippi-based Sanderson reached a new high after reports that it is exploring a sale. These leapt 10 per cent on Tuesday. That pushed the company’s market value above $4bn....
...Biden officials said there was nothing stopping drillers from drilling. Both agreed on another guilty party: Wall Street....
...Analysts see the group based in Laurel, Mississippi, as one of the best performers in the sector....
Pipeline company bets on strong North American energy supplies despite drilling pullback
...Six of the states — Texas, Louisiana, Mississippi, Georgia, Alabama and Tennessee — had vaccination rates below the national average....
...Gray moved eight hours from his hometown in the Mississippi Gulf Coast to Nashville to earn more doing deliveries during the pandemic....
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