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...According to his LinkedIn profile, he previously worked in government affairs for Cheniere Energy and as a senior adviser to the chief of executive of Tellurian Inc, two companies which pioneered the development...
...Texas, the leading US oil-producing state, has declared Climate Action 100+ to be anti-oil and blocked financial companies, including BlackRock, from doing business with the government....
...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 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....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...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....
...The second, on oil and gas producers, unsurprisingly finds that companies in the sector are “severely misaligned”, with an average implied temperature rise of 4.2 degrees....
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
...Citing his trips to 17 countries last year, Fink wrote global politicians and businesspeople increasingly planned to invest in both oil and gas for energy security and green power for the energy transition...
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...Big oil’s clean-up charter While oil and gas companies have not yet committed to producing less fossil fuels, their pledge to cut emissions from their own operations is noteworthy....
...Their entire product is based on oil. I don't see a way that they can truly reduce without offsetting. One of the analyses I used as an example was Xbox versus Lego....
...“The knowledge that [the European companies] needed to sign up for [long-term LNG contracts] has come through,” Grindal said....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...But just seven months later the second-largest western oil company is going through a rocky patch because of operational problems and an all-stock mega-deal, the FT reports....
...Shares rose 1 per cent on Wednesday after news of Souki’s departure from the company. The company’s difficulties have also hit Souki’s personal finances....
...Ethylene is produced from hydrocarbons derived from oil and natural gas and is a feedstock for the most widely used plastic, polyethylene....
...Smart reads Backhanders and bathrooms A $70,000 wristwatch, a luxury bathroom and at least a dozen bags of cash were all given as bribes to win oil trading business in Ecuador, Bloomberg writes....
...The price of oil is being kept down by weak Chinese demand, despite Opec production cuts....
...Both companies have already been active in dealmaking. Woodside bought BHP’s lucrative former oil and gas assets last year while Santos solidified an A$21bn takeover of Sydney-based Oil Search in 2021....
...“We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately, reflecting realistic demand assumptions,” he said....
...But IP doesn’t have the same importance to an oil & gas exploration company as it would to a brand like J Crew, so other assets might be available for transfer. 2) Contracts often prevent transfers of IP...
...Guy Wall, the managing director of A&M’s restructuring practice in Dubai, last month became a director of Brooge Energy Limited, a UAE oil storage company that had been plagued by financial reporting failings...
...Senior DoJ officials on Thursday compared the Apple lawsuit with some of the most significant antitrust cases in US history, including challenges against AT&T, Standard Oil and Microsoft, which was accused...
...The UK’s previous adherence to green energy policies has taken a heavy toll on UK-focused oil and gas companies....
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