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...“This is a nascent industry, in which the UK is going first and fastest, so I would call this now a phase of forming,” said Gillies....
...Exxon was among the 50 top oil and gas companies attending the summit to sign a pledge to cut emissions from their own operations, which make up only a minority of their contribution to global warming....
...The company declared pre-tax profits of about €314mn in 2022 on €5.3bn revenue. It reported €13.6bn debt....
...“It’s the worst presidency with regard to energy policy I’ve ever seen — and I’ve been involved in energy for 40 years, my entire career.”...
...The outperformance under Biden underlines the limited role of the White House in dictating the sector’s fortunes....
...Since then fertiliser prices have eased as natural gas prices have come down, but Europe’s fertiliser industry is still struggling as Russian imports take a bigger share of the market, Holsether said....
...Could we keep the industry going?” Gas supplies were of the utmost concern....
...gas to Asia. — Jamie Santos’ Barossa gas project faces doubts despite legal win G’day from Sydney....
...The expansion speaks to the persistence of Canada’s oil industry, the world’s fourth largest by production volume....
...But I’ve long thought it would be helpful to have a G that was more related to the E....
...“The environment right now is very positive for the oil and gas industry,” Alan Armstrong, chief executive of Williams, the biggest US gas pipeline company, told the Financial Times....
...“The more I get exposed to private equity, the more that I believe that this is a really crucial part of the overall societal puzzle to get right.”...
...I’ll be digging into this topic further in the coming days with my colleagues in Washington....
...“I want the industry to be creating a solution before it becomes a problem,” said Mike Maudsley, chief executive of Enfinium, owned by Igneo Infrastructure Partners....
...“Demand for LNG carriers is so strong that we can’t digest all the orders, because of our limited capacity and manpower,” said a shipbuilding industry executive in South Korea....
...I stick with UK clean energy progress in today’s newsletter, looking at efforts to get carbon capture and storage projects off the ground....
...Myles McCormickAnalysts’ take on it is that fundamentally, whoever the occupant of the Oval Office is has a limited impact on the profit that oil and gas companies make in the near term....
...Tokyo has a much smaller market size, and it’s got a limited number of listed companies compared to some of those peers....
...The rapid growth of the export industry has also provided an outlet for US gas as production breaks records....
...Carl Vine, a portfolio manager at M&G and a Toyota shareholder, thinks the company has “gotten an unfair rap in recent years”....
...“In the US, the Servicemen’s Readjustment Act (the ‘G.I. Bill’) upskilled millions of World War II veterans to address postwar labour needs....
...He added: “I’ve been through it on both sides of the spectrum, I’ve sat from the general counsel side and I’ve seen how companies always struggle in dealing with misconduct issues when they are raised, how...
...Climate litigation “is not coming up in conversations”, says Oswald Clint, an oil and gas analyst at research company Bernstein. Several factors might explain the lack of investor concern....
...“The transition is not limited to just wind, solar and EVs,” he said. Other energy companies are also looking to convert oil refineries for biofuels production....
...“[I]f JetBlue were permitted to gobble up Spirit — at least as proposed — it would eliminate one of the airline industry’s few primary competitors that provides unique innovation and price discipline,” Young...
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