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...It hopes China can replace Europe as the biggest export market for its gas. Europe used to buy more than 150 bcm of Russian gas a year, but flows have dwindled since the February 2022 invasion....
...of the US gas export industry....
...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....
...Shell has weakened some of its climate targets to accommodate plans to keep growing its giant gas business, ditching a 2035 greenhouse gas emissions reduction target even as it maintained a net zero goal...
...“As we enter the global era of natural gas, it is imperative for US natural gas companies to evolve their business models to compete on the global stage,” Rice said....
...“If this election turns into a referendum on Trump, as opposed to a referendum on Biden? I think it’s going to be a very big factor,” said Kerbel....
...Arctic LNG 2, in the Gydan peninsula of northern Siberia, serves the Asian and European markets....
...Some big US stocks with significant business exposure to China or Taiwan, most notably Nvidia, have forged ahead....
...Imagine if residents of areas near energy installations in Britain, Germany or the US got the opportunity to volunteer as trained eyes....
...“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....
...Now, as those companies are absorbed by larger public rivals, the potential for surges has faded once more....
...The deal is the latest in a series of large-scale merger and acquisition activity in the US shale patch as companies look to snap up the best remaining drilling acreage....
...The US’s seven operating terminals can produce as much as 87mn tonnes of LNG a year — enough to satisfy the combined gas needs of Germany and France — and five more projects already approved and under construction...
...Potanin’s complaints about the cost of sanctions reflect wider concerns in Moscow about US pressure on banks doing business with Russia, said Alexandra Prokopenko, a former central bank official....
...Northern Gas Networks said in its accounts in August that the “most likely scenario” for the company is an overall 46 per cent fall in gas transported through its network by 2050....
...Fossielvrij NL, a group that campaigned for PFZW to divest, said the action showed the pension fund “recognises that fossil fuel companies such as Shell and BP will not move away from their core business...
...The company said that the ice cream division, home to brands including Wall’s, Magnum and Ben & Jerry’s, would fare better as a standalone business....
...Despite Exxon’s history of doing business in Equatorial Guinea for almost three decades, the company decided to cut its losses altogether after a safety incident in 2022 decimated its output....
...These consumption reductions have mostly remained in place even as energy prices have fallen this year....
...While the biggest oil and gas companies, particularly in Europe, are investing in greener products such as biofuels and renewables to lower their emissions, the energy crisis sparked by resurgent demand...
...Meanwhile, the hot news among energy traders yesterday was that the respected head of Shell’s giant liquefied natural gas trading business, Steve Hill, is leaving the business after eight years....
...A report released by Carbon Tracker yesterday found the largest oil and gas companies were “way off track” from their Paris climate targets....
...That Chinese financial institutions appear increasingly wary of doing business with Russian companies highlights rising concerns in China about the risk of falling foul of US secondary sanctions....
...The company was originally founded in China, and relies on factories in the country to produce the cheap goods that underpin its fast-growing business....
...“We have shown you can actually build a substantial oil and gas business and return money to shareholders because our sector has been horrible at delivering results,” Rigas said....
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