Hints and tips:
...“The defendants kept the profits obtained from operating the oil and gas wells while jettisoning the liabilities, leaving Colorado plaintiffs with unplugged, dangerous wells and simultaneously saddling taxpayers...
...ExxonMobil is suing Follow This, a small Amsterdam-based investor activist group, and Arjuna Capital, a registered investment adviser, over a shareholder proposal calling on the oil and gas group to cut...
...Mercury LLC, a company operating in the Syrian oil sector and sanctioned by the EU in 2021, generated sales of $67mn in the three years before the designation but declared zero revenues afterwards....
...Apollo has recent history in taking a run at publicly traded UK companies, although it has had limited success in getting deals done....
...and gas companies could have “under-appreciated” exposure: While the bar chart on the right looks bad for the oil and gas industry, remember it reflects only number of facilities where PFAS are used, not...
...Barrack at Citadel said he expected natural gas prices to remain under pressure, but with oil probably rising in the second half of the year....
...Chevron yesterday said it would buy PDC Energy, a Colorado-focused shale driller, for $7.6bn in the latest sign that the US oil industry could see a wave of deals....
...It would also have a “limited” cash impact on the quarter given the expected timing of payments, the company said....
...As Andurand says, “there’s no story at all for natural gas right now”. Secondly, oil is a very different story. Prices could surge to $140....
...Since then, Europe has banned oil imports by sea, and the whole coalition only allows its companies to ship and service sales of crude and oil products anywhere if they take place below a price cap....
...Oil prices were up a bit yesterday, with Brent settling 1 per cent higher at $94.10 a barrel....
...Meanwhile in Oslo, Norway’s $1.4tn oil fund sides with climate activists against ExxonMobil and Chevron, introducing targets for cutting greenhouse gas emissions....
...And we would be seeing something similar inside the dollar system for oil sales and any non-euro gas sales (such as liquefied natural gas contracts)....
...Plans to build or expand oil, gas or coal projects are already under way in 48 out of 55 African countries, according to a report out today from environmental non-profits including Urgewald and Oil Change...
...Oil analysts said the supply release was designed to send a signal of action on petrol prices but would have a limited impact on global oil market balances....
...Griffin drew a distinction between the US and Europe, which he believes could already be in a recession because of high gas prices....
...Activities include off-grid gas marketing, sales of heating oil and biodiesel, distribution of consumer electronics, and the manufacture of medical products....
...The choice of the UAE as host is wildly controversial, particularly since the head of its national oil company has been appointed as the conference president....
...A limited volume of gas could be rerouted to places such as central Asia or Turkey, but Russia would probably put some gas output in storage....
...A recent poll by Emerson College found that nearly 40 per cent of Americans blame the Biden administration for the price of fuel — more than double the proportion that blame oil and gas companies....
...“I would not expect [an embargo on crude oil and oil products] to shift the price of gasoline,” said Zachary Rogers, a director at Rapidan, the Colorado-based energy consultancy....
...“These prices are straining our constituents’ budgets and their patience,” said Diana DeGette, a Democratic representative from Colorado, adding that oil companies “are making record profits”....
...More than three-quarters of its loans in Russia are to companies, almost all of which are large multinationals in oil and gas, transport, metals, chemicals and finance....
...Colorado is endlessly fascinating to energy watchers. It is a state with huge fossil fuel reserves and a dependence on coal power and oil and gas production....
...Rob JenningsThere’s people setting up limited liability companies, hiring lawyers, probably some accountants....
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