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...because of “the profound changes in both the US and global natural gas markets”....
...“Eighty per cent of the consumption of hydrocarbons [oil and gas] by 2050 is going to be in the Global South. Today it is 40 per cent in the Global North and 60 per cent in the Global South....
...of the US gas export industry....
...If Opec+ decides not to release supplies, “we will see a level of tightness in the market that will be very constraining to the market, and high prices will have to go and help destroy demand to solve that...
...But Equinor is still first and foremost an oil and gas company....
...In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president....
...Richard Holtum, head of gas, power and renewables at Trafigura, said his team “uploads several billion discrete bits of data into the cloud” every day....
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
...“Earnings results for the oil majors were weaker on a combination of lower gas prices and downstream turnarounds....
...Chevron’s first-quarter earnings beat analysts’ expectations but were lower than a year ago due to lower international natural gas prices and reduced margins in its refinery business....
...Oil and gas executives were the most likely to share this view....
...“It’s clear that in the energy and the oil and gas field, US shareholders are buying the shares and European shareholders are not buying in the same way,” Pouyanné said....
...The oil and gas windfall tax will be extended one year until 2029, Jeremy Hunt has announced....
...Charif Souki, a pioneer of the US liquefied natural gas industry, has been ordered to repay $100mn to his lenders months after he was ousted from his latest venture....
...Oil and natural gas bring in about 90 per cent of Azerbaijan’s export revenues and finance about 60 per cent of the government budget, according to International Energy Agency figures....
...The country’s leadership in new oil and gas approvals comes as President Joe Biden faces pressure from environmentalists to take a harder stance on climate while the oil and gas industry accuses the administration...
...Flynn warned that an extension, which would impact Scotland’s oil and gas extraction industry, risked converting Scottish Tories into nationalists....
...Galp already has oil production in Brazil, with a new project starting up at Bacalhau. It has stakes in projects in Mozambique (gas) and offshore São Tomé (near Nigeria)....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...The oil and gas industry has begun taking steps to tackle methane emissions, as the US and other nations move to implement financial and other penalties....
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...Oil is currently below the level seen before last week’s drone and missile attack on the Jewish state by Tehran....
...But our main item today takes us Down Under where our Australia and Pacific correspondent Nic Fildes investigates gas major Santos’ Barossa pipeline project and its crucial role in supplying liquefied natural...
...Three regions produce 61 per cent of the country’s natural gas: Appalachia, the Permian and the Haynesville (mostly east Texas and Louisiana)....
...The EU’s decision to increase imports of LNG and introduce gas-saving measures were “very important” for the EU, she added....
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