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...The Biden administration defended the LNG pause this week in a letter to the American Petroleum Institute, a Big Oil lobby group that has campaigned against it, saying the approvals process needed updating...
...A moratorium on new funding from oil and gas companies had been formally adopted, lasting until the process for accepting donations is reviewed, the university confirmed to the Financial Times....
...Banks, oil and gas majors and chemicals companies will all soon be able to submit their long-term net zero emissions targets for approval by the SBTi, under guidance the group plans to release in coming...
...The final price of the shares will be determined after the bookbuilding process is complete, the company said....
...How it works The companies plan to make synthetic natural gas by combining captured carbon dioxide with green hydrogen to produce a so-called carbon-neutral fuel that can be distributed to consumers through...
...Analysts said a fall in natural gas prices, a crucial fuel for many European consumers, had also contributed to better than expected economic performance....
...We start with the oil and gas sector that is due to wrap up a bumper earnings season this week....
...Other industry groups condemned Biden’s move — not only oil and gas producers but also the American Gas Association, a trade group for utilities that deliver fuel to end consumers....
...It said it needed to act to prevent consumers from having to rely on foreign supplies and safeguard their energy security....
...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....
...Some Biden officials were now pushing for a significant review of the approval process, arguing that there was a better understanding of the environmental impact caused by infrastructure leaks and emissions...
...Lower gas prices have implications for the energy transition, potentially keeping consumers hooked on the fuel for longer....
...Last year, the IEA predicted demand for oil and gas would peak before the end of the decade, a forecast that has been disputed by the Opec+ producers group and by many oil majors, who do not expect demand...
...It is less good news for consumers, who are likely to find themselves on the receiving end of higher prices over the coming years....
...“Natural gas is needed to process sugar beets into sugar, and so the cost of production went through the roof.”...
...The parties were still interested in a transaction but the process would remain suspended “until such time as discussions resume or the process is terminated”, NewMed said....
...Superdry said: “Unless the restructuring plan comes into effect, it will need to enter administration and other companies in the group will need to enter into administration or an equivalent insolvency process...
...One of the lessons from the 2022 energy crisis, Descalzi said, was that when gas prices surged, consumers did not have the option of opting for renewable energy, which is not yet available with enough abundance...
...The outlook for UK inflation has improved recently, thanks in part to falling gas prices....
...It will do nothing to tackle energy security, lower prices for consumers, or create new jobs.”...
...The party fears losing votes to far-right groups and has evidently taken notes from Italian Prime Minister Giorgia Meloni, who plans to process asylum seekers in Albania....
...In contrast, all heating engineers must be on the Gas Safe Register even to touch a gas boiler....
...It is now in the process of completing the integration of the brand....
...The political backdrop for the US natural gas sector, which has been criticised by environmental groups, is also in flux....
...“Often with gas developments, you have to wait for customers and markets. There are existing consumers [in Zimbabwe] who are paying hard cash to import electricity,” he added....
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