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...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....
...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...
...Rishi Sunak has faced criticism from the Scottish National party ahead of an expected announcement in the Budget that he will extend the windfall tax on oil and gas by a year....
...While expanding oil and gas markets is an unequivocal reason of state for Putin, it is not in Washington....
...But “Europe has a problem of plenty this summer”, said Natasha Fielding, head of European gas pricing at Argus Media, a pricing agency....
...Elsewhere in the US, a combination of warm winter weather and surging production from gas wells has filled up gas storage well above long-term averages....
...The Scottish Conservative leader said he was “deeply disappointed” by the Budget’s one-year extension of the windfall tax on the oil and gas industry....
...It said China’s oil demand had normalised after a post-Covid spurt and that a mild winter had moderated demand....
...Proponents say SNG could be a drop-in replacement for fossil natural gas....
...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....
...American oil and gas lobby groups have hit back against Joe Biden’s freeze on new permits for LNG infrastructure, lodging a legal filing that urges the Department of Energy to reconsider the suspension....
...Under Labour’s plans, UK oil and gas producers would pay a tax rate of 78 per cent until 2029, compared with 75 per cent now....
...Amin Nasser told a major oil and gas conference in Houston on Monday that forecasts by the International Energy Agency that oil demand would peak by 2030 were not going to be met due to surging demand from...
...The Biden administration has increased the cost of oil and gas drilling on public lands, raising royalty rates for the first time in a century as part of a sweeping crackdown on the industry ahead of November...
...We start with the oil and gas sector that is due to wrap up a bumper earnings season this week....
...Australia’s two largest oil and gas companies have called off merger talks, ending months-long negotiations to create a $52bn liquefied natural gas company....
...“That points to one thing, which is we’re headed towards higher oil prices. It’s not a question of if, it’s a question of when.”...
...methane emissions from oil and gas infrastructure....
...A surge in demand for electricity to feed data centres and to power an artificial intelligence revolution will usher in a golden era for natural gas, producers say....
...So the price was set as a percentage of these oil product prices. If their prices were high, the gas price moved up and Moscow would reap a windfall....
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