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...The European energy major, the biggest shipper of LNG after state-owned Qatar Energy, has bet heavily on demand for the gas, which it expects to continue to grow even if consumption of other fossil fuels...
...Fossil fuel projects received $33.5bn a year on average compared with $4.7bn for clean energy development, it found....
...Charts are conservative on purpose; the Corps of Engineers report says that the channel is dredged to a depth of 45 feet....
...And the actor, naturally, was the United States of America....
...Business is business,” the Exxon chief executive told the Financial Times on the sidelines of the CERAWeek energy conference in Houston on Monday....
...“Some models have been delayed, largely out of North America, which is pushing out the length of time of penetration [of EVs] in the US,” said Norris, adding that “potentially in parts of Europe” the shift...
...The mood stands in stark contrast with the alarms being raised outside of the Hilton Americas Hotel....
US’s biggest supermajor and China’s Cnooc highlight right of first refusal in Guyana project stake central to acquisition
...The top US energy supermajor said on Wednesday that it had filed a case in the International Chamber of Commerce in Paris to assert its right of first refusal over Hess’s stake in the so-called Stabroek...
...Last week, the House’s bipartisan energy and commerce committee passed the bill, and US President Joe Biden had said he would sign the legislation if it passed....
...Other earnings: Oil and gas companies Diamondback Energy — which this month agreed a $26bn deal to buy Endeavor Energy — and Chesapeake Energy report quarterly earnings after the closing bell, but will hold...
...The second, more important, point is that Manulife’s move shows that some players are finally getting more honest about America’s commercial real estate pain. This is welcome — and belated....
...“Nuclear energy has great commercial attributes but it also has huge geopolitical attributes....
...Brent Berg, president and chief executive of Rare Element Resources, a minerals company, will join Uranium Energy Corp, a North American uranium company, as senior vice-president of US operations....
...Core PPI, which excludes volatile food and energy prices, is expected to come in at 0.2 per cent, down from 0.5 per cent in January....
...Sandhya Ganapathy, head of EDP Renewables North America, called the statements by oil and gas executives a “limited” view of the role renewables will play in the future....
...Only 17 per cent of the fund managers polled by Bank of America expect a so-called hard landing — which typically implies a recession — for global growth, the smallest proportion in 19 months....
...Greenfield energy projects are typically expensive, uncertain and lengthy. Bringing in partners is a way to de-risk them....
...Core CPI, which strips out volatile food and energy costs, is expected to fall to 3.8 per cent....
...“Setting a margin penalty would absolutely discourage investments here,” Andy Walz, president of Americas products at Chevron, wrote in a letter to the California Energy Commission dated December 12....
...Other companies: Constellation Energy, JM Smucker, Norwegian Cruise and Macy’s report earnings before the bell. Cava, eBay and Bumble will report after the bell....
...Arnab Datta is the managing director of policy implementation at Employ America, a macroeconomic policy research and advocacy organisation committed to achieving and sustaining full employment....
...PayPal, Coty, News Corp and Mattel will post their earnings after the market closes. Fedspeak: US Federal Reserve governors Adriana Kugler and Michelle Bowman will make separate appearances....
...Diamondback Energy has agreed to buy Endeavor Energy Resources in a $26bn deal, beating ConocoPhillips in a race for one of America’s most sought-after private oil producers....
...Noteworthy deals include First Solar’s $700mn tax credit transfer to Fiserv, and an Invenergy-led $580mn transfer to Bank of America....
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