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...Wood Mackenzie added that many companies in the oil and gas industry had low levels of borrowing and would be relatively unaffected by higher rates....
...“These oil deliveries constitute a full-frontal assault against the sanctions regime, which is now on the brink of collapse,” said Hugh Griffiths, a former co-ordinator of the UN panel that monitors sanctions...
...Gunvor co-founder Torbjörn Törnqvist said the picture for oil was “quite” constructive and the market was better balanced than most people forecast two months ago....
...Attorney-general Tarek William Saab on Tuesday said El Aissami and his co-conspirators were involved in an illegal scheme to directly manage shipments of crude in avoidance of US sanctions, without sending...
...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....
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...Rising output from vast offshore reserves known as the ‘pre-salt’ fields off its southeastern coast is set to propel Brazil into the top-five oil-producing nations towards the end of the decade, according...
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...We have an exclusive story on Iran’s oil exports reaching a six-year high and giving its economy a $35bn-a-year boost despite sanctions....
...Tarek William Saab, Venezuela’s attorney-general, said on Tuesday that El Aissami and his co-conspirators were involved in a scheme to directly manage shipments of crude as a way of avoiding US sanctions...
...Under the scheme, Trafigura and its co-conspirators agreed to make illicit payments of up to 20 cents per barrel of oil products bought from or sold to Petrobras, and to conceal the bribes via shell companies...
...The watchdog, which closely monitors Europe’s energy market for adverse developments, plays a lead role in co-ordinating national regulatory bodies....
...So how do synthetic gas producers, using still-scarce green hydrogen and captured CO₂, plan to compete with the cheapest commodity fossil fuel? Alverà said they did not have to....
...On Wednesday, it also published a new 2030 target to cut CO₂ emissions by 25 per cent from 2019 levels, and intends to provide shareholders more information about how it will reach its goal of a 50 per cent...
...executive, has been engaged in a multiyear stand-off with lenders over a loan default that has already cost him his luxury Aspen ranch, his yacht and his shares in Tellurian, the floundering LNG developer he co-founded...
...Shares of Chinese companies based in the country’s southeastern Fujian province climbed on Wednesday, after Beijing unveiled details of a plan to make it a zone for “integrated development” with Taiwan....
...Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated deal to create a new market...
...Privately owned Mercuria has not outlined a succession plan for CEO and co-founder Dunand, who is 63 this year....
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...“The federal executive cannot have a long-term vision because the government only lasts six years — you need another mechanism,” said Rosanety Barrios, co-ordinator of energy advisers for Gálvez....
...Despite the boost in decarbonisation funding over the next six years, Adnoc aims to spend $150bn on capital expenditure mainly to expand its oil and gas production capacity over in a five year plan launched...
...Between 1910 and 1934, the German Impressionist painter Max Liebermann depicted the garden of his lakeside summer home in Wannsee, an affluent suburb of Berlin, in more than 200 oil paintings and works on...
...Here’s more on the oil industry’s bonanza....
...“There is no way the US rig count grows after the recent wave of consolidation,” Conrad Gibbins, co-head of the upstream Americas business at Jefferies, told me....
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