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...Before then gas was largely considered an unwanted byproduct of oil production and was usually flared on site. The LNG industry has been built on “reliability [and] long-term security” Sawan added....
...“Ultimately what we need to do is to be able to generate long-term value for our shareholders,” Sawan told the FT....
...A post-pandemic rise of 850,000 in the number of people not working due to long-term sickness was economically unsustainable, unaffordable and unfair on taxpayers, the prime minister said — as well as fuelling...
...The oil majors are among a host of European energy groups that have launched arbitration proceedings against Venture Global for withholding supplies promised under long-term contracts and instead selling...
...The Oil and Gas Climate Initiative, which includes Shell, Saudi Aramco and ExxonMobil among its members, told the Financial Times it plans to extend its year-long monitoring campaign, which ended in August...
...Given that the projects should generate stable returns over time, they could be an ideal prospect for long-term investors such as pension funds — another potential source of capital officials are looking...
...But the search for new viable deposits to sustain production in the medium-to-long term has disappointed lately and production is due to peak in 2029, according to Marcelo de Assis at consultancy Wood Mackenzie...
...greater clarity on long-term profits, lifting BP’s forecast earnings guidance for its oil and gas business in 2030....
...More than 40 per cent of executives disagreed that the IRA subsidies were easily accessible and nearly a third did not think the policy had long-term stability to support investment decisions....
...That’s the memo that international oil and gas giants such as Shell and Total are getting....
...“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....
...The West Midlands and Scotland are expected to be particularly impacted by shifts in vehicle manufacturing and offshore oil and gas production....
...Chevron’s woes have put the glare of the spotlight on a company — valued at about $277bn — that has long avoided the brunt of anti-oil criticism hurled at its much larger rival, ExxonMobil....
...said the current process to get proposals excluded from annual meetings was “flawed” and permitted activists with minimal shares to “bring an increasing number of repeat proposals that do nothing to grow long-term...
...All of Ratcliffe’s businesses, including a fleet of tankers that ferry natural gas across the Atlantic, indicate that he is willing to commit large sums of capital to produce long-term returns rather than...
...A majority of the populace still supports him and has trust in him....
...ExxonMobil last month announced plans to acquire US oil producer Pioneer for $60bn, while Chevron has agreed a takeover of Hess for $53bn, in two of the biggest oil and gas deals this century....
...In February 2020, Bernard Looney took over as BP’s chief executive and swiftly unveiled a long-term strategy of reducing oil and gas production while making huge investments in low-carbon energy....
...The US oil major told my FT colleagues in Brussels that “recent developments in Europe have not instilled confidence in long-term, predictable policies”....
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
...It no longer wants to build renewable capacity on the back of long-term electricity contracts....
...It has agreements with US LNG producers for long-term supplies and this week announced a 20-year LNG deal with a project in Mexico....
...Both Shell and Total have plans to slowly cut their dependence on oil production to reduce their corporate emissions to net zero by 2050....
...In particular, they should seek to protect long-term imports of LNG from the US, which is now its biggest supplier, he argued....
...Another crucial factor will be the EU’s appetite to sign up to long-term fossil fuel contracts while it’s aiming to hit net zero emissions by 2050....
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