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...Texas, the leading US oil-producing state, has declared Climate Action 100+ to be anti-oil and blocked financial companies, including BlackRock, from doing business with the government....
...Pennsylvania is the US’s second-largest shale gas-producing state after Texas, accounting for about a fifth of the country’s total output....
...Texas is only to launch its new corporate law court this year. Tesla insisted its advisers’ analysis suggested that there would be no discount applied to a company in an untested legal environment....
...The prolific Permian Basin shale of Texas and New Mexico pumps more oil than Kuwait, Iraq or the UAE, three of Opec’s powerhouses....
...Amundi had largely focused on Europe and Asia, leaving the US to larger rivals such as BlackRock and Vanguard....
...There is so much natural gas in west Texas that prices in March turned negative....
...Rising tensions in the Middle East probably also supported prices, along with reports that Mexico’s state-controlled oil company Pemex would limit exports....
...Monday after Israel said it had withdrawn its troops from Khan Younis in southern Gaza, easing fears that the conflict would escalate, Brent is up about 16 per cent this year, while the US benchmark West Texas...
...Another subsea gusher could also prompt deal talks in the oil sector. Shares in Portuguese company Galp are up a quarter this week after it reported a huge oil find offshore of Namibia....
...A report released by Carbon Tracker yesterday found the largest oil and gas companies were “way off track” from their Paris climate targets....
...On Monday a Texas judge rejected the claim and said that Souki and his guarantors still owed “at least” $100mn to the secured parties....
...Brent crude, the international benchmark, rose 1.3 per cent to $90.96 a barrel while West Texas Intermediate, its US counterpart, added 1.6 per cent to $86.36 a barrel....
...He convinced a Houston jury that his client Pennzoil had been cheated after Texaco (by then a New York company) had “tortiously interfered” in Pennzoil’s signed deal to buy rival Getty Oil....
...West Texas Intermediate crude settled at $78 a barrel on Tuesday....
...The combined company will produce 816,000 barrels of oil equivalent a day, making it one of the biggest participants in the US shale energy industry....
...The company is developing a production unit with TotalEnergies in Texas, which stands to benefit from subsidies in the US’s Inflation Reduction Act....
...Jamail had convinced a Houston jury that his client Pennzoil had been cheated after Texaco (by then a New York company) had “tortiously interfered” in Pennzoil’s signed deal to buy rival Getty Oil....
...Hello and welcome back to Energy Source — coming to you from Texas today....
...There is no change to our plans, the suit is continuing,” the Texas-based company said in a statement. Companies rarely go to court to block shareholder motions....
...As a torrent of consolidation washes over the global oil and gas industry, three secretive, family-owned Texas oil companies have been thrust into the spotlight....
...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....
...“It’s one of the industries where we’re seeing oil and gas companies focus because they know demand for plastics is only expected to grow in the long term,” said Kirti Vasta, a research analyst at BloombergNEF...
...The US benchmark, West Texas Intermediate, rose 1.7 per cent to $81.04 a barrel....
...The Midland-based company is acquiring a high-quality asset that will transform it into the third-largest producer in the Permian Basin of West Texas and New Mexico....
...On the same day, two green activist shareholder groups withdrew a climate resolution at Exxon after the oil giant had sued them in a Texas court....
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