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...However, the group announced last year that it would be shifting from pressuring companies on climate disclosures to pushing them to actively reduce greenhouse gas emissions....
...This would include reopening federal land that has been restricted to oil and gas drilling, added Sands....
...“Crude, cracks, global gas are down from record levels a couple years ago, so fair to assume record earnings may not continue,” said Jason Gabelman, analyst at TD Cowen, an investment bank....
...He has previously been a senior investment banker and executive at JPMorgan....
...“Uncertainty of the election outcomes and related policy changes have most oil and gas operators just making minimal investments to maintain production levels,” wrote one executive....
...Michael Alfaro, chief investment officer at Gallo Partners, a hedge fund focused on regulatory and policy matters across the industrials and energy sectors, said there was real reason to speculate that “...
...Those arguing that higher oil prices are ahead often point in evidence to a chronic lack of investment in oil exploration of late....
...gas in that market....
...Khamenei controls the Islamic Revolutionary Guard Corps and has helped transform them into Iran’s most formidable institution....
...“Continuing regulatory challenges” in California will contribute to a non-cash charge of $3.5bn to $4bn, the oil company said, reflecting a write down in the value of its US upstream oil and gas assets,...
...Both companies were hit by writedowns flagged in January relating to paring back investment in California, where regulators have taken a strong line against fossil fuel producers....
...My Financial Times colleagues Harry Dempsey and Chloe Cornish report on the Gulf states’ increasing investment in the resources needed to produce clean energy....
...BlackRock chief executive Larry Fink said in a letter to chief executives in 2020 that “climate risk is investment risk”....
...TXU had been acquired in a record-setting $44bn leveraged buyout in 2007 (a bet on sustained high natural gas prices, which could not have more poorly anticipated the subsequent fracking boom)....
...Two investment banks, Scotiabank and Cowen, downgraded the company’s stock last month....
...The former Macquarie star commodities trader Nick O’Kane has agreed terms to join Mercuria as the Swiss trading house seeks to expand its gas and power business....
...The bone of contention was the balance between investment and capital returns to shareholders....
...Tightening oil markets and a new era of capital discipline have bolstered oil and gas stocks....
...He took charge at the end of a decade-long shale investment boom in the US and soon applied the brakes on spending....
...to ratchet up investment because of temporary increases in oil or gas prices....
...The stance is in contrast to some European energy majors, such as BP and TotalEnergies, which are increasing investments in renewable energy at a faster pace than their US peers....
...It would be downright strange if, faced with the kind of drastic uncertainty about the outlook for oil and gas, everyone opted for identikit strategies....
...Project delays and cost overruns also sapped confidence in the industry and forced several high-profile US companies, such as Centrus Energy Corp and Westinghouse Electric Co, to file for bankruptcy....
...However, one analyst at a London-based investment bank, who asked not to be named, said BP and Shell risked being left behind....
...share in Telefónica in response to Saudi stakebuilding (FT) Turkish brewer to acquire AB InBev stake in Russian joint venture (FT) Norway’s Equinor and German state energy group sign €50bn long-term gas...
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