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...All this fed through to a 44 per cent reduction in cash profits (ex-exploration costs) to $90.6mn....
...“They’ve run into some ramp up issues,” said Ur-Energy Inc chief executive John Cash, which is restarting production at two mines in Wyoming....
...Wood Mackenzie forecasts peak production of 1.5mn b/d of production by 2033 — more than that of many Opec countries....
...“It is fair to assume that virtually every company focused on oil and gas exploration, production and refining is continuously looking to expand its oil and gas activities,” said Hortense Bioy, global director...
...Among the US’s shale exploration and production specialists, analysts said larger remaining companies would look to combine to gain scale and present an attractive target for a supermajor buyout down the...
...Others, however, point to pressures on NAI as a factor behind her exploration of a sale. The company is being looked at by other potential bidders....
...The unsolicited offer for Total’s Canadian oil exploration and production business includes the company’s stakes in two main oil sands projects with a combined production share of 135,000 barrels of bitumen...
...Companies such as Devon Energy, Pioneer Natural Resources and EOG Resources that lead exploration in shale rock regions earned outsized profits last year after energy prices soared in the wake of Russia’...
...A lack of exploration and greenfield development means that the production levels of most gold mining companies are set to decline in the years to come, further fuelling the desire for mergers....
...Shareholders thought this was a pricey means to offset Gold Field’s faltering production growth from 2025....
...A lack of spending on exploration and new projects mean many gold miners are turning to acquisitions to grow future production....
...Soaring gas and oil prices are prompting a new wave of interest in exploration on the UK continental shelf, following years of falling investment....
...However, this will fall to as low as 2.1mn by 2030 without a deal because of a natural decline in production....
...BP said in a statement that while it “will no longer have interests in oil sands production” in Canada it “will shift its focus to future potential offshore growth”....
...The Artemis programme aims to return astronauts to the Moon and establish a long-term lunar colony as a precursor to human exploration of Mars....
...“Positioning ourselves as a private company will allow us to take maximum advantage of our greatest strength — our strong heritage as one of the leading exploration companies in the world,” Hamm wrote to...
...A separate resolution filed with Imperial Oil calls on Canada’s second-biggest integrated oil company to halt all new exploration projects....
...Investors are keeping their eyes on the skies as new space exploration start-ups enter the fray....
...Nintendo Switch hit by chip shortageJapan’s Nintendo has said that production of its popular Switch console could be hit by global chip shortages, following a similar warning from rival Sony last week....
...Pursing older assets marks a significant switch from the old mindset of the $100-oil era, when small exploration and production companies used to pitch high hopes of discoveries in frontier basins as the...
...Japan Inc has domestic support to be more vocal on controversial issues, too....
...“The only question I have is, at some point, it would seem we will run out of inventory — [exploration and production] companies that have not filed bankruptcy yet.”...
...The tracker will follow an MSCI index that excludes companies directly involved in fossil fuel exploration, extraction and production as well as those owning fossil fuel reserves....
...Tesla is looking for a production site for the Cybertruck, its Blade Runner-inspired answer to the Ford F-150, America’s best-selling vehicle for the past 38 years....
...As well as raising its “upstream” exploration and production capacity, the company is investing $45bn in petrochemicals and refinery expansion to reorient the economy and create thousands of jobs....
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