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...There is so much natural gas in west Texas that prices in March turned negative....
...The US accounts for about 20 per cent of global demand, driven by the country’s reliance on big, gas-guzzling vehicles....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...“ESG efforts have targeted Texas’ oil and gas economy,” said Aaron Kinsey, chair of the state board of education....
...Chesapeake produced 3.4bn cubic feet of gas a day in the third quarter of 2023, according to S&P Capital IQ; Southwestern produced 4bn cu ft/d....
...West Texas Intermediate, the US marker, rose 2.6 per cent....
...Some local activists in Louisiana and Texas are also protesting against LNG expansion....
...West Texas Intermediate, the US crude benchmark, averaged about $80 a barrel during Biden’s first three years compared with $58/b in Trump’s....
...Fewer recruits would also slow development of technologies such as carbon capture and storage, which requires employees with similar skills, according to Katy Heidenreich, supply chain and people director...
...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....
...West Texas Intermediate, the US marker, rallied from similar weakness to end flat at $85.64 per barrel....
...Yet the president has encouraged gas exports to support European allies....
...BlackRock is the only US company blacklisted in Texas for allegedly shunning oil and gas companies with sustainable investing....
...“[Guyana] was one of the most successful deepwater developments in the history of the industry....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...Yet the mood in the Middle East, a critical global supplier of oil and gas, remains grim....
...Since 1990, missing the 30 best days of the S&P 500 cuts your compound returns in half....
...For example, investors in 2023 filed shareholder proposals at the six biggest US banks to phase out new fossil fuel development....
...late to serious adverse developments”....
...The US Department of Energy said on Friday that it had chosen two “direct air capture” hub developments in Texas and Louisiana as recipients for the funding, one of which is being built by oil company Occidental...
...Need to know: UK and Europe economy The UK’s household energy price cap will fall 12 per cent in April to £1,690 a year, following a drop in wholesale gas and electricity prices....
...Much of the production growth has focused on the sprawling Permian Basin, which stretches across Texas and New Mexico....
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
...Analysts estimate Chevron will bring in net income of about $25bn for 2023, according to S&P Global Market Intelligence....
...At 12 times next year’s earnings, on S&P Capital IQ estimates, its stock trades at a nice premium of 33 per cent to Pioneer’s....
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