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...because of “the profound changes in both the US and global natural gas markets”....
...Turkey relies heavily on natural gas for power generation and industry. Households also benefit from large and costly gas subsidies through state gas company Botaş....
...In 2014, the company recruited Magid Shenouda, a former co-head of commodities at Goldman Sachs. Shenouda was previously tipped as a possible successor to Dunand and Jaeggi....
...The gold fields were among a steady stream of South African asset sales, but the company remains a sprawling international business spanning coveted copper mines in Peru and Chile....
...But sharp falls in natural gas prices and reduced oil refinery margins dented their earnings in the first three months of the year, causing both companies’ shares to dip in early trading....
...He also defended his successor’s decision to downgrade some of the company’s energy transition targets this year, saying the world had changed since he set the goals almost a decade ago and Sawan was right...
...ships, bulk carriers and tankers, as well as liquefied petroleum gas and liquefied natural gas carriers, according to data compiled by consulting firm Reddal....
...The 2022 invasion of Ukraine did feed into energy and equity markets. Liquid natural gas prices rose 300 per cent, but they are now back down at pre-invasion levels....
...“There was a big shift against natural gas, of course, when the price was very high, and it was seen as unreliable....
...One of the significant suppliers of LNG to Asia is Australia, whose vast gas deposits are fed into countries including Japan and South Korea, driving strong economic ties between the two regions....
...Nitrogen fertilisers, which are important to plant growth, are made using natural gas and Russia is exporting more of it to Europe, replacing some of the gas banned by the EU, said Svein Tore Holsether,...
...O’Kane, who was one of the highest-paid bankers in the world last year, has reached a preliminary agreement to join Mercuria in a senior leadership role to initially help the company grow its gas and power...
...In his Budget on Wednesday, Hunt announced an extension of the Energy Profits Levy on oil and gas companies by 12 months despite opposition from Scottish Conservatives....
...The sale will be a key test of investor appetite for gas infrastructure as Britain tries to reduce its use of natural gas as part of its efforts to reach net zero carbon emissions by 2050....
...Lawyers from British firm Clifford Chance will argue that the ruling compelling the oil and gas company to slash its emissions by 45 per cent by 2030, relative to 2019, had no legal basis and overstepped...
...“Pipeline materials and construction costs became considerably more expensive because the Ukraine war happened and global gas exploration increased to be independent from Russian gas,” he said....
...“The environment right now is very positive for the oil and gas industry,” Alan Armstrong, chief executive of Williams, the biggest US gas pipeline company, told the Financial Times....
...The Singapore-registered company is one of a handful of privately held firms that help form the backbone of the global economy, moving everything from oil and gas to metals and power around the world....
...China was likely to dominate LNG demand growth this decade, while over the following decade, south Asia and south-east Asia would drive sales as they increasingly needed fuel to power their gas-fired power...
...Pemex, once a major cash cow for Mexico’s government, now has the highest level of debt of any oil company due to years of under-investment, corruption and lack of reforms....
...In Europe, having significantly reduced dependence on Russian gas — a chunk of which is still provided by Total’s stake in the Yamal liquefied natural gas project led by Russia’s Novatek — leaders needed...
...Almost half of Mexico’s energy mix comes from natural gas, with about 70 per cent of that demand met by the US....
...The annual gathering of the biggest names in the oil and gas industry kicked off on Monday with ExxonMobil and Saudi Aramco delivering bullish forecasts for fossil fuel demand and questioning the pace of...
...of its oil and gas exploration assets....
...The bulk of Glencore’s emissions are classed as “scope 3” — arising from its customers’ use of commodities such as coal, oil and natural gas that it produces and trades....
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