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...Only a relatively small proportion of facilitated emissions from the oil and gas sector is likely to end up on HSBC’s books....
...In correspondence seen by the Financial Times, the oil majors accuse the US LNG provider of “misconduct” for withholding cargo agreed under long-term supply contracts and instead selling LNG on the spot...
...innovation officer Leigh-Ann Russell is leaving for an external job after 18 years at BP, while Anja-Isabel Dotzenrath, who joined in 2022 to head BP’s gas and low-carbon business, will retire, the FTSE 100 oil...
...Companies: Updates are expected from Tullow Oil and JD Wetherspoon....
...The hedge fund argues that BP’s return on investment in renewable energy is far below what it can achieve from oil and gas....
...Enter Barclays, one of Europe’s biggest lenders to the oil and gas sector....
...His total pay was 199 times that of the median Exxon employee and the largest since he took the helm of the oil major in 2017....
...There has been a wave of M&A activity in the oil patch, led by consolidation among large US drillers who almost exclusively are using stock to finance acquisitions....
...Separately, Shell is suing Greenpeace for targeting its oil and gas assets, in what Greenpeace says is “one of the biggest legal threats” it has faced....
...They are hardly alone in providing financial services to Amazon oil producers....
...The former head of Shell, Ben van Beurden, told the Financial Times this month that the oil major was “massively undervalued” in London and could benefit from listing in the US....
...The oil major has made progress on its 2030 targets and introduced a new pledge to cut emissions from oil products. And, of course, many SBTi laggards say they remain committed to the cause....
...But he told the Financial Times on Tuesday that US-listed oil companies benefited from a deeper pool of capital, higher valuations and “more positive” attitudes from investors....
Appointment is first big board shake-up since departure of ex-CEO Bernard Looney
...The changes reflect chief executive Wael Sawan’s plans to keep oil production flat and expand sales of liquefied natural gas while being more selective about the types of low-carbon energy products it sells...
...The spat between Venture Global of the US, which the oil groups accuse of refusing to honour multibillion-dollar supply contracts, has caused a major disruption in the market for the super chilled fuel....
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...“A bit tougher on [refined] oil products because most of the flows typically go from east to west, so that gets impacted.”...
...Demand has been sluggish for oil....
...Despite state-led production cuts, which reduced Saudi Aramco’s oil production about 7 per cent year-on-year, the state-owned company was able to juice its total annual dividend by 30 per cent to a whopping...
...BP is the only group committed to cut oil and gas production in the sector, meaning it will produce about 2mn barrels of oil equivalent a day at the end of the decade....
...It spent $1.6bn on oil. Still, oil majors globally have jumped into the biofuels space....
...He joined the US oil company Amoco in 1992, becoming the fourth generation of his family to work in energy....
...People with knowledge of the process said Lund, a former oil and gas chief executive at BG Group and Equinor, had always favoured promoting someone from within the business....
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