Hints and tips:
...By 2017, Fridman and his partners dropped a bid for oilfields in west Texas over concerns US regulators would block the deal....
...During the pandemic, he was forced to lay off about two-thirds of his oilfield services company’s 30-strong staff. Now he has rehired most of those positions — and has ambitious plans for growth....
...Carmakers are frustrated with France’s plan to require public health warnings in advertisements....
...Pay attention to the oilfield services though — the essential grunt workers of the Russian upstream....
...His other firm, Partner Fund Management, which had $6bn of assets at its peak, ranked as one of the biggest hedge funds on the West Coast....
...Bruce Johnson, who runs EnXL, another oilfield services provider in Midland, says environmentalists have taken against the oil sector and refuse to listen....
...Then came last year’s price crash, including the symbolic moment in April when West Texas Intermediate, the country’s benchmark crude contract, traded below zero for the first time....
...Brent crude, the international benchmark, was up 0.1 per cent at $51.80 a barrel, while US marker West Texas Intermediate notched a 0.2 per cent gain to $48.86....
...What they found was the Eagle Ford shale of south Texas, running from around Austin south and west into Mexico....
...Ghana’s state-owned oil company has approached the private equity owners of Kosmos Energy about buying its stake in the west African country’s vast offshore Jubilee oilfield for about $4bn....
...Last Thursday Mr Pickens placed a $2bn order for the first 667 of 2,500 wind turbines that he plans to erect on the Texas Panhandle as he goes about building the world’s biggest wind farm....
International Edition