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...Turkey has also been launching its own exploration and production operations, including a large gas site in the Black Sea and oil drilling in the country’s south-east....
...Jaber — who is also head of the Abu Dhabi National Oil Company (Adnoc) — said he will invite chief executives from Silicon Valley and Big Oil for a “Change Makers Majlis”, or special gathering, at the start...
...cap, while using western-based insurance services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
...western pressure....
...The International Energy Agency has said there was no room for new oil and gas exploration projects if Paris climate targets were to be met....
...Expect further oil discoveries. Galp should know Namibia, having drilled in those waters for more than a decade. Its find proves that despite rumours to the contrary, oil exploration is not dead yet....
...It is unpopular with environmentalists who argue that CCS enables oil companies to keep drilling....
...activist investors and protesters questioning the basis of its emissions calculations, and how it had any hope of meeting its “aspiration” to hit net zero by 2050 when it was still investing in new gas exploration...
...Those arguing that higher oil prices are ahead often point in evidence to a chronic lack of investment in oil exploration of late....
...What is striking is that shares in US-listed gas-focused exploration and production companies have performed surprisingly well year to date....
...An influential International Energy Agency report, released after the time limit for evidence to be submitted for the original case, has said there would be no room for new oil and gas exploration projects...
...And even then, western oil companies, such as Shell and BP, have withdrawn from the region after investing billions of dollars. And it isn't only profit margins at stake....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...Today’s newsletter looks at a report from the Global Energy Monitor showing new oil and gas exploration and development are continuing despite warnings from the global energy watchdog that they’re not needed...
...BP will form a joint venture in Egypt with the Abu Dhabi National Oil Company as the UK oil major looks to expand its international gas portfolio....
...Big share price moves in Europe today include Portuguese oil exploration company Galp, Dutch lender ABN Amro and Swiss pharma group Sandoz: Galp Energia: Shares soared 19 per cent a day after it reported...
...“One issue that will have to be faced is the issue of limits, a ceiling for oil exploration....
...But Baker Hughes and Halliburton, the second- and third-biggest western oil services companies, announced plans to pull out later that year after the US imposed sanctions....
...Next, she recounts a violent memory the woman disclosed to her in which a bullfighter ordered the woman’s mother to drink castor oil to induce labour, then killed the newborn baby....
...That adherence to strict exploration plans suggests the US shale energy industry will shift further away from its role as a swing supplier, able to quickly turn up the production dial to douse price rises...
...The oil and gas sector has also been hit, with only three new licences for exploration granted since the beginning of the year. Crude oil is Brazil’s second largest export in dollar terms....
...“The administration is unlikely to change their stance on oil sanctions . . . just due to the election season coming up and higher oil prices already,” said Hunter Kornfeind, oil market analyst at Rapidan...
...The rich Nordic country is western Europe’s biggest petroleum producer but likes to tout its green credentials too....
...deficit amid subdued oil prices....
...Any extraction would take place only with parliamentary approval, similar to the country’s regime for oil and gas....
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