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...“It means less US produced natural gas is available to replace coal around the world — that’s clearly a bad thing,” she told the Financial Times....
...Chevron’s proposed deal would hand it control of 30 per cent of the Stabroek Block, one of the largest offshore oil discoveries in decades. Exxon owns 45 per cent of the oil block off Guyana’s coast....
...“It would be irresponsible to allow 30 per cent of a world-class operation we helped build be turned over to a third party without at least considering the exercise of our contractual rights,” the company...
...But the world’s largest private equity group is becoming a force in the banking industry by buying assets from lenders looking to cut risk and lighten their own balance sheets....
...Even as the two companies are fierce competitors and juxtaposed by Wall Street, they co-operate and partner around the world....
...We’re a partner in a lot of projects around the world already today. And we work very collaboratively together,” Woods said. Chevron did not immediately respond to a request for comment....
...This newfound self-sufficiency has reduced the impact of external events on the world’s dominant stock market (US equities now represent 64 per cent of the MSCI AC World benchmark)....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Those arguing that higher oil prices are ahead often point in evidence to a chronic lack of investment in oil exploration of late....
...“Shale has redrawn the map of world oil in a way most people don’t seem to understand,” said Daniel Yergin, vice-chair of S&P Global and a Pulitzer Prize-winning energy historian....
...of a stake in a Guyana oil project that is central to the deal....
...Oil companies across the world have reported bumper profits over the past two years as Russia’s full-scale invasion of Ukraine drove a surge in the price of crude....
...The US leads the world in approvals of new oil and gas reserves in the past two years, with ConocoPhillips’ controversial Willow project in Alaska marking the largest approved project in the country, according...
...“We continue to see a direct threat to regional oil supplies in an expanded war scenario.”...
...Smart read Developing nation governments have criticised rich-world counterparts for advocating free trade while pursuing protectionist policies, often under a green banner....
...Northern Virginia’s “data centre alley” is home to the world’s largest concentration of internet servers....
...Iran’s economy is predominantly state run and reliant on crude oil revenues....
...In addition to the drone strikes overnight, two armed militia units based in Ukraine and backed by Kyiv — the Russian Volunteer Corps and Free Russia Legion — made incursions from Ukraine into the Belgorod...
...Both companies have come under fire for ramping up fossil fuel production in the face of warnings that the world needs to cut emissions to contain the worst effects of climate change....
...The world’s capacity to supply China with oil, metals and agricultural goods could not match its needs. Now, however, China’s economy has changed....
...His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity....
...That left Chevron well positioned when oil prices jumped following Russia’s full-scale invasion of Ukraine in 2022....
...In September the state sued several of the world’s biggest oil companies, including Chevron, alleging they deceived the public for decades about how the burning of fossil fuels is destroying the planet....
...The threat of Iran disrupting oil flows through the Strait of Hormuz, where roughly 20 per cent of the world’s seaborne oil passes through, is also unlikely given Iran also uses this channel to ship crude...
...It said that the additional oil from the US, Brazil, Guyana and Canada alone, which have seen record production levels, “could come close to meeting world oil demand growth for this year and next”....
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