Jennifer Granholm, U.S. energy secretary, speaks during the 2022 CERAWeek by S&P Global conference … [+] in Houston, Texas, U.S., on Wednesday, March 9, 2022. CERAWeek returned in-person to ...
Tag: Oil and Gas
Biden Leaves Oil And Gas Companies In The Lurch With Expiration Of 5-Year Lease Program
An offshore oil rig in twilight. getty A program intended to enable oil and gas development on the U.S. outer continental shelf (OCS) has expired, leaving domestic energy producers at a loss as to whe...
Daniel Yergin Talks CERAWeek, Energy Security And The Energy Transition
S&P Global Vice Chairman Daniel Yergin listens during CERAWeek, an international energy conference, … [+] in Houston, Texas, on March 6, 2023. (Photo by Mark Felix / AFP) (Photo by MARK FELI...
European companies showing ‘surprise resilience’ — and better value than the U.S.
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — Eur...
SLB Rolls Out Cement Alternative At CERA Week
Cement being poured by a cement truck. getty As the annual CERAWeek conference kicked off Monday morning, international energy service technology company SLB (formerly Schlumberger) made news with an ...
Is The ESG Colossus Stumbling?
Vintage illustration of Colossus of Rhodes one of the Seven Wonders of the Ancient World. The … [+] Colossus of Rhodes was a statue of the Greek sun-god Helios, erected in the city of Rhodes, on...
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Ima...
U.K.’s FTSE 100 scaling fresh highs despite cost of living crisis
The sun rises over the city on Feb. 6, 2023 in London, United Kingdom. Leon Neal | Getty Images News | Getty Images LONDON — The U.K. is facing the weakest growth prospects in the G-7 and a catalogue ...
Shell board of directors sued by investors over climate strategy
Shell recently reported its highest-ever annual profit of nearly $40 billion. Paul Ellis | Afp | Getty Images Shell‘s directors are being personally sued for allegedly failing to adequately mana...
Biden moves toward approval for Alaska oil drilling project
Alaskan oil extraction site. Lowell Georgia | Getty Images President Joe Biden’s administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope ...
What If Both Sides Of The ESG Debate Are Right About US Majors’ Oil And Gas Investments, But For The Wrong Reasons?
My hypothesis is that US majors underinvest both in renewables and in oil and gas needed to get us through the energy transition. Perhaps, the right question, addressed to both the anti and pro ESG wi...
Ukraine’s energy giant Naftogaz will be out of default soon: CEO
The CEO of Ukrainian state energy giant Naftogaz said the company is working toward resolving its debt default problems quickly. Yuriy Vitrenko told CNBC’s Hadley Gamble at the World Economic Fo...
Why inflation hit these 10 items hardest in 2022
David Paul Morris/Bloomberg via Getty Images Inflation popped in 2022 to a level unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among foo...
SLB’s New Name Comes At An Inflection Point For Digital And Decarbonization
SLB Company Logo SLB For any company, a change in name presents a risk of brand recognition loss, at least in the short term. That would seem to be especially true for a company that has operated unde...
What’s in the historic Inflation Reduction Act
U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signe...
A Beautiful Future Emerges From An Ugly Past
Three years ago, I wrote an article about the state of valuations for Appalachian gas companies. I used imagery from Sergio Leone’s classic: The Good, The Bad, and The Ugly as a theme. At the time, ba...
ExxonMobil Sues Europe Over Whether Its New ‘Windfall Profits’ Tax Is Really A Tax
Brussels, BELGIUM: A view of the Berlaymont building, headquarters of the European Union Commission. … [+] AFP PHOTO / DOMINIQUE FAGET (Photo credit should read DOMINIQUE FAGET/AFP via Getty Ima...
We Need Growth, Not A Recession
Generations Y and Z, your time has come to step up to the plate and take responsibility for the biggest growth opportunity in human history. Unfortunately, it starts with facing global challenges that...
Europe’s power crisis has ‘very little to do with Putin’: CEO
This image, from Sept, 2022, shows a liquefied natural gas tanker arriving at a port in the Netherlands. Siese Veenstra | AFP | Getty Images The power crisis gripping Europe has little to do with Vlad...
Dimon Highlights Need For More Oil And Gas Investment As Vanguard Bails On ESG Group
UNITED STATES – SEPTEMBER 22: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate … [+] Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nat...
UK’s approval of new coal mine criticized as ‘deeply damaging mistake’
This image, taken in March 2021, shows the site where the new facility would be developed. Christopher Furlong | Getty Images News | Getty Images LONDON — Plans for a deep coal mine in the northwest o...
Energy partnership between U.S., Britain aims to ramp up LNG supplies
Rishi Sunak and Joe Biden photographed on the sidelines of the G20 Summit in Indonesia on Nov. 16, 2022. Saul Loeb | AFP | Getty Images LONDON — The U.K. and U.S. are forming a new energy partnership ...
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for financial markets, Standard Chartered outlin...
Renewables to be main source of electricity generation by 2025: IEA
Wind turbines in the Netherlands. A report from the International Energy Agency “expects renewables to become the primary energy source for electricity generation globally in the next three year...
Double-digit percentage drop will hit stocks in 2023: Morgan Stanley
Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has a S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unlea...
Energy markets facing ‘one or two years of extreme volatility’: CEO
This image, from March 2022, shows wind turbines and gas storage facilities in Germany. Europe’s energy markets have experienced turbulence in recent months. Jan Woitas | Picture Alliance | Gett...
A big new Exxon Mobil climate deal that got assist from Joe Biden
Could it be that Big Oil’s next big thing got a big assist from Joe Biden? Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil’s first-of-its-kind deal to extract, t...
Steve Mnuchin says G-7 Russian oil price cap ‘most ridiculous idea’
Former US secretary of the treasury Steven Mnuchin on a panel at the Future Investment Initiative in Saudi Arabia in October 2022. Mnuchin this week criticized the G-7’s plan for a cap on Fayez ...
Active managers see boost from the energy trade
This may be the year for active managers investing heavily in the energy space — and commodity trading advisors, known as CTAs, appear to be among the winners. Dynamic Beta Investments’ Andrew B...
What The Mid-Term Elections Mean For U.S. Energy
WASHINGTON, DC, UNITED STATES – NOVEMBER 09: President Joe Biden answers questions from reporters at … [+] a post-election press conference at the White House on November 9th, 2022. (Photo...
Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was a...