After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.
Category: Natural Gas
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An American Energy Giant Sees Israel as a Springboard to Europe
Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.
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At G7 Summit, Leaders Wrangle on Coal, Natural Gas and Climate
The U.S. finds itself caught between defending President Biden’s climate change agenda and aiding allies intent on increasing their access to fossil fuels.
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Why Some Countries Find It Hard to Move Away From Fossil Fuels
Trinidad and Tobago is the No. 2 exporter of liquefied natural gas in the Americas. Its output has been falling, but it remains committed to fossil fuels.
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Climate Change Brings Warmer, Wetter Weather to Trinidad
Even as the leaders of Trinidad and Tobago double down on fossil fuels, climate change is bringing more extreme weather to the island nation.
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Russia’s Gas Exports Are Expected to Slide in 2023
Once Europe’s mainstay source of natural gas, Russia’s pipeline exports this year are now likely to be half of last year’s total, analysts and the Russian media say.
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As Oil Companies Stay Lean, Workers Move to Renewable Energy
The New York Times – Business:Solar, wind, geothermal, battery and other alternative-energy businesses are adding workers from fossil fuel companies, where employment has fallen.
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BASF to Cut 2,600 Jobs After a Year of High Energy Costs
The New York Times – Business:The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.
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Europe Has Weathered an Energy Crisis, for Now
The New York Times – Business:Worries about gas and oil supplies have greatly eased. But reverberations from the war in Ukraine continue to cloud longer-term forecasts.
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European Natural Gas Price Falls to Lowest Level Since 2021
The New York Times – Business:Europe may have avoided the worst-case economic scenario envisioned after the invasion of Ukraine, thanks to a dramatic drop in energy prices.