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Crude production from the Permian Basin has soared to a record high
Also in today’s newsletter, Tesla faces weakening grip on the EV market despite record revenues
Five western supermajors forecast to earn $150bn in 2023, down by a quarter from record year
US shale pioneer will sell assets acquired in 2018 to Wildfire Energy for $1.4bn
Also in today’s newsletter, has the end of the shale era arrived?
Fracking catapulted America to the top of the energy hierarchy, but low yields and a lack of reinvestment threaten that position
Returns jump thanks to recovery in prices amid Ukraine war and stingier capital spending
Head of Pioneer hits back at White House claims that companies are ‘un-American’ for opposing output increases
Plus, why 2023 will be all about China
Amos Hochstein’s comments come as US tries to stem Russia’s oil income while restraining petrol prices
Founder of Continental Resources says Biden administration wants to put American industry ‘out of business’
Europe’s efforts to wean itself off Russian oil and gas are being slowed by constrained supplies of renewable energy components and a lack of storage technology, but modular nuclear reactors and electricity grid balancing offer a way forward
Opinions among analysts are divided
British company’s US boss Dave Lawler says Inflation Reduction Act has put oil major’s green plans on ‘steroids’
Approach of winter brings energy security warnings for US region dependent on global LNG market
EQT chief executive Toby Rice claims his fuel helps Europe and the climate, but critics see a ‘false reality’
UK PM looks at extending windfall tax to solar and wind farm companies
World is approaching a ‘pivotal moment’ and ‘golden age of gas’ is coming to an end
Negative values in Permian Basin come as Europe contends with sky-high cost of fuel
Plus, China continues snapping up cheap Russian oil
Departing cabinet minister fiercely critical of PM while chaos engulfs Tories over fracking bill
Billionaire cites ‘freedom to explore’ after transaction valuing US producer at $27bn
Plus, the White House contemplates a ban on fuel exports
Venture Global’s expanded 20-year contract a sign of revived LNG market as buyers avoid Russia
Hedge fund increases stake in British company after previous scepticism of extraction method
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