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Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty

Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Doug Burgum speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Feb. 22.Photographer: Kent Nishimura/Bloomberg By Jennifer A Dlouhy Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and …

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Gas, Power and LNG Trading Profits to Eclipse Oil, McKinsey Says

By Archie Hunter Gas, power and LNG are set to eclipse oil as the biggest driver of commodity trading profits, according to research from McKinsey & Co Inc. “In the last two years they’ve been almost parallel and we definitely see stronger fundamental growth prospects on the power, gas and LNG side going forward,” said …

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IEA Considers Reviving Dropped Energy Scenario After US Backlash

By Grant Smith The International Energy Agency, the west’s energy watchdog, is considering reviving one of its long-term energy demand scenarios after criticism from US Republican leaders. The IEA’s decision in 2020 to exclude the so-called Current Policies Scenario from its reports prompted accusations that the agency was letting its commitment to net zero climate …

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US Natural Gas Prices Fall More Than 5% on Milder Weather Forecasts

(Reuters) – U.S. natural gas futures fell more than 5% on Monday, dragged down by forecasts of milder weather and lower heating demand next week than previously anticipated. Front-month gas futures for March delivery on the New York Mercantile Exchange were down 30 cents, or 7.1%, at $3.93 per million British thermal units (mmBtu) at …

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Chevron Announces Senior Leadership Changes

HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) today announced senior leadership changes as part of the company’s efforts to simplify its organizational structure, execute faster and more effectively, and be positioned for stronger long-term competitiveness. The company’s Oil, Products & Gas organization will be consolidated into two segments: Upstream and Downstream, Midstream & Chemicals. Mark Nelson will continue …

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