The great investor Warren Buffett says one of his rules is “never bet against America”. There are many who share that view, including, it seems, European oil and gas companies. Two recent deals by TotalEnergies and Equinor have underlined the continuing importance of the US for international oil and gas companies, and for the European Majors, in particular. We may well see further acquisitions of US assets by European companies, as they position themselves for long-term demand for oil and gas. The two deals in themselves are not particularly momentous. TotalEnergies announced last week that it was buying a 20% ... (full story)