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United States

New York Enacts Legislation Requiring Fossil Fuel Companies Pay $3B Annually for “Climate Damage Repair”

New York Governor Kathy Hochul signed legislation (S.2129-B/A.3351-B) requiring fossil fuel companies to contribute $3 billion annually for climate damage repai…

Green Hydrogen

BNEF Forecasts Sharper Green H2 Price Drop By 2050

BloombergNEF says green hydrogen will fall from a current range of $3.74/kg to $11.70/kg to between $1.60/kg and $5.09/kg by 2050.BloombergNEF said that green h…

Nigeria

Nigeria Resumes Mining in Zamfara State on Improved Security

Nigeria has lifted a ban on mining exploration in the northwestern state of Zamfara after a five-year suspension, the mining minister said, citing improved secu…

United States

Lithium Americas and GM Close Joint Venture for Thacker Pass Mine

Lithium Americas said on Monday it has closed its joint venture with US automaker General Motors to develop the Thacker Pass lithium mine in Nevada.The miner&rs…

Green Hydrogen

Climate Fund Managers Acquires 24% Stake in Hyphen Hydrogen Energy

Dutch-based for-profit investment manager Climate Fund Managers (CFM) has completed the acquisition of a 24% equity stake in Hyphen Hydrogen Energy through its …

Green Hydrogen

AES Andes Submits Eia for Industrial-Scale Hydrogen Project in Chile

Energy company AES Andes has submitted an environmental impact assessment (EIA) to Chilean permitting authorities for a proposed industrial-scale green hydrogen…

Oil Price

Oil Prices Ease as Markets Weigh China Stimulus Hopes

Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oi…

Oil Refinery

NLC Hails Dangote Refinery for Fuel Price Cut

The Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians.Spea…

Crude Oil

RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged

The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9…

Australia

Progress of Projects Such as the Orient Polymetallic Mine in Australia

Iltani Resources has seen high-grade mineralization at the Orient East silver indium project in northern Queensland, which had previously seen the highest grade…

Natural Gas

KazMunayGas and CNOOC Joining Forces to Dig Deeper Into Geological Exploration

KazMunayGas and CNOOC are expanding their cooperation in geological exploration, discussing key aspects of bilateral collaboration, including the joint implemen…

Natural Gas

Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity

The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next y…

Russian

Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls

Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea co…

Electric Vehicle Charging

Peak EV Fast Charging Is up 50%, and So Are EV Fast Chargers

Apparently, at the year’s peak charging time in the US, EV fast charging was up nearly 50% compared to the same time in 2023. That peak charging time is T…

Oil Shale

Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence

In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Ag…