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Oil & Gas Trade

Global Fossil Fuel Subsidies Skyrocket to $7 Trillion

BP's CEO Bernard Looney and even the most pro-transition governments believe investing in immediate energy needs, like oil and gas, is essential, leading to…

Oil&Gas Drilling

Eni Begins Oil and Gas Production at Ivory Coast Baleine Field

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi Acquire Licensing RightsItaly'…

LNG

Australia's Kinetiko Energy in Talks With Sasol on Gas Supply Deal

Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol (SOLJ.J) on a…

CCS

Norway's Equinor Acquires a Stake in U.S. Bayou Bend CCS Project

Equinor logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNorwegian oil and gas company Eq…

Carbon Capture

Fuelcell, Exxon Mobil to Extend Carbon Capture Deal

FuelCell Energy (FCEL.O) said on Monday it would extend a carbon capture joint development agreement with a unit of Exxon Mobil (XOM.N) to March 31 next year.Th…

Offshore Wind Power

First US Gulf Offshore Wind Auction to Fuel Region's Green Hydrogen Push

U.S. President Joe Biden holds up a wind turbine size comparison chart while attending a meeting with governors, labor leaders, and private companies launching …

Carbon Emissions

Exxon Says World Set to Fail 2°C Global Warming Cap by 2050

An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023. REUTERS/Pascal Rossignol Acquire Licensing Righ…

LNG

Chevron's Australia Lng Facilities Face Work Stoppages, Gas Prices Surge

The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas…

Energy Storage Project

Huayou, Vale Commit to Indonesian Huali Mhp Project

Major Chinese battery metals producer Huayou Cobalt has signed a definitive agreement with Vale Indonesia (PTVI) to develop a production plant for mixed hydroxi…

Geothermal Power Project

Türkiye Publishes Draft Regulation on Evaluation of Geothermal Power Projects

Kizildere 1 Geothermal Power Plant (source: Zorlu Energy)The Ministry of Energy and Natural Resources (MENR) has prepared the Draft Regulation on the Technical …

Solar Cell

Driving Down Solar Costs Key to Unlocking Green Hydrogen Future

Jim Tyler, CEO of solar tech specialist Erthos, says that reducing the cost of solar electricity will be needed to unlock the next chapter of the energy transit…

Thermal Coal

Malaysia Eyes Green Hydrogen to Power Shift From Fossil Fuels

Malaysia aims to roll out a plan this year on harnessing green hydrogen, with an eye toward becoming a main export hub by 2027, according to Environment Ministe…

Oil & Gas Trade

Saudi Pif, Holders to Offer 30% Stake in Oil Driller Ades IPO

The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea, Norway, on Monday, Feb. 13, 2023. Equinor, Norway’s biggest o…

Carbon Emissions

Fujitsu Accelerates Plans to Achieve Net Zero Greenhouse Gas Emissions Across Its Supply Chain

Fujitsu today announced that it accelerated its plans to achieve carbon neutrality in its business by twenty years, setting fiscal 2030 as the new goal to reduc…

Renewable Energy

Orange Romania Group Purchases Long-Term Renewable Energy by Signing Its First Vppa Agreement With Engie Romania

The Orange Romania Group has signed with ENGIE Romania the first vPPA (virtual Power Purchase Agreement) contract, which consists in the virtual purchase of lon…