Thursday, 20 February 2025
FILE - A boat passes by July 2, 2024, off Sea Girt, N.J., where a power cable from the Atlantic Shores offshore wind farm project is projected to come ashore. (AP Photo/Wayne Parry, File)
ElectricityOffshore WindPoliticsWind

In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away...

FILE PHOTO: Chevron logo and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelOil

Chevron misses earnings estimate as refining posts first loss in four years

The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec. 31.

FILE PHOTO: A man stands in front of the Northvolt Ett factory in Skelleftea, Sweden, November 27, 2024. REUTERS/Marie Mannes/File Photo
BusinessElectric Vehicles (EVs)ElectricityStorageTransport

Scania tries to breathe life into troubled EV battery maker Northvolt

Four Northvolt workers told Reuters they had seen Scania employees inside the factory in recent months.

FILE PHOTO: A general view of the commercial harbour of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo
FuelLiquefied Petroleum GasOilPoliticsTrade

Syria turns to intermediaries for oil imports after low interest in tenders, sources say

Syria's civil war decimated the country's energy industry and the new government faces an uphill battle to restore energy security.

FILE PHOTO: Mads Nipper prictured at a news conference in Bjerringbro, Denmark, March 13, 2018. Scanpix Denmark/Henning Bagger via REUTERS/File Photo
BusinessElectricityLabourOffshore WindWind

Renewables group Orsted replaces CEO to arrest share price slump

Orsted's shares were down 0.2% at 1010 GMT, slightly underperforming Europe's blue-chip stock index.

A dumper unloads coal at a coal yard at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. REUTERS/Amit Dave/File Photo
CoalEmissions

Opinion: India’s lower coal imports mean bad news for power emissions

By Gavin Maguire LITTLETON, Colorado (Reuters) -India lowered imports of thermal coal by over 5.5 million tons in 2024 from the year before,...

FILE PHOTO: Snow capped mountains are reflected in Kenai Lake outside of Cooper Landing, in Anchorage, Alaska, U.S., November 3, 2021. Picture taken November 3, 2021. REUTERS/Shannon Stapleton/File Photo
EconomyLiquefied Natural GasPoliticsTrade

Japan weighs Alaska LNG pipeline pledge to win Trump’s favour

By Tim Kelly, Yukiko Toyoda, John Geddie TOKYO (Reuters) -Japan is considering offering support for a $44 billion gas pipeline in Alaska as...

FILE PHOTO: A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo
FuelOilPoliticsTrade

Oil prices rise amid US tariff threat but still set for weekly loss

Trump has threatened to impose a 25% tariff as early as Saturday on Canadian and Mexican exports to the United States.

Critical MineralsElectricityMineralsNuclear Power

Column-Nuclear revival puts uranium back in the critical spotlight: Andy Home

Uranium's inclusion on the U.S. critical mineral list would open up federal funds and fast-track permitting for domestic uranium projects.

Electric vehicles (EVs) are becoming ‘normalised’ as nearly half of consumers know an owner, a new study found (Danny Lawson/PA)
Electric Vehicles (EVs)Transport

EVs becoming ‘normalised’ as almost half of UK consumers know an owner – survey

Some 49% of 4,000 people surveyed in Britain either own an EV or know someone who does, according to new research.

A floating solar energy farm on the Cottbuser Ostsee lake in eastern Germany -- the EU hopes to strengthen supply lines for green technologies, like solar and wind power, chips and pharmaceutical ingredients (AFP)
AnalysisBusinessCritical MineralsEconomyPoliticsTrade

Red tape and rare earths: EU ‘compass’ charts economic future

Promising a “simplification shock”, the EU will unveil a much-anticipated blueprint to revamp Europe’s economic model on Wednesday, as the bloc struggles to...

Windmills make up about 10 percent of US energy production, with the largest output in the Republican-led states of Texas, Iowa and Oklahoma (GETTY IMAGES NORTH AMERICA)
AnalysisBusinessOffshore WindPoliticsWind

Trump casts chill over US wind energy sector

Trump has long ranted against wind energy with him threatening to upend decades of industry progress just a few hours after resuming power.

FILE PHOTO: An L.A. Department of Water and Power electrical worker installs hardware to support power lines following the Palisades Fire, in Pacific Palisades, California, U.S., January 17, 2025. REUTERS/Fred Greaves/File Photo
AnalysisElectricityInfrastructurePolitics

Analysis: Trump’s high-wire act to transform US power grid won’t be easy

Trump’s push to fix the U.S. power grid’s transmission lines faces state resistance, supply snags and rising AI and data center demand.

People follow a virtual speech of U.S. president Donald Trump at the Annual Meeting of World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2025. THE CANADIAN PRESS/AP-Markus Schreiber
AnalysisBusinessOilPolitics

Trump’s call for OPEC to bring down cost of oil conflicts with his agenda: experts

WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of...

FILE PHOTO: Brazil's Minister of Environment Marina Silva and Brazil's President Luiz Inacio Lula da Silva greet Brazil's Ambassador Andre Correa do Lago while he's announced as President of the UN climate conference COP30, at the Planalto Palace in Brasilia, Brazil, January 21, 2025. REUTERS/Ueslei Marcelino/File Photo
AnalysisClimateClimate FinanceEmissionsPolitics

COP30 in Brazil set to spotlight developing countries’ climate finance needs

COP30 host Brazil urges rich nations to boost climate funds amid U.S. Paris exit; $300B pledged falls short of $1.3T needed.

US President Donald Trump seeks to increase US oil production under his administration -- such as at this refinery in Detroit, Michigan -- but he may face challenges outside of his control (AFP)
AnalysisBusinessNatural GasOil

Trump push to ‘drill, baby, drill’ may hit industry roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week — but...

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024.  REUTERS/Brian Snyder/File Photo
BusinessEconomyIndustryInfrastructurePoliticsTrade

US metal buyers likely to turn to Mideast, Chile as tariffs bite

By Melanie Burton MELBOURNE (Reuters) -U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru...

FILE - A boat passes by July 2, 2024, off Sea Girt, N.J., where a power cable from the Atlantic Shores offshore wind farm project is projected to come ashore. (AP Photo/Wayne Parry, File)
ElectricityOffshore WindPoliticsWind

In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away...

FILE PHOTO: Chevron logo and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelOil

Chevron misses earnings estimate as refining posts first loss in four years

The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec. 31.

FILE PHOTO: Snow capped mountains are reflected in Kenai Lake outside of Cooper Landing, in Anchorage, Alaska, U.S., November 3, 2021. Picture taken November 3, 2021. REUTERS/Shannon Stapleton/File Photo
EconomyLiquefied Natural GasPoliticsTrade

Japan weighs Alaska LNG pipeline pledge to win Trump’s favour

By Tim Kelly, Yukiko Toyoda, John Geddie TOKYO (Reuters) -Japan is considering offering support for a $44 billion gas pipeline in Alaska as...

FILE PHOTO: A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo
FuelOilPoliticsTrade

Oil prices rise amid US tariff threat but still set for weekly loss

Trump has threatened to impose a 25% tariff as early as Saturday on Canadian and Mexican exports to the United States.

Critical MineralsElectricityMineralsNuclear Power

Column-Nuclear revival puts uranium back in the critical spotlight: Andy Home

Uranium's inclusion on the U.S. critical mineral list would open up federal funds and fast-track permitting for domestic uranium projects.

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility. A Shell logo is seen at a gas station in London, on March 8, 2022. THE CANADIAN PRESS/AP/Frank Augste
BusinessCarbon ManagementFuelLiquefied Natural GasOil

Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility

The deal will boost Shell's interest in the upgrader and carbon capture facility to 20 per cent.

Jennifer Williams, CEO of NL Hydro, speaks with John Abbott, minister of housing, during a debate in the House of Assembly, in St. John's, Tuesday, Jan. 7, 2025.  THE CANADIAN PRESS/Paul Daly
ElectricityHydropowerIntertiesPolitics

Newfoundland and Labrador appoints team to broker final energy deal with Quebec

ST. JOHN’S, N.L. — Newfoundland and Labrador’s government has appointed a team for the next round of negotiations with Hydro-Québec, as the provinces’...

Prime Minister Justin Trudeau and Polish Prime Minister Donald Tusk shake hands after taking part in a joint press conference at the Chancellery of the Prime Minister in Warsaw, Poland on Tuesday, Jan. 28, 2025. THE CANADIAN PRESS/Sean Kilpatrick
ElectricityNuclear PowerPolitics

Trudeau, Polish PM sign nuclear energy cooperation agreement

The two leaders also signed the Canada-Poland Nuclear Energy Co-operation Agreement on Tuesday.

A flare stack burns off excess gas at a processing facility near Crossfield, Alta., June 13, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural Gas

Manitoba regulator approves hikes in natural gas, northern propane rates

WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating. The province’s...

Nova Scotia Premier Tim Houston arrives for a first ministers meeting in Ottawa on Jan. 15. THE CANADIAN PRESS/Sean Kilpatrick
BusinessEconomyEnvironmentOilPolitics

Fishers worried by N.S. premier’s musings over lifting oil-exploration moratorium

HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he’s open to ending a moratorium on...

First Minister John Swinney was shown a hydrogen gas cooker during the visit (Jane Barlow/PA)
ClimateHydrogen

Swinney: Hydrogen-powered home is ‘exciting’ development in climate change fight

John Swinney says the opening of the first hydrogen-powered homes at a demonstration facility in Fife is an “exciting project” which can help...

FILE PHOTO: A general view of a Tesla store in Porsgrunn, Norway, December 24, 2021. REUTERS/Victoria Klesty/File Photo
BusinessElectric Vehicles (EVs)FinancePolitics

Tesla loses market share in Sweden, Norway as Musk looms large

OSLO (Reuters) – Tesla lost market share in Sweden and Norway in January, car registration data showed on Monday as the U.S. electric...

Norway aims for all new cars sold to be 'zero emission' starting in 2025, which is 10 years ahead of the goal set by the European Union (AFP)
Electric Vehicles (EVs)

Norway nears 100% goal of all-electric cars

Almost 96 per cent of new cars registered in Norway in January were electric, close to the country's goal of selling only zero-emission...

FILE PHOTO: A man stands in front of the Northvolt Ett factory in Skelleftea, Sweden, November 27, 2024. REUTERS/Marie Mannes/File Photo
BusinessElectric Vehicles (EVs)ElectricityStorageTransport

Scania tries to breathe life into troubled EV battery maker Northvolt

Four Northvolt workers told Reuters they had seen Scania employees inside the factory in recent months.

FILE PHOTO: Mads Nipper prictured at a news conference in Bjerringbro, Denmark, March 13, 2018. Scanpix Denmark/Henning Bagger via REUTERS/File Photo
BusinessElectricityLabourOffshore WindWind

Renewables group Orsted replaces CEO to arrest share price slump

Orsted's shares were down 0.2% at 1010 GMT, slightly underperforming Europe's blue-chip stock index.

FILE PHOTO: A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. Picture taken October 20, 2021. REUTERS/Yilei Sun/File photo
BusinessEconomyElectric Vehicles (EVs)Finance

China Evergrande’s EV unit says struggling to attract investors amid liquidity crisis

(Reuters) – China Evergrande New Energy Vehicle said on Monday it is struggling to attract strategic investors amid a severe liquidity crisis, which...

This aerial view on Sunday, Jan. 19, 2025, shows the Bataan Nuclear Power Plant in the Philippines, which has never produced a single watt of energy. (AP Photo/Anton L. Delgado)
ElectricityNuclear Power

Southeast Asia looks to nuclear power to supercharge its energy transition

JAKARTA, Indonesia (AP) — Southeast Asia’s only nuclear power plant, completed four decades ago in Bataan, about 40 miles from the Philippine capital...

A dumper unloads coal at a coal yard at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. REUTERS/Amit Dave/File Photo
CoalEmissions

Opinion: India’s lower coal imports mean bad news for power emissions

By Gavin Maguire LITTLETON, Colorado (Reuters) -India lowered imports of thermal coal by over 5.5 million tons in 2024 from the year before,...

FILE PHOTO: An aerial view of the machinery at the coal terminal of Huanghua port, in Hebei province, China February 1, 2023. China Daily via REUTERS/File Photo
CoalFuelMineralsMining

Column-China’s iron ore and coal imports ease in January, but prices diverge: Russell

China, the world's largest producer, consumer and importer of coal, may need less from the seaborne market as domestic supplies increase.

Energy authorities say quick action is needed to fill the gap left by shuttered coal-fired power stations (AFP)
ClimateCoalElectricityEmissionsFuelSolar

Australia says reliance on coal-fired power drops to record low

Renewable energy sources supplied a record 46 percent of electricity in the quarter third, peaking at 75.6 percent on November 6.

FILE PHOTO: The logo of Ecopetrol is pictured at its headquarters in Bogota, Colombia July 11, 2023. REUTERS/Luisa Gonzalez/File Photo
BusinessOil

Colombia’s Ecopetrol renews joint venture with Occidental Petroleum in Permian basin

BOGOTA (Reuters) – Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental...

FILE PHOTO: Workers walk along a tunnel at Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile July 30, 2024. REUTERS/Fabian Cambero/File Photo
Critical MineralsMineralsMining

Chilean miner Codelco to use recycled material for ball milling at El Teniente mine

The move is part of efforts by the world's largest copper producer to cut its greenhouse gas emissions by 25% by 2030.

FILE PHOTO: The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
BusinessCritical MineralsMining

Iron ore output from Brazil’s Vale slid 4.6% in fourth quarter

By Andre Romani and Marta Nogueira SAO PAULO/RIO DE JANEIRO (Reuters) -Brazilian miner Vale posted on Tuesday its highest annual iron ore production...

FILE PHOTO: Cars queue outside a YPF gas station in Buenos Aires, Argentina, December 13, 2023. REUTERS/Agustin Marcarian/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)Trade

Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes

BUENOS AIRES (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced...

FILE PHOTO: People work during the construction of the Nestor Kirchner gas pipeline in Macachin, La Pampa, Argentina April 26, 2023. REUTERS/Martin Cossarini/File Photo
BusinessElectricityFuel

Argentina logs largest energy trade surplus in 18 years in win for Milei

BUENOS AIRES (Reuters) – Argentina logged its largest energy trade surplus in nearly two decades last year, the energy secretariat said on Tuesday,...

FILE - People walk amid an oil spill in the Niger Delta in village of Ogboinbiri, Nigeria, Dec. 11, 2024. (AP Photo/Sunday Alamba, File)
BusinessEconomyOilPolitics

Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business

ABUJA, Nigeria (AP) — The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered...

FILE PHOTO: A general view of the commercial harbour of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo
FuelLiquefied Petroleum GasOilPoliticsTrade

Syria turns to intermediaries for oil imports after low interest in tenders, sources say

Syria's civil war decimated the country's energy industry and the new government faces an uphill battle to restore energy security.

Lesotho King Letsie III says renewable energy could transform his country's economy (AFP)
BusinessClimate FinanceEconomyElectricityFuelHydropowerSolarWind

Lesotho’s king pitches green energy to Davos elites

King Letsie III of Lesotho urges global leaders in Davos to invest in his nation's green transition.

This is a locator map for Yemen with its capital, Sanaa. (AP Photo)
ClimateEnvironmentMaritimePoliticsTransport

Tanker hit by Yemen rebels that threatened Red Sea spill has been salvaged

The Sounion had been a disaster in waiting in the waterway, with 1 million barrels of crude oil aboard.

FILE PHOTO: The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. REUTERS/Benoit Tessier/File Photo
BusinessFuelLiquefied Petroleum Gas

Saudi Aramco and Sonatrach cut LPG prices for January

LPG is used mainly as fuel for cars, heating and as a feedstock for other petrochemicals.

FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. REUTERS/Maxim Shemetov/File Photo
BusinessOilPoliticsTrade

OPEC+ likely to stick to oil output hike plan, sources say

By Maha El Dahan, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC+ agreed to stick to its policy of gradually raising oil output...

FILE PHOTO: Wind turbines are surrounded by fog at a wind farm in the mountains of Galicia region, near Vilalba, Spain March 20, 2024. REUTERS/Nacho Doce/File Photo
ClimateElectricityEmissionsFuelHydrogenInfrastructureSolarStorageTransmissionUtilitiesWind

Global energy transition investment exceeded $2 trln last year, report shows

Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.

DeepSeek is raising questions about how much energy AI needs (GETTY IMAGES NORTH AMERICA)
ElectricityUtilities

DeepSeek breakthrough raises AI energy questions

Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek’s new chatbot is now roiling...

FILE PHOTO: A logo of BMW is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
BusinessElectric Vehicles (EVs)PoliticsTrade

BMW joins Chinese EV makers in filing EU court challenge to tariffs

BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union against EU tariffs on China-made...

FILE PHOTO: A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel//File Photo
BusinessOilPoliticsTrade

India says sanctioned Russian oil tankers can discharge before Feb 27

By Nidhi Verma NEW DELHI (Reuters) – The United States has clarified to India that tankers loaded with Russian oil have to discharge...

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