Friday, 24 January 2025

Focus on Fuel

FILE PHOTO: A concrete gravity-based structure (GBS) of Arctic LNG 2 joint venture is seen under construction in a dry dock of the LNG Construction center near the settlement of Belokamenka, Murmansk region, Russia July 26, 2022.  REUTERS/Stringer//File Photo
Liquefied Natural GasNewsTrade

Europe expected to propose new sanctions on Russian LNG

EU ban on Russian oil has not yet extended to LNG, but sources say restrictions will be coming soon.

Precision Drilling Corp. logo is shown in a handout. THE CANADIAN PRESS/HO
BusinessNatural GasNewsOilTransmission

Precision Drilling seeing boost in demand as Trans Mountain start nears

The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services: Precision Drilling chief executive Kevin...

FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo
CoalElectricityEmissionsNewsRegulations

Tough rules force US power plants to capture emissions or shut down

New EPA rules on greenhouse gas emissions from fossil fuel-fired electric plants are the Biden administration's most ambitious effort yet to roll back...

NGOs allege the loan is financing the Suralaya coal plant, which is being expanded to ten units (AFP)
BusinessCoalFinanceNews

NGOs accuse ADB of funding coal plants despite clean energy vows

Indonesia coal projects are not excluded from being funded Asian Development Bank, four NGOs allege.

The logo of the Canadian mining company Teck Resources Limited is displayed as people visit the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/ File Photo
BusinessCoalMiningNews

Canada’s Teck Resources misses first-quarter profit estimates

Lacklustre steelmaking coal sales blamed for Teck profits disappointment.

AnalysisEconomyElectricityFuelReportsTrade

Reimagining energy security for the transition to renewables: IRENA report

What will the transition to renewable energy sources mean for our understanding of energy security? The International Renewable Energy Agency (IRENA) has published...

AnalysisAviationBiofuelsEmissionsReportsSustainable Aviation Fuel

The role of sustainable aviation fuel in reaching net zero by 2050: IATA report

Sustainable aviation fuel (SAF) to play a big role in all roadmaps for aviation industry to reach net-zero emissions by 2050, says new...

FILE PHOTO: A European Union flag flutters outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo
EconomyNewsOilPoliticsTrade

EU’s proposed sanctions on Russia to target oil tankers, ships moving North Korean equipment: sources

The European Commission is expected to propose sanctions on ships delivering North Korean military equipment to Russia as well as tankers that flout...

Hungary fuel price cap: An employee holds a gas pump to refill a car at a petrol station in Budapest January 11, 2012. REUTERS/Bernaadett Szabo/File Photo
BusinessEconomyFinanceFuelNewsPoliticsUtilities

Hungary gives fuel traders two weeks to match regional average prices

Hungary's government scrapped a fuel price cap in December 2022 after a lack of imports and panic buying led to fuel shortages, but...

FILE PHOTO: The logo of Equinor is set up at the entrance of a building at Western Europe's largest liquefied natural gas plant Hammerfest LNG in Hammerfest, Norway, March 14, 2024. REUTERS/Lisi Niesner/File Photo
BusinessEconomyHydrogenNatural GasNewsPoliticsRegulations

EU hydrogen plans must be supported by subsidies, regulations: energy execs

European governments will need to offer energy companies subsidies and regulatory support to produce renewable hydrogen to make the transition to clean fuels...

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