Wednesday, 22 January 2025

Focus on Fuel

FILE PHOTO: The new logo of SLB is seen in this undated handout image obtained by Reuters on October 19, 2022. SLB/Handout via REUTERS/File Photo
BusinessNewsOil

SLB says its Russia business aligns with new US sanctions as revenue drops

SLB said its current business in Russia still aligns with new U.S. sanctions on Russia, but that revenue in the country was declining.

FILE PHOTO: Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BiodiversityNatural GasNewsOilPolitics

Biden administration moves to protect more of Alaska refuge from drilling

Biden moves to protect more of Alaska's ANWR from drilling, complicating Trump's pro-oil development plans.

FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FuelNewsOilPoliticsTrade

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

The tanker is the first since last week's sanctions announcement to discharge in Shandong province.

FILE PHOTO: North Dakota Governor Doug Burgum speaks in the spin room, ahead of the debate between Republican presidential nominee and former U.S. President Donald Trump and Democratic presidential nominee and U.S. Vice President Kamala Harris, in Philadelphia, Pennsylvania, U.S., September 10, 2024. REUTERS/Evelyn Hockstein/File Photo
ClimateElectionsEnvironmentFuelNatural GasNewsOilPoliticsRegulations

Trump’s Interior Department nominee says boosting energy key to US security

Doug Burgum will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters.

FILE PHOTO: A logo of Google is seen on its office building in Hyderabad, India, January 29, 2024. REUTERS/Francis Mascarenhas/File Photo
BiofuelsBusinessCarbon ManagementClimateEmissionsFuelNews

Google signs deal to buy carbon removal credits from Indian farms

The deal - signed by Google and Indian supplier Varaha - is one of the biggest ever involving biochar.

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessFuelLabourNewsOil

BP cuts over 5% of workforce to reduce costs

BP told staff that 3,000 contractor positions will also be cut.

Chinese President Xi Jinping (R) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025 (POOL)
BusinessFuelNewsOilPoliticsTrade

Sri Lanka signs landmark $3.7 bn deal with Chinese state oil giant

Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in Sri Lanka.

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
AnalysisOilOpinionTrade

Column: China response key to crude oil after new sanctions on Russia

China may cut crude imports and tap inventories as U.S. sanctions on Russian oil disrupt supply, pressuring global prices.

Chris Wright is a founder of Liberty Energy, which serves the energy companies that have massively increased US fossil fuel production in recent years through fracking (AFP)
ElectricityFuelNewsPolitics

Trump’s Energy Dept pick wants to develop renewables… and fossil fuels

Wright advocated for renewable energy and referred to the warming planet as a fact, while still pushing for increased use of fossil fuels.

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump gestures as he speaks during a press conference at Trump Tower in New York City, U.S., September 6, 2024. REUTERS/David Dee Delgado//File Photo
Liquefied Natural GasNewsRegulationsTrade

Trump to end need for some LNG export permit renewals, sources say

Trump plans to end LNG export permit renewals, aiming to boost projects stalled by Biden's restrictions, sources reveal.

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