Wednesday, 20 November 2024

Spotlight: Natural Gas

COP30 in Brazil will be the third consecutive year the UN's top climate talks have been held in a country that plans to expand domestic production of fossil fuels (AFP)
AnalysisClimateClimate FinanceCoalEmissionsEnvironmentIndigenousNatural GasOilPoliticsRegulationsUnited Nations

Brazil will not ‘shy away’ from fossil fuels as COP30 host: envoy

Brazil, host of COP30, won’t shy away from leading global talks on fossil fuel phaseout, despite being a major oil producer.

A view shows the ExxonMobil oil refinery in Port-Jerome-sur-Seine, France.
BiofuelsEmissionsNatural GasNewsOilSustainable Aviation Fuel

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says

Major oil and gas companies plan 43 biofuel projects by 2030, boosting SAF production to cut emissions.

TC Energy headquarters in Calgary on July 30, 2024. THE CANADIAN PRESS/Todd Korol
BusinessCoalElectionsNatural GasNewsOilPolitics

TC Energy CEO sees opportunity in Trump win as company refocuses on natural gas

As a company, TC Energy has already seen first-hand how business can flourish or be derailed by political winds south of the border.

Bernadine Gibson, 82, talks about leaks in her kitching ceiling and how she is looking forward to renovations to the building her family has lived in for 27 years, Monday, Nov. 18, 2024, in Chicago. (AP Photo/Erin Hooley)
AnalysisBuildingsEconomyElectricityEmissionsInfrastructureNatural GasOilPoliticsRegulationsSolarStorageUtilities

US apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades

HUD's $1.4B Green Retrofit Program updates affordable housing, focusing on energy efficiency, cost savings, and climate resilience.

A man in formal wear stands at a podium, giving a speech.
BusinessClimate FinanceCoalEmissionsNatural GasNewsOilUnited Nations

UK joins coalition to phase out fossil fuel subsidies

The UK joins 16 nations in a coalition to phase out fossil fuel subsidies at COP29 in Azerbaijan.

Yalchin Rafiyev, Azerbaijan's COP29 lead negotiator, dressed in formal wear, speaking while seated at a desk.
Climate FinanceCoalFuelNatural GasNewsOilUnited Nations

COP29 talks buoyed by G20 support but fears stoked over fossil fuels backsliding

The G20's support for a strong finance deal at COP29 was welcomed, but concerns arose over fossil fuel commitments.

OEUK’s annual offshore decommissioning report said only 126 wells were decommissioned in 2023 (Andrew Milligan/PA)
BusinessEconomyElectricityInfrastructureNatural GasNewsOffshore WindOilPoliticsRegulationsTransmissionUtilitiesWind

Less offshore energy decommissioning work carried out in UK last year despite higher spend

UK decommissioning spend rose to £1.7bn in 2023, but well closures fell nine per cent, with resource clashes and cost inflation stalling progress.

Liberty Oilfield Services CEO Chris Wright is pictured in Denver, Jan. 17, 2018. (Andy Cross/The Denver Post via AP)
AnalysisBusinessElectricityEmissionsLegislationLiquefied Natural GasNatural GasOilPoliticsRegulationsTrade

What to know about Chris Wright, Trump’s choice to run the Energy Department

Trump’s Energy Secretary pick, Liberty Energy CEO Chris Wright, backs fossil fuels, fracking, and plans to reverse Biden’s climate policies.

The illuminated BP logo shines brightly at a gas station during the night.
BiofuelsBusinessElectricityEmissionsHydrogenNatural GasNewsOffshore WindOilSolarWind

European oil giants step back from renewables path

European oil giants, including BP, cut back on low-carbon power and refocus on oil, gas to revive investor confidence.

A view of the logo of Austrian energy company OMV displayed atop a modern glass building.
BusinessNatural GasNewsPoliticsTrade

Russia resells more gas in Europe after cutting off Austria, sources, data show

Russian gas flows to Austria are halted for a second day, but other European buyers snap up unsold volumes.

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