Wednesday, 5 February 2025

Spotlight: Natural Gas

FILE PHOTO: The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/ File Photo
BusinessFuelNatural GasNewsOil

BP projects 44% jump in oil output from India’s largest field, ONGC says

The increase in production is expected to begin in the next fiscal year starting April 1.

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
BiodiversityBusinessClimateEmissionsEnvironmentIndigenousNatural GasNewsOilPoliticsRegulations

Alaska wildlife refuge drilling auction yields no bids, US says

The congressionally mandated oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge received no bids from energy companies.

Shell’s liquefied natural gas production dropped in the final quarter of last year (Yui Mok/PA)
BusinessClimateEmissionsEmissions MarketsEnvironmentLiquefied Natural GasNatural GasNewsOilVoluntary Carbon Markets (VCMs)

Shell warns of £1bn cash hit from emissions certificates payments

The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US.

FILE PHOTO: The Statue of Liberty is covered in haze and smoke caused by wildfires in Canada, in New York, U.S., June 6, 2023.      REUTERS/Amr Alfiky/File Photo
ClimateClimate FinanceEconomyEmissionsEnvironmentNatural GasNewsOilPoliticsRegulationsTrade

EU warns of ‘serious blow’ from Trump on climate change

Global climate efforts face a setback if Trump exits the Paris Agreement again, warns EU climate chief Hoekstra.

FILE PHOTO: The flag of the U.S. state Alaska is seen in this illustration taken, August 21, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BiodiversityClimateCourtsNatural GasNewsOilPoliticsRegulations

Alaska sues Biden administration over oil and gas leases in Arctic refuge

Alaska sues Biden administration over restrictions on Arctic refuge drilling, claiming violations of Congressional mandates.

File - A sign marks the entrance to an ExxonMobil fuel storage and distribution facility in Irving, Texas, Jan. 25, 2023. (AP Photo/LM Otero, File)
CourtsEnvironmentLegislationNatural GasNewsOil

Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims

The oil and gas giant seeks unspecified damages and retractions of 'defamatory statements.'

FILE - A boat navigates large icebergs near the town of Kulusuk, in eastern Greenland, on Aug. 15, 2019. (AP Photo/Felipe Dana, File)
AnalysisBusinessClimateCritical MineralsEmissionsEnvironmentNatural GasOilPolitics

Why Greenland? Remote but resource-rich island occupies a key position in a warming world

Locked inside Greenland are valuable critical minerals such as uranium, billions of untapped barrels of oil and a vast supply of natural gas.

FILE PHOTO: U.S. President Joe Biden speaks at a reception for newly elected Democratic members of Congress, in Washington, U.S. January 5, 2025. REUTERS/Nathan Howard/File photo
BusinessEconomyElectric Vehicles (EVs)ElectricityEmissionsEnvironmentGeothermalHydropowerLegislationNatural GasNewsNuclear PowerOilPoliticsRegulationsSolarWind

Biden team wraps up expanded clean energy credit guidance

Biden finalizes clean energy tax credit guidance, extending IRA benefits to diverse low-carbon power sources amid climate change push.

FILE PHOTO: U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. January 7, 2025. REUTERS/Carlos Barria/File Photo
BusinessEconomyNatural GasNewsOilPoliticsRegulations

Trump says he will revoke Biden offshore drilling ban immediately

Donald Trump says he will revoke the offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden.

Total Energy Services Inc. says it is planning $61.9 million in capital spending for 2025.The company's logo is shown in a handout. THE CANADIAN PRESS/HO
BusinessEconomyIndustryInfrastructureNatural GasNewsOilRegulations

Total Energy Services plans $61.9 million in capital spending for 2025

Total Energy to spend $61.9M in 2025 on Canadian rig upgrades, gas compression, and carry forward $16.6M from 2024.

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