Monday, 4 August 2025

Focus on Oil

BusinessEconomyHydrogenNewsOilPolitics

Cepsa to delay $3.3 billion hydrogen projects if Spain’s windfall tax made permanent

Oil companies have been among the most vocal critics of Spain's windfall tax, which has also drawn criticism from utility companies such as...

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy August 16, 2018.  REUTERS/Max Rossi/ File Photo
BusinessFinanceFuelNatural GasNewsOil

Italy’s Eni to boost buyback after quarterly earnings beat expectations

Eni will increase its share buyback programme to 2 billion euros, it said on Friday, after beating third-quarter profit expectations.

Climate activists disrupt a speech by Donald Trump in Indianola, Iowa (AFP)
AnalysisBusinessClimateElectionsElectric Vehicles (EVs)EmissionsNatural GasOilPolitics

Trump vs Harris: Competing visions for a warming world

Trump and Harris offer starkly different climate visions, with Trump's "drill" policies clashing against Harris' green energy support.

FILE PHOTO: A Volkswagen logo is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)Liquefied Petroleum GasManufacturingNewsOilRegulations

VW’s Scout Motors unit will offer EV SUVs, trucks with gas engine option

Volkswagen's Scout Motors unveiled electric SUV and truck concepts with up to 500-mile range, adding gas engines for extended range.

FILE PHOTO: The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016.  REUTERS/Mike Blake/File Photo
BusinessEconomyFinanceFuelLiquefied Petroleum GasNewsOil

Valero Energy quarterly profit plunges on weak refining margins

Valero Energy's profit slumped 86 per cent on lower refining margins, but beat expectations with $1.14/share vs. analysts' 98 cents estimate.

A view of the Neste logo at the Neste refinery located in Tuas South, Singapore May 16, 2023. REUTERS/Caroline Chia/ File Photo
BiofuelsBusinessHydrogenNewsOilSustainable Aviation Fuel

Finland’s Neste scraps investment in renewable hydrogen in tough biofuel market

Neste has withdrawn from an investment into renewable hydrogen production at its plant in Porvoo, Finland,

A view of Equinor's LNG facility in Melkoeya, outside Hammerfest, Norway January 31, 2023. Ole Berg-Rusten/NTB via REUTERS/ File Photo
BusinessElectricityFuelNatural GasNewsOilWind

Equinor eyes lower spending on renewables after Orsted transaction

Equinor may cut renewable investments by 2030 after buying a $2.5B stake in Orsted, citing better access to wind assets.

A pair of protesters are removed from the Jacques Cartier Bridge by first responders, in Montreal, Tuesday, Oct. 22, 2024. THE CANADIAN PRESS/Christinne Musch
ClimateCoalEmissionsEnvironmentIndigenousIndustryNatural GasNewsOilPoliticsRegulations

Montreal climate protesters charged after climbing Jacques Cartier Bridge

Two activists face charges after scaling Montreal's Jacques Cartier Bridge in a climate protest, disrupting traffic.

FILE PHOTO: People sit at the Shell booth on the day of the opening of the Nigeria Oil and Gas 2022 meeting in Abuja, Nigeria July 4, 2022. REUTERS/Afolabi Sotunde/File Photo
AnalysisBusinessEconomyOilPoliticsRegulations

Analysis: Shell setback upsets Nigeria’s quest to lure investment

Nigeria's block of Shell's $2.4 billion onshore asset sale signals regulatory hurdles, deterring vital oil investments.

A drone view shows a shale gas flare in the Vaca Muerta formation, outside the Patagonian oil and gas town Anelo, Argentina, October 22, 2024. REUTERS/Alexander Villegas
EnvironmentLiquefied Natural GasNatural GasNewsOil

Argentina’s Vaca Muerta shales drive record oil boom

Shale oil and gas output is soaring in the flat, arid region that is home to Argentina's Vaca Muerta shale formation.

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