Tuesday, 11 March 2025

Focus on Fuel

A proposed increase in the Energy Profits Levy would cost the sector about £13 billion, an trade body has warned (Andrew Milligan/PA)
EconomyNatural GasNewsOilTrade

Oil and gas windfall tax rise would cost the economy £13bn, UK trade body warns

Increased windfall taxes on the UK’s offshore oil and gas industries would cost the economy about £13 billion.

Azerbaijan is among the 20 biggest net oil exporters and the 12th largest for gas, according to 2022 figures (AFP)
AnalysisCoalElectionsNatural GasOil

Azerbaijan: a country steeped in hydrocarbons

Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account...

FILE - A long exposure image shows the recorded temperature on a thermostat at the Furnace Creek Visitors Center, after 10:00 p.m. July 7, 2024, in Death Valley National Park, Calif. (AP Photo/Ty ONeil, File)
ClimateElectionsElectric Vehicles (EVs)ElectricityEmissionsFuelIndustryNatural GasNewsOilPolitics

Harris and Trump offer starkly different visions on climate and energy

"The freedom to breathe" versus "drill, baby, drill" — presidential contenders Harris and Trump's division over climate change is wider than ever.

The Teck Resources logo is seen on a podium before the company's special meeting of shareholders, in Vancouver, B.C., Wednesday, April 26, 2023. THE CANADIAN PRESS/Darryl Dyck
BusinessCoalCritical MineralsManufacturingNews

Teck Resources announces new business structure after exiting coal

The company says it now has two regional business units, one for North America and one for Latin America.

FILE PHOTO: A man rides past the office building of Sinochem in Beijing, China February 21, 2017. REUTERS/Damir Sagolj/File Photo
BusinessNewsOil

China’s Sinochem plans to exit US shale JV with Exxon, sources say

Sinochem is exploring the sale of its 40% stake in a U.S. shale joint venture with Exxon Mobil, valued at over $2 billion.

FILE PHOTO: Michael Nelson, a coal miner,shakes hands with then-U.S. President Donald Trump as Trump prepares to sign Resolution 38, which nullfies the "stream protection rule", at the White House in Washington, U.S., February 16, 2017. REUTERS/Carlos Barria/File Photo
ClimateCoalElectionsElectric Vehicles (EVs)EmissionsNatural GasOilPolitics

Trump campaign targets Biden’s green policies, promises revival of fossil fuels and deregulation

Trump's energy plan aims to boost U.S. fossil fuel output by rolling back Biden's climate rules and EV subsidies.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
EconomyFuelNewsOilPolitics

OPEC+ likely to proceed with planned output hike from October, sources say

OPEC+ is set to proceed with a planned oil output hike from October, six sources from the producer group told Reuters

BiodiversityCourtsEnvironmentNewsOilRegulations

Ecuador starts dismantling Yasuni National Park oil block two days before court deadline

Ecuador has begun dismantling oil infrastructure in Yasuni National Park ahead of a court deadline, but progress is slow, sparking criticism from Indigenous...

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/ File Photo
BusinessFinanceNatural GasNews

Texas narrows gas plant projects vying for $5.4 billion in funding

Texas selected 17 projects for $5.38 billion in funding to develop gas-fired power plants, advancing nearly 10,000 MW in capacity.

Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo
BusinessLiquefied Natural GasNews

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant

Venture Global LNG seeks U.S. approval to unload its first LNG commissioning cargo at the Plaquemines plant by Aug. 30.

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