Wednesday, 22 January 2025

Focus on Fuel

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: Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024. Picture taken with long exposure. REUTERS/Raphael Satter/File Photo
BusinessEconomyNewsOil

Exxon Mobil signals oil refining results to hurt Q4 profits

Exxon Mobil projects a $1.6B Q4 earnings drop amid weaker oil prices and refining results, anticipating $600M in impairments.

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: CEO of Hess Corporation, John B. Hess speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/File Photo
BusinessEconomyNewsOilTrade

Hess CEO upbeat on oil demand, says Guyana’s potential barely scratched

Hess CEO John Hess sees a nearly balanced oil market with strong shale and Guyana prospects, yet warns of potential volatility ahead.

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.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024.  REUTERS/Brendan McDermid/File Photo
BusinessEconomyEfficiencyFinanceInfrastructureNewsOilRegulations

Oil services provider Flowco seeks up to $2 billion valuation in US IPO

Flowco Holdings seeks up to $2B valuation in U.S. IPO, riding capital market rebound and bullish equity trends.

FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
ElectionsEmissionsFuelLiquefied Natural GasNewsRegulations

Trump promised swift action on LNG exports, but advisers preaching patience

Trump advisers urge a patient approach to LNG export approvals to avoid rapid approvals being overturned in court.

FILE PHOTO: Flames come out of a domestic gas ring on a stove in Manchester, Britain, September 20, 2021. REUTERS/Phil Noble/File Photo
BusinessEconomyEmissionsIndustryInfrastructureNatural GasNewsPoliticsRegulationsUtilities

Trump weighing executive order protecting gas stoves, sources say

Trump mulls executive order to shield gas appliances from regulations, amid debates on climate and health impacts.

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