Wednesday, 5 February 2025

Focus on Fuel

General view of Citgo Petroleum headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura
BusinessCourtsEconomyFinanceNewsOilPolitics

Financial alliances build as Citgo share auction enters last mile

In the last mile of an unprecedented auction to pay up to $21.3 billion from past expropriations and debt defaults in Venezuela, a...

CourtsInfrastructureNatural GasNewsOilPolitics

States sue US to block rule that oil firms guarantee payment to dismantle old wells

The Biden administration has proposed a rule that would require the offshore oil and gas industry to help cover the cost of dismantling...

AnalysisClimateClimate FinanceElectionsElectricityEmissionsFuelPolitics

E3G Briefing: Opportunities and risks for climate action after EU elections

What do the results of the European Parliament elections mean for climate and energy policy? A briefing note from London-based climate think tank...

FILE PHOTO: A worker shovels coal as he loads a truck at a coal port in Hanoi February 23, 2012. REUTERS/Kham/File Photo
AnalysisCoalEconomyEmissionsIndustryPoliticsSolar

More than 800 coal plants worldwide could be profitably decommissioned, research group says

Though only a tenth of existing coal plants are scheduled to shut down by 2030, more could close if efforts are made to...

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant/File Photo
BusinessFinanceNatural GasNewsOil

LandBridge aims to raise up to $319 million in US IPO

LandBridge owns about 220,000 surface acres in the oil-rich Permian Basin

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisAutomotiveBusinessFuelIn-DepthOilTransport

Analysis: Global gasoline refining margins slump on slow summer driving season

Oil refiners' profits are down as demand for U.S. gasoline is seasonally the lowest since 2021

Workers clean up the oil slick at Tanjong Beach in Sentosa, Singapore June 16, 2024. REUTERS/Edgar Su
EnvironmentFuelNewsOil

Singapore intensifies oil spill clean up after it spreads along coast

Workers clean up the oil slick at Tanjong Beach in Sentosa, Singapore

A worker clears oil slick on Sentosa island's Siloso beach in Singapore on June 15 (AFP)
EnvironmentFuelNewsOil

Singapore’s Sentosa island beaches closed due to oil spill

The oil spill resulted from an accident on Friday at the Pasir Panjang terminal between a Netherlands-flagged dredger and a stationary Singapore-flagged bunker...

FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File Photo
BusinessCoalElectricityNatural GasNewsSolar

Carlyle explores sale of electric power producer Cogentrix, FT reports

Cogentrix, which was bought by Carlyle from Goldman Sachs in 2012, has more then 70 gas, coal, solar and other renewable assets.

FILE PHOTO: The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCarbon ManagementLabourNewsOil

Workers at Shell’s Scotford facility in Canada move to set up strike vote

The union representing workers at Shell's Scotford refinery in Canada says members have applied to the Alberta labor regulator for a strike vote...

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