Thursday, 6 February 2025

Focus on Fuel

Natural gas emits less carbon dioxide than most other fossil fuels, but methane leaks from the gas industry are a key component of climate change (AFP)
AnalysisEmissionsFuelLiquefied Natural GasNatural GasReports

Asia gas expansion threatens green transition: report

Southeast Asia has existing plans that project a doubling of gas-fired power capacity, and an 80 percent increase in LNG import capacity.

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
BusinessFuelNewsOil

Oil dips on concerns about demand, U.S stockpiles data awaited

Oil prices eased after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. REUTERS/Mike Blake/File Photo
BusinessFinanceNewsOil

Chevron shareholders re-elect all directors, CEO confident on Hess deal

Chevron shareholders rejected all four proposals brought forward by investors, with 98% voting against reporting about the risks from voluntary carbon-reduction commitments and...

FILE PHOTO: ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceNewsOil

Shell, Exxon near deal to sell North Sea assets to Viaro, sources say

The sale of the Clipper and Leman Alpha field clusters would mark the latest step in a steady retreat of major oil and...

BusinessNewsOil

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt

ConocoPhillips buys Marathon Oil in latest consolidation of US oil market.

FILE PHOTO: An exhibition booth of Tellurian is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessFuelLiquefied Natural GasNews

Aethon Energy to buy Tellurian upstream assets for $260 million

Aethon's Tellurian deal to buy two million tons of LNG a year comes as a boost to the developer's Driftwood project.

Climate campaigners have warned ministers to reject plans to extend a power plant in Aberdeenshire. (John Giles/PA)
Carbon ManagementEmissionsInfrastructureNatural GasNewsPolitics

Campaigners urge rejection of new gas-burning power plant in Scotland

Expansion of Scottish power station includes new gas burning, but operators say carbon capture plant will slash emissions.

FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/file photo
BusinessNewsOil

ConocoPhillips in advanced talks to buy Marathon Oil, FT reports

Conoco-Marathon deal values the oil company at a little over $15bn, though negotiations could still falter, in latest consolidation of US market.

ExxonMobil's aggressive posture towards climate activists has drawn criticism from Norway's sovereign wealth fund and others (GETTY IMAGES NORTH AMERICA)
BusinessEmissionsIndustryNewsOil

Exxon plays hardball against climate NGOs. Will investors care?

Exxon annual meeting presents a chance for shareholders to show support for or against the company's treatment of activist group Follow This.

A worker loads pipe just west of Morden, Man., Thursday, Aug. 16, 2018.  THE CANADIAN PRESS/John Woods
FuelNewsOilTransmission

Key Manitoba pipeline partially fixed as repairs continue, province says

The Manitoba government says Imperial Oil has safely restored service to one of two fuel lines that were shut down in March due...

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