Focus on Fuel
Galp says field off Namibia could contain 10 billion barrels of oil
Portuguese company finds high potential for oil extraction after exploring Mopane field oil wells.
Ukraine drone attack sets ablaze Russian fuel depot, hits susbtations, Kyiv source says
The overnight attack, which was confirmed by the defence ministry in Moscow, comes amid a Russian airstrike campaign that has battered Ukraine
China’s imports of Russian oil near record high in March
China's oil imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81m metric tons
Climate targets group’s CEO to ease concerns over carbon offset plan
The CEO of the SBTi sought to reassure critics' concerns over the plan to allow companies to use carbon credits to offset greenhouse...
TC Energy reduces pressure on Alberta pipeline segment as rupture investigation continues
TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues...
Honda to invest $80M in Brazil by 2030, develop hybrid-flex vehicle
Japanese automaker Honda aims to develop a hybrid-flex vehicle in Brazil — the latest in a series of fresh investments by automakers such...
EPA allowing summer sales of higher ethanol gasoline blend, citing global conflicts
The U.S. Environmental Protection Agency announced an emergency waiver that will exempt gasoline blended with 15% ethanol from an existing summertime ban.
US to launch carbon offset guidelines to boost integrity
New U.S. guidelines for the use of carbon offsets inside and outside of government meant to build confidence in the market and ensure...
US EPA allows temporary expansion of higher-ethanol gasoline blend
The Environmental Protection Agency will expand sales of higher-ethanol blends of gasoline to reduce potential supply disruptions amid global conflicts
Oilfield firm SLB’s profit rises on international drilling demand
Strong oil and gas drilling demand in the Middle East and Africa helped offset weakness in North American activity
