Friday, 21 February 2025

Focus on Fuel

FILE PHOTO: Wind turbines are surrounded by fog at a wind farm in the mountains of Galicia region, near Vilalba, Spain March 20, 2024. REUTERS/Nacho Doce/File Photo
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Global energy transition investment exceeded $2 trln last year, report shows

Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility. A Shell logo is seen at a gas station in London, on March 8, 2022. THE CANADIAN PRESS/AP/Frank Augste
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Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility

The deal will boost Shell's interest in the upgrader and carbon capture facility to 20 per cent.

The two North Sea oil and gas fields were originally approved by the previous Conservative government (AFP)
BusinessCourtsFuelNatural GasNewsOilPolitics

Scottish court rules against two new North Sea oil and gas fields

Environmental campaigners called the court's decision a "historic win".

Shell's net profit reached $16.1 billion last year (GETTY IMAGES NORTH AMERICA)
BusinessFinanceFuelNatural GasNewsOil

Shell annual profit drops to $16 bn as oil prices fall

In late 2024, Shell announced it was cutting hundreds of jobs from its oil and gas exploration division to reduce costs.

FILE PHOTO: An aerial view of the machinery at the coal terminal of Huanghua port, in Hebei province, China February 1, 2023. China Daily via REUTERS/File Photo
CoalFuelMineralsMiningNews

Column-China’s iron ore and coal imports ease in January, but prices diverge: Russell

China, the world's largest producer, consumer and importer of coal, may need less from the seaborne market as domestic supplies increase.

Energy authorities say quick action is needed to fill the gap left by shuttered coal-fired power stations (AFP)
ClimateCoalElectricityEmissionsFuelNewsSolar

Australia says reliance on coal-fired power drops to record low

Renewable energy sources supplied a record 46 percent of electricity in the quarter third, peaking at 75.6 percent on November 6.

FILE PHOTO: An oil pump of IPC Petroleum France is seen at sunset outside Soudron, near Reims, France, August 24, 2022. REUTERS/Pascal Rossignol/File Photo
BusinessFuelNewsOil

Oil steady as markets await clarity on tariffs by Trump on Canada, Mexico

Analysts say traders have already priced in Trump's tariffs: "(this is) a major reason why crude oil is trading where it is."

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

Louisiana’s Argent LNG sets deal with government of Bangladesh

Argent LNG's 5M-ton Bangladesh deal marks first major U.S. LNG pact under President Donald Trump's pro-energy push.

FILE PHOTO: Russian President Vladimir Putin attends a press conference following the Collective Security Treaty Organisation (CSTO) summit in Astana, Kazakhstan, November 28, 2024. Sputnik/Ramil Sitdikov/Kremlin via REUTERS/File Photo
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Putin says he and Trump should meet to discuss Ukraine and energy prices

Putin seeks a meeting with Trump to discuss Ukraine and energy, but insists Zelenskiy must lift his ban on talks first.

People run as smoke rises from an explosion during what the governor of Russia's Ryazan region southeast of Moscow describes as an air attack, in Ryazan, Ryazan Region, Russia in this still image obtained from social media video released January 24, 2025. Social Media/via REUTERS
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Ukrainian drones hit big Russian oil refinery at Ryazan, sources say

Ukrainian drones strike Russian oil refinery in Ryazan, sparking fire, damaging key units processing five per cent of Russia's oil.

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