Focus on Fuel
Chevron CEO says no discussions with President-elect Trump on Venezuela
Chevron maintains operations in Venezuela, aligning with U.S. policy; CEO Wirth notes Russian and Chinese firms could replace them if they exit.
Norway wealth fund hits record 20 trillion crowns
Norway's fund owns about 1.5% of all listed stocks globally.
BP seeks buyers for US natural gas pipeline system stake, sources say
BP could raise up to $3 billion from the sale of up to a 49% stake in the business.
Varo Energy in talks to buy Preem’s Swedish refineries, sources say
Varo already has stakes in refineries in Germany and Switzerland and is expanding in sustainable fuel and trading.
How will artificial intelligence transform energy innovation?
Commentary from the International Energy Agency: Artificial intelligence is an innovation that catalyses further innovation, including on energy.
Analysis: Gas price shock set to add to Europe’s industrial pain
EU gas demand is 17% below the five-year average observed during pre-pandemic years — but it is still vulnerable to price shocks.
Oil prices fall on supply glut fears despite OPEC+ output cut extension
OPEC+ has postponed planned supply increases and extended deep output cuts to the end of 2026.
Canadian oil province Alberta cleans up 5% of inactive wells in 2023
Alberta now has 79,000 wells classed as inactive versus 83,000 in 2022.
Environmentalists are headed to court over proposed oil well in vulnerable Florida watershed
Environmentalists sue to block oil drilling in Florida’s biodiverse Apalachicola watershed, citing risks to one of earth’s rare ecosystems.
Northern Ireland moves to ban fracking
Northern Ireland backs fracking ban, advancing renewable energy goals and aligning with net-zero targets; legislation in 2025.
