Monday, 27 January 2025

Focus on Fuel

FILE PHOTO: Solar panels at the background as U.S. President Joe Biden speaks during a visit to Vernon Electric Cooperative in Westby, Wisconsin, U.S., September 5, 2024. REUTERS/Kevin Lamarque/File Photo
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Biden pushes out over $100 billion in clean energy grants as term winds down

Biden administration surpasses $100B in climate law grants, securing clean energy projects ahead of Trump’s term.

Enbridge Inc. raised its quarterly dividend for next year as it released its financial guidance for 2025. The Enbridge Cheecham Terminal, an oil storage terminal, southeast of Fort McMurray, Alta. is shown on Tuesday, April 23, 2024. THE CANADIAN PRESS/Amber Bracke
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Enbridge raises quarterly dividend by 3%, release financial guidance for 2025

Enbridge boosts 2025 dividend by three per cent, forecasts nine per cent earnings growth driven by strong utilization and new projects.

AnalysisClimate FinanceEmissionsEmissions MarketsGreen SteelHydrogenIndustryTrade

Could making hydrogen-based ‘green iron’ in emerging markets speed shift to green steel in developed countries?

OIES: Could setting up ironmaking plants powered by green hydrogen in developing countries support the transition to green steel?

An image of the talks' chair, Luis Vayas Valdivieso, sitting in formal wear in the middle of striking a gavel.
EnvironmentLegislationManufacturingNewsOilRegulations

US ‘disappointed’ after plastic pollution talks collapse: White House

The U.S. expressed disappointment as nations failed to reach a global plastic waste treaty, blaming a 'small group' of blockers.

Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024. Picture taken with long exposure. REUTERS/Raphael Satter/File Photo
BusinessFuelLiquefied Petroleum GasNatural GasNewsOil

Exxon weighs sale of Singapore fuel stations for $1 billion, Bloomberg News reports

The sale could help Exxon fund higher-growth projects, with energy firms and investment funds showing early interest.

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCarbon ManagementNatural GasNewsOilRegulations

Exxon talks continue on shallow-water block in Guyana auction, company says

Exxon, Hess, and CNOOC continue talks with Guyana on shallow-water block S8 amid earlier auction withdrawal confusion.

FILE PHOTO: A passenger aircraft descends to land at Heathrow Airport in London, Britain, January 5, 2022. REUTERS/Toby Melville/File Photo
AnalysisAviationEconomyEmissionsEnvironmentReportsSustainable Aviation Fuel

Airlines not switching quickly enough to green jet fuel, study says

Study finds airlines lagging on sustainable jet fuel adoption, with limited oil industry investment stalling market growth.

News ReleaseCarbon ManagementCementEmissionsNews

SLB Capturi Completes Construction of the World’s First Industrial-Scale Carbon Capture Plant at a Cement Facility

Facility will reduce emissions by up to 400,000 metric tons of CO2 annually for Heidelberg Materials ― one of the world’s largest building materials...

FILE PHOTO: Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo
BusinessEconomyLiquefied Natural GasNewsRegulationsTrade

US LNG exports to Europe surge in November on higher prices

U.S. LNG exports to Europe surged in November, with 68 per cent of shipments heading to the continent amid rising gas prices.

FILE PHOTO: A view of Duke Energy’s Marshall Power Plant in Sherrills Ford, North Carolina, U.S. November 29, 2018.  REUTERS/Chris Keane/File Photo
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Duke pauses assessment of US energy loan program ahead of Trump administration

Duke Energy pauses U.S. infrastructure loan assessment, citing uncertainty over the future of IRA funding under Trump administration.

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