Monday, 10 March 2025

Focus on Fuel

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessEconomyNewsOilTrade

BP third quarter profit slumps to $2.3 billion as oil demand sags

The 30 per cent drop in profits from a year earlier comes amid a slowdown in global economy activity and oil demand, particularly...

A decade after the Cuban government said it aimed to produce 24 percent of its electricity from renewables by 2030, the Caribbean island has made little progress, as evidenced by nationwide blackouts caused by a power grid failure (AFP)
AnalysisBiofuelsElectricityIndigenousIndustryInfrastructureSolarWind

Cuban blackout highlights urgency of boosting renewables: experts

Cuba's recent blackout highlights its struggle to transition from outdated oil-fired power plants to renewables amid severe economic strain.

FILE PHOTO: 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
EconomyNewsOilPoliticsTrade

US seeks up to three million barrels of oil for emergency reserve

The U.S. seeks up to three million barrels for the Strategic Petroleum Reserve, but funding issues may limit future purchases.

The consultation will run until November 26 (PA)
BusinessElectricityFuelNewsPolitics

Views sought on reforms to Scotland’s energy infrastructure planning

A consultation on proposed changes has been launched to make the system for considering large energy projects in Scotland more efficient.

FILE PHOTO: The TotalEnergies logo sits on the company's headquarters skyscraper in the La Defense business district near Paris, France, June 26, 2023. REUTERS/Stephanie Lecocq/File Photo
BusinessElectricityInfrastructureManufacturingNatural GasNewsSolar

QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq

QatarEnergy takes a 50 per cent stake in TotalEnergies’ 1.25 GW solar project in Iraq, aiming to boost Iraq’s power supply by 2027.

AgricultureAnalysisCarbon ManagementEmissionsEmissions MarketsIn-DepthVoluntary Carbon Markets (VCMs)

Crushed rock spread across Ontario fields in new push to capture carbon

A carbon capture partnership in Ontario is harnessing crushed rock to remove CO2 from the air and store it in soil.

FILE PHOTO: Smoke billows from a chimney at a combined-cycle gas turbine power plant while coinciding the COP28 is being held in Dubai, in Drogenbos, Belgium December 6, 2023. REUTERS/Yves Herman/File Photo
BusinessClimate FinanceEmissionsNatural GasNewsOil

Norway’s wealth fund falls short on climate ambitions, NGO says

Norway’s $1.8T wealth fund missed climate goals, backing only 4 of 21 key shareholder proposals on emissions targets in 2024.

AnalysisCarbon ManagementEmissionsHydrogenInfrastructureOpinionRegulations

Getting carbon capture right will be hard — but that doesn’t make it optional

Building a global CO2 disposal industry by 2050 is challenging, but it's essential for meeting climate goals and curbing fossil fuel impacts.

The Coral Triangle is home to six of the world's seven marine turtle species, and acts as a feeding ground for whales and other marine mammals (AFP)
BiodiversityClimateEnvironmentLiquefied Natural GasNewsOil

Report details fossil fuel threat to ‘Amazon of the seas’

Since July 2020, satellites have spotted 793 oil slicks in the 'Coral Triangle' — one of the ocean's most biodiverse areas, and which...

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