Monday, 10 March 2025

Focus on Fuel

Fawley Oil Fired Power Station, Southampton, Hampshire. Government advises recommend the Government set a 81% emissions reduction target for 2035. (Gareth Fuller/PA)
Climate FinanceElectric Vehicles (EVs)EmissionsNewsPoliticsSustainable Aviation Fuel

Government advisers call for 81% cut in UK emissions by 2035

The British government is preparing to unveil plans for cutting emissions by 2035 under the global Paris Agreement.

FILE PHOTO: Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo
BusinessNatural GasNews

Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say

Blackstone nears $3.5B deal for EQT's pipeline stakes to reduce the gas producer's debt from its Equitrans acquisition.

Activists protest against investment in fossil fuels outside of the World Bank headquarters in Washington, DC (AFP)
ClimateCoalEconomyEmissionsEnvironmentIndigenousNatural GasNewsOilPoliticsTrade

G20 affirms commitment to transition from fossil fuels

G20 leaders reaffirmed their pledge to phase out fossil fuels and accelerate climate action for net zero by 2050 after talks.

The Darvaza gas crater in the heart of the Karakum Desert has been burning for half a century (AFP)
EmissionsNatural GasNewsRegulations

Turkmenistan’s ‘Gateway to Hell’ lit gas pit faces closure

Turkmenistan to capture gas from "Gateway to Hell" crater, risking closure to curb emissions ahead of COP29 climate summit.

FILE PHOTO: The logo of Italian energy company Eni is seen at Eni's Renewable Energy and Environmental R&D Center in Novara, Italy, September 26, 2019.  REUTERS/Flavio Lo Scalzo/File Photo
BiofuelsBusinessNews

Italy’s Eni sees 2.5-billion-euro net proceeds from disposals in 2025

Eni expects 2.5 billion euros in proceeds from disposals next year, following KKR's 2.9 billion euro biofuel stake purchase.

FILE PHOTO: An oil tank and an oil pumpjack are pictured in the Permian Basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
EmissionsEnvironmentInfrastructureLegislationOilPoliticsRegulations

New Mexico studies oil drilling restrictions that would hit output, revenue

New Mexico's proposed drilling restrictions could cut 5.4 per cent of future oil output, causing billions in lost revenue, report says.

FILE PHOTO: U.S. President Donald Trump greets Harold Hamm after he was introduced by Hamm at the Shale Insight 2019 Conference in Pittsburgh, Pennsylvania, U.S., October 23, 2019. REUTERS/Leah Millis/File Photo
BusinessCarbon ManagementClimate FinanceEconomyElectionsLegislationNewsPolitics

Trump hates Biden’s climate law. His allies are making money from it

Donald Trump promises to cut Biden's climate subsidies if elected. Yet many of his allies benefit from them through clean energy investments.

BusinessEconomyHydrogenNewsOilPolitics

Cepsa to delay $3.3 billion hydrogen projects if Spain’s windfall tax made permanent

Oil companies have been among the most vocal critics of Spain's windfall tax, which has also drawn criticism from utility companies such as...

Silhouette of natural gas equipment against a sunset background.
BusinessLiquefied Natural GasNatural GasNews

Natural gas producers await LNG Canada’s start, but will it be the fix for prices?

Western Canada’s natural gas producers face low prices, hoping LNG Canada's 2024 launch will drive an increase.

The logo of Italian energy company Eni is seen at a gas station in Rome, Italy August 16, 2018.  REUTERS/Max Rossi/ File Photo
BusinessFinanceFuelNatural GasNewsOil

Italy’s Eni to boost buyback after quarterly earnings beat expectations

Eni will increase its share buyback programme to 2 billion euros, it said on Friday, after beating third-quarter profit expectations.

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