Saturday, 1 February 2025

Focus on Fuel

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessFinanceNewsOil

Citgo share auction creditors oppose terms of Elliott-affiliate’s bid

Creditors criticize Elliott's $7.3B Citgo bid, claiming it won’t cover Venezuela’s $21.3B debt from expropriations.

News ReleaseAviationSustainable Aviation Fuel

An “A” Rating for Vegreville, Alberta to Support Biomass for Future Fuel Supply

October 1, 2024  FOR IMMEDIATE RELEASE The Canadian Council for Sustainable Aviation Fuels (C-SAF), in partnership with Ecostrat, are proud to announce the designation...

FILE PHOTO: British Petrol BP price list pillar displayed petrol prices in Polish zloty (1EUR-4,5855PLN) which almost double after Russian aggression on Ukraine at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo
AnalysisBusinessFinanceOil

Big oil’s big payouts under strain as energy prices fall

By Ron Bousso LONDON (Reuters) -Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share...

FILE PHOTO: Warren Buffett, chief executive officer and chairman of Berkshire Hathaway Inc, speaks at a National Auto Dealers Association event in New York March 31, 2015. REUTERS/Brendan McDermid//File Photo
BusinessElectricityNatural GasNewsTransmissionUtilities

Berkshire Hathaway buys full control of its energy unit

Berkshire Hathaway Energy expects to complete the transactions following regulatory approvals in the current quarter.

TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company. TC Energy Corp. headquarters is shown in Calgary on Tuesday, July 30, 2024. THE CANADIAN PRESS/Todd Korol
BusinessFinanceHydropowerNatural GasNewsOilStorageTransmissionVoluntary Carbon Markets (VCMs)

TC Energy launches South Bow Corp. as independent crude oil pipeline business

TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOilPolitics

OPEC+ unlikely to change output policy at Oct. 2 panel meeting

Oil prices have fallen in 2024, pressured by concern about global demand and rising supply outside OPEC+.

TotalEnergies CEO Patrick Pouyanne and Suriname state-owned oil company Staatsolie CEO Annand Jagesar pose for a photo during a press conference after France's TotalEnergies and U.S. APA Corp announced a positive investment decision for Suriname's most promising oil and gas project, Block 58, which is expected to inaugurate the nation's offshore output, in Paramaribo, Suriname October 1, 2024. REUTERS/Ranu Abhelakh
Liquefied Natural GasLiquefied Petroleum GasNatural GasNewsOil

TotalEnergies, APA greenlight $10 billion oil and gas project in Suriname

TotalEnergies and APA approve Suriname's Block 58, launching the country's offshore oil and gas production.

Workers stand in the turbine hall of Uniper's Ratcliffe-on-Soar power station the day after it was taken offline, in Ratcliffe-on-Soar, Britain, October 1, 2024. REUTERS/Phil Noble
BusinessCoalEmissionsLabourNews

UK’s coal plant closure a milestone towards climate goals, Uniper CEO says

The closure of Britain's last coal plant is a major milestone on the path for the country to meet its climate targets: Uniper...

FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo
BusinessMaritimeNewsOilTrade

Brent oil traders use little known rule to reroute US cargoes

Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments...

FILE PHOTO: A Ferrari logo is being installed on a Ferrari car at Ferrari's new 'e-building' facility where the luxury sportscar maker is testing lines before an expected start of car production in early 2025, in Maranello, Italy, June 21, 2024. REUTERS/Daniele Mascolo/File Photo
AutomotiveElectricityEmissionsManufacturingNatural GasNewsSolarWind

Ferrari shuts down gas-fueled plant to double solar production

Ferrari shuts down methane-fueled plant to double solar power and cut CO2 emissions by 60%.

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