Sunday, 2 February 2025

Focus on Fuel

FILE PHOTO: Tanker trucks are seen among oil tankers docked at the port of Tuxpan, in Veracruz state, Mexico April 22, 2020. REUTERS/Oscar Martinez/File Photo
AnalysisBusinessFinanceFuelIn-DepthOil

Global refiners face profit slump as new plants come online

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, following big returns post-pandemic

BiofuelsClimateEmissionsEnvironmentNews

US generated fewer renewable blending credits in August, EPA says

About 1.32 billion ethanol (D6) blending credits were generated last month, compared to about 1.33 billion in June, the data showed.

The decision was announced last week (PA)
EconomyNewsOilPoliticsRegulations

Govt not ‘sleepwalking’ over Grangemouth refinery: UK’s Starmer

Prime Minister Starmer denies his government is "sleepwalking" into "industrial devastation" amid the announced closure of Grangemouth.

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo
BusinessNewsOilPoliticsTrade

Shell faces delay in German refinery stake sale, sources say

Shell's German refinery sale held up by third party lawsuits, including by Russian majority shareholder Rosneft.

FILE PHOTO: A man cycles past a chimney giving off emissions in an industrial area of Singapore January 5, 2016. REUTERS/Tim Wimborne/File Photo
BusinessClimateEmissionsFuelIndustryNatural GasNewsOil

Upstream electrification can cut oil and gas production emissions by more than 80%, report says

Researchers say fully electrified oil rigs and other fossil fuel assets emit 86% less carbon dioxide per barrel.

Hydrogen Molecules Against Blue Background
AnalysisHydrogenReports

Can natural hydrogen become a sustainable energy source for the future?

Natural hydrogen has potential as a low-cost, low-carbon energy source, but significant challenges remain.

Pumpjacks draw out oil and gas from a well heads as wildfire smoke hangs in the air near Calgary, Alta., on Sunday, May 12, 2024. Oil and gas production hikes and rebounding air travel put a drag on Canada's climate progress last year, but a new report says the country was still able to make a modest cut to its planet-warming emissions. THE CANADIAN PRESS/Jeff McIntosh
AviationEmissionsIndustryNatural GasNewsOil

Canada makes small emissions cut in 2023, but must ramp up to hit key targets: report

New estimates published by a leading climate policy institute show Canada cut emissions by about one per cent last year compared to 2022.

In the absence of public communication from the Pathways Alliance, a clean energy think-tank says the oilsands industry group is running out of time to deliver on its emissions reduction promises. An oilsands facility is reflected in a tailings pond near Fort McMurray, Alta., on July 10, 2012. THE CANADIAN PRESS/Jeff McIntosh
BusinessCarbon ManagementClimateEmissionsLegislationNewsPoliticsRegulations

Pressure still on oilsands sector despite silence after greenwashing law: think tank

Proposed Pathways Alliance carbon capture project should still go ahead, say researchers, after company keeps quiet since imposition of Competition Act.

Rich animal life on the seabed of Loch Carron, a Scottish sea loch (Paul Naylor/PA)
BiodiversityCarbon ManagementClimateEnvironmentNews

Nature groups call for more protection of the UK’s seas as key carbon stores

The UK’s seas and coasts store hundreds of millions of tonnes of carbon, conservationists have said, as they called for better protection of...

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