Friday, 21 February 2025

Focus on Topics

FILE PHOTO: View of entrance to Norway's central bank in Oslo, April 20, 2023. REUTERS/Victoria Klesty/File Photo
ElectricityNewsOffshore WindWind

Norway’s wealth fund sticks to investments in renewables despite market setbacks

The fund sees offshore wind as still the best strategic target, as it is Europe-based and offers a large series of partners.

FILE PHOTO: Wind turbines are surrounded by fog at a wind farm in the mountains of Galicia region, near Vilalba, Spain March 20, 2024. REUTERS/Nacho Doce/File Photo
ClimateElectricityEmissionsFuelHydrogenInfrastructureNewsSolarStorageTransmissionUtilitiesWind

Global energy transition investment exceeded $2 trln last year, report shows

Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed.

FILE PHOTO: Britain's Prime Minister Keir Starmer speaks during the Prime Minister's Questions at the House of Commons in London, Britain, January 29, 2025. ©House of Commons/Handout via REUTERS/File Photo
ClimateEmissionsLegislationNewsPoliticsUnited Nations

Britain submits plans to hit emissions-cutting target

Starmer raised Britain's climate targets at COP29, pledging to cut greenhouse gas emissions by 81% by 2035.

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. in an agreement that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility. A Shell logo is seen at a gas station in London, on March 8, 2022. THE CANADIAN PRESS/AP/Frank Augste
BusinessCarbon ManagementFuelLiquefied Natural GasNewsOil

Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility

The deal will boost Shell's interest in the upgrader and carbon capture facility to 20 per cent.

FILE PHOTO: Tesla electric vehicles use a Tesla supercharging station in Union City, New Jersey, U.S., July 23, 2024.  REUTERS/Eduardo Munoz/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

Tesla expects capital expenditure to exceed $11 billion in 2026, 2027

The company had said in October it expected spending to be between $8 billion and $10 billion in 2026.

FILE PHOTO: Workers walk along a tunnel at Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile July 30, 2024. REUTERS/Fabian Cambero/File Photo
Critical MineralsMineralsMiningNews

Chilean miner Codelco to use recycled material for ball milling at El Teniente mine

The move is part of efforts by the world's largest copper producer to cut its greenhouse gas emissions by 25% by 2030.

The two North Sea oil and gas fields were originally approved by the previous Conservative government (AFP)
BusinessCourtsFuelNatural GasNewsOilPolitics

Scottish court rules against two new North Sea oil and gas fields

Environmental campaigners called the court's decision a "historic win".

Shell's net profit reached $16.1 billion last year (GETTY IMAGES NORTH AMERICA)
BusinessFinanceFuelNatural GasNewsOil

Shell annual profit drops to $16 bn as oil prices fall

In late 2024, Shell announced it was cutting hundreds of jobs from its oil and gas exploration division to reduce costs.

FILE PHOTO: The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
BusinessElectric Vehicles (EVs)FinanceNewsTransport

Tesla shares rise in Frankfurt despite earnings miss

Tesla's market value has jumped with the election of U.S. President Donald Trump, a close ally of CEO Elon Musk.

FILE PHOTO: An aerial view of the machinery at the coal terminal of Huanghua port, in Hebei province, China February 1, 2023. China Daily via REUTERS/File Photo
CoalFuelMineralsMiningNews

Column-China’s iron ore and coal imports ease in January, but prices diverge: Russell

China, the world's largest producer, consumer and importer of coal, may need less from the seaborne market as domestic supplies increase.

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