Sunday, 19 January 2025
A sign is seen at the entrance of the convenience store of a gas station as Tropical Storm Francine intensifies and is on track to become a hurricane before its expected landfall on the U.S. Gulf Coast, in Morgan City, Louisiana, U.S. September 10, 2024.  REUTERS/Marco Bello
BusinessClimateEnvironmentLiquefied Natural GasNews

US Gulf Coast residents flee, oil production shut as Francine intensifies

Energy companies began evacuating offshore workers and shut-in output at several production platforms ahead of the storm.

The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo
BusinessNewsOilWeather

US oil firms evacuate staff, cut drilling ahead of Storm Francine

U.S. Gulf oil producers evacuate staff, halt output as Tropical Storm Francine threatens Texas and Louisiana coasts.

News Release

Palantir and bp Agree to 5-Year Strategic Relationship With New AI Capabilities

DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE:PLTR) and bp (NYSE:BP) have announced an enterprise agreement that will extend their strategic relationship and introduce new artificial...

News Release

Mantel Secures $30 Million to Bring Low Cost, Energy Efficient Carbon Capture to the Heavy Industrial Sector

With backing from leaders in the energy industry, the company is scaling its molten borate carbon capture technology, which could cut costs by...

FILE PHOTO: The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCarbon ManagementEmissionsNews

Shell, Eni lead funding round for carbon tech firm Mantel Capture

Oil giants join early stage funding round for Mantel carbon capture technology, which uses molten salts to cut emissions.

FILE PHOTO: A general view of the Equinor's Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins/File Photo
BusinessCourtsFuelNatural GasNewsOilPolitics

Norway seeks to end climate injunction against three oilfields

Norwegian government hopes appeals court will lift injunction on developing fossil fuel projects after ruling was temporarily put on hold.

Azerbaijan is among the 20 biggest net oil exporters and the 12th largest for gas, according to 2022 figures (AFP)
AnalysisCoalElectionsNatural GasOil

Azerbaijan: a country steeped in hydrocarbons

Azerbaijan, which holds early legislative elections on Sunday, is a country in the Caucasus region with a historical relationship with hydrocarbons, which account...

ExxonMobil said it expects global oil demand to remain above 100 million barrels per day in 2050 (AFP)
News

ExxonMobil expects global oil demand near current levels in 2050

ExxonMobil projects global oil demand will plateau above 100 million barrels per day by 2050, driven by population growth.

FILE PHOTO: An oil field is seen in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. REUTERS/Alaa Al-Marjani/File Photo
BusinessFuelNatural GasNewsOil

BP-Iraq deal on Kirkuk fields to use profit-sharing model

Iraq and BP have signed a preliminary deal to develop Kirkuk's oil fields on a profit-sharing basis, marking BP's return after five years.

Senegalese President Bassirou Diomaye Faye, who swept to victory in March on a promise of radical reform, has declared an audit of the oil, gas and mining sectors (AFP)
ElectionsFuelNatural GasNewsOilPoliticsTrade

Senegal sets up commission to review oil and gas deals

Prime Minister announces commission to 'rebalance' fossil fuel contracts 'in the national interest', after promises made before March election.

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