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An Exxon Mobil-led oil consortium may need to decide by October whether it will go ahead and develop a large natural gas find off the coast of Guyana, the country’s vice president said on Thursday. The government has been pressing for a bonanza from mostly untapped gas reserves found by the Exxon-led group. The consortium, which …
Guyana May Reallocate Gas Areas if Exxon Does Not Move Project Forward Read More »
PARIS, May 23 – Sluggish project approvals and the fact that wind power is sold to the government, rather than directly to customers, make France less attractive than some other countries for renewable investments, according to the director of TotalEnergies France. Isabelle Patrier was speaking ahead of TotalEnergies’ inauguration on Friday of a 63-megawatt wind …
France Less Attractive for Renewable Investment than Other Countries, TotalEnergies Says Read More »
(Reuters) – Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade. Asian spot LNG prices rose last week to the highest levels since …
Shell Sees Emerging Asian Markets Taking More of World’s Growing LNG Supply Read More »
(Reuters) – Australia’s natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of companies and countries. This optimism was on full display at the industry’s annual gathering in the capital city of Western …
Australia’s LNG Sector is Long-Term Bullish, but Needs a Carbon Price Read More »
Chief executive Wael Sawan said he’s “very pleased” with the result Bloomberg News “I’m very pleased with what we’ve got” in support from investors, Shell chief executive Wael Sawan said on the sidelines of the meeting in London. “And I’m pleased that we have seen the Follow This resolution, get an even lower share of …
Shell Investors Ok Weaker Emissions Targets at Meeting Read More »
Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World Bank said in a report on Tuesday. Several countries are using a price on carbon emissions to help meet their climate goals by …
Global Carbon Emissions Pricing Raised Record $104 Billion in 2023 Read More »
(Reuters) – Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world’s biggest terminals vulnerable to flooding, researchers said on Tuesday. Melting ice and swelling seas caused by rising temperatures could “unleash unstoppable multi-metre (sea level rise) which …
Oil Shipments at Risk From Rising Sea Levels, Think Tank Warns Read More »
Sector continuing to see impact from Ukraine and Middle East New sources of natural gas need to aid transition: Meg O’Neill Energy markets will continue to be impacted by the Russian invasion of Ukraine and the Israel-Hamas conflict, according to Woodside Energy Group Ltd., Australia’s largest oil and gas producer “The fallout has been massive, and …
Conflict-Fueled Energy Swings Aren’t Over, Woodside CEO Says Read More »
Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed. Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of …
First Canadian Oil Export Cargo from Expanded Trans Mountain Pipeline Set to Load Read More »
Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far. AGROTERRA Russia seized companies belonging to agricultural group AgroTerra and placed them …
