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The pace at which global energy demand is growing means that alternatives cannot replace oil at the necessary scale writes OPEC Secretary General Haitham Al Ghais. Rather than calling for an end to oil, the focus should be on reducing emissions. OPEC Secretary General Haitham Al Ghais A recent report on oil demand by The …
French oil major TotalEnergies is “seriously” looking at a possible listing in New York, Chief Executive Patrick Pouyanne told analysts on Friday, to move closer to a majority of U.S.-based shareholders. The Paris-based company says it has 47% of institutional shareholders in the United States, and 39% of all global shareholders are located there. “We …
TotalEnergies Looking at Primary Listing in New York, Says CEO Read More »
President Aliyev commits to boosting investments in gas Country also touts its rollout of green energies this decade Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing gas production in order to feed demand from Europe as its president said that its abundant fossil fuels were a “gift of the …
COP29 Host Azerbaijan Says Its Fossil Fuel Is ‘Gift of the Gods’ Read More »
Energy executives warn that it will be a long and costly journey, while activists and analysts say there are significant rewards and little time to waste. The nations of the Gulf know that the world’s shift to cleaner energy could change everything: Their economies today depend on demand for oil and gas, and their efforts …
Goldman Sachs on Tuesday said it expects further moderation in the still-elevated geopolitical risk premium of $5-10 per barrel for crude oil in the coming months, and maintained its range-bound view, with a $90 per barrel ceiling on Brent. Oil prices slipped on Tuesday, a day after touching their lowest levels in more than three …
Goldman Expects Geopolitical Risk Premium to Moderate, Maintains $90/bbl Brent Ceiling Read More »
By Clyde Russell (Reuters) – China’s dominance of global electric vehicle production and sales is an established fact, but a new International Energy Agency (IEA) report points to the country extending its influence in autos across the fast-growing economies of Asia. The IEA’s Global Electric Vehicle (EV) Outlook 2024 report, released on Tuesday, shows that China …
China’s EV Strategy of Going Small and Cheap to Pay Big Dividends in Asia Read More »
TotalEnergies SE agreed to buy Sapura Energy Bhd.’s 50% stake in Malaysian natural gas producer SapuraOMV Upstream Sdn for $530 million, reaffirming its recent bet in the southeast Asian nation. The French energy giant’s announcement on Monday comes less than three months after it agreed to buy OMV AG’s 50% stake in SapuraOMV for $903 million, including the transfer of a …
TotalEnergies to Buy Sapura Energy Gas Assets for $530 Million Read More »
(Reuters) – Denmark on Monday launched its biggest offshore wind tender to date, offering no subsidies to companies competing for the right to erect turbines on six sites with a combined capacity of up to 10 gigawatt (GW), the energy and climate ministry said. The wind farms, to be completed by 2030, are crucial if …
Denmark Launches its Biggest Offshore Wind Tender Read More »
Global flight activity passed pre-pandemic levels for the first time in four years last week, but jet fuel demand growth has not kept apace as newer fleets of aircrafts become more fuel efficient and carry more passengers. Aviation fuel, a product refined from crude oil, has been the single biggest contributor to oil’s post-pandemic bonanza, …
Jet Fuel Demand Growth Lags as Air Traffic Exceeds Pre-Pandemic Level Read More »
New CEO Auchincloss seeks to simplify BP’s corporate structure Retiring gas and power chief Dotzenrath is replace by Lin BP Plc restructured its top management as the departure of some executives allowed new Chief Executive Officer Murray Auchincloss to put his mark on the oil and gas giant. The executive leadership team will be reduced to 10 members …
BP Reshapes Its Leadership Team as Some Executives Leave Read More »
