(Reuters) – The chief executive of oil giant Saudi Aramco, said on Tuesday this year’s COP28 U.N. climate conference should focus on cutting emissions from hydrocarbons, rather than reducing their production. CEO Amin Nasser was speaking at the Energy Intelligence Forum in London, ahead of the climate conference which is due to begin in Dubai …

Saudi Aramco CEO: COP28 Should Focus on Cutting Fossil Fuel Emissions, Not Output Read More »

Shell Plc Chief Executive Officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” despite shifting focus toward its core oil and gas businesses. The challenge in the transition to cleaner energy sources is affordability, Sawan said in an internal townhall meeting on Tuesday, according to people who attended. Under Sawan, …

Shell’s CEO Reassures Staff That He Believes in Climate Action Read More »

Climate tech is no longer a bright spot in a challenging investment landscape. Private market equity and grant funding for climate tech startups globally totaled $65 billion in the 12 months ending Sept. 30, 2023 according to a new report from PricewaterhouseCoopers LLP. That marks a more than 40% decrease compared to the same period …

Climate Tech Investing Slides More Than 40% Over Past 12 Months Read More »

Global demand for liquefied natural gas is likely to prove stronger than expected and the current pipeline of projects won’t be enough to keep up, according to one of Japan’s top traders of the fuel. “Announced projects in the world still won’t make up for the supply needed when considering the energy transition that will take …

World Lacks Enough LNG for Energy Transition, Key Trader Says Read More »

By Bruno Venditti Graphics/Design: Sabrina Lam Courtesy of Visual Capitalist – See More From Visual Capitalist HERE What is the Cost of Electric Vehicle Batteries? The cost of an electric vehicle (EV) battery pack can vary depending on composition and chemistry. In this graphic, we use data from Benchmark Minerals Intelligence to showcase the different costs of battery …

Visualized: What is the Cost of Electric Vehicle Batteries? Read More »

Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors. Shares of the company rose as high as 2,763 pence in London on Monday, marking a threefold increase from the pandemic-era low of 878.3 pence three years ago. The …

Shell Hits Record as New CEO Makes Most of High Oil Prices Read More »

HOUSTON, Oct. 16, 2023 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an operational and financial update, including production and sales volumes for the third quarter 2023 and its increased cash and cash equivalents balance as of September 30, 2023. Highlights and Key Items: Strong operational performance …

VAALCO Energy, Inc. Provides Operational and Financial Update Including Production and Sales Volumes for Third Quarter 2023 Read More »

The energy industry is one of the most challenging and rewarding sectors for engineers. They work on complex projects that involve high-risk activities and cutting-edge technologies. However, these projects also pose significant safety hazards for workers, such as fire, risk of exposure to chemicals, and high-pressure wells. Engineers need to apply engineering and technical solutions to ensure …

3 Ways to Enhance Energy Industry Safety! Read More »

The US wants to tighten sanctions on Russia and Iran. Doing both at once would carry significant political risks for President Joe Biden as he heads into the 2024 election.In the wake of Hamas’s surprise attack on Israel on Saturday US Treasury Secretary Janet Yellen said new measures against Iran were possible. The Islamic Republic supplies Hamas …

Biden Can’t Squeeze Iran and Russian Oil at Same Time Read More »

(Reuters) – U.S. energy firms this week added the most oil rigs since March, boosting the oil and gas rig count for the first time in four weeks, energy services firm Baker Hughes  said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose three …

U.S. Drillers Add Most Oil Rigs in a Week Since March – Baker Hughes Read More »