Shell Warns Australia Against Taxing LNG Windfall Profits

Shell says windfall taxes risk deterring future gas investment Australia’s LNG export revenues set to surge on supply shock SYDNEY, March 31 (Reuters) – Shell (SHEL.L) has warned Australia against ​introducing a windfall tax on gas exporters, saying such a move ‌would deter investment and undermine energy security as LNG prices surge following disruption to …

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What G7 Countries are Doing to Cap Energy Prices

BRUSSELS, March 30 (Reuters) – Energy prices around the world have soared after Iran closed the Strait of Hormuz in response to U.S.-Israeli attacks, leaving many Group of Seven and EU governments seeking ways to lessen the impact on their economies. Finance and energy ministers of ​the G7 – the United States, Canada, Japan, Britain, …

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EU Energy Ministers Seek to Coordinate Iran War Response

By Kate Abnett Video conference planned for 1300 GMT Tuesday Focus on gas storage, stabilising oil product markets Alarm over tightening supplies of diesel and jet fuel BRUSSELS, March 30 (Reuters) – European Union energy ministers will hold talks on Tuesday to coordinate their response to the disruption to oil ​and gas markets triggered by …

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Why Scaling Pneumatic Emissions Hinges on Simplicity

Most conversations about pneumatic emissions abatement start in the right place—a site, a device count, a vent rate, a regulatory deadline. An operator identifies a handful of facilities that need to move to zero-emissions pneumatics, evaluates the available solutions, and makes a decision. At that scale, almost any approach can technically work. The real question …

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Pentagon Preparing for Weeks of Ground Operations in Iran, Washington Post Reports

Reuters The Pentagon is preparing for weeks of ground operations in Iran, the Washington Post reported Saturday, citing U.S. officials. The plans could involve raids by Special Operations and conventional infantry troops, the Post reported. Whether President Donald Trump would approve any of those plans remains uncertain, according to the Post. The Trump administration has …

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How Iran is Seeking to Cash in on Strait of Hormuz

Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond the war By Alice Hancock in Brussels and Najmeh Bozorgmehr in Tehran Original: financialpost.com/financial-times/iran-cash-strait-of-hormuz Iran is working to establish a system of approved passage for ships through the Strait of Hormuz, a tightening of control over the crucial waterway that …

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Spiking US Diesel Prices Keep Trucking Industry Stuck in Years-Long Slump

By Lisa Baertlein US diesel prices rise due to Iran’s control of Strait of Hormuz Independent truckers slammed by flat demand, high diesel costs Big trucking firms manage fuel costs using surcharges, bulk buying LOS ANGELES, March 27 (Reuters) – The U.S.-Israeli war on Iran has sent U.S. diesel prices up 50%, delaying ‌a long-awaited …

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Oil, Gas Exploration is Back: Energy Giants Hunt to Replenish Reserves

(Reuters) – Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth in renewable …

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