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(Reuters) – Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. Methane, the main component of natural gas, is a much more potent driver of global warming in …
Mexico’s Pemex Put Off Repairs Despite Vast Methane Leak Read More »
Last segment goes through hard rock in rugged B.C. terrain Bloomberg News The startup date for Canada’s mega oil pipeline should be known within weeks as Trans Mountain Corp. drills through hard rock in British Columbia’s rugged Fraser Valley for the final stretch of the 1,150-kilometre conduit. “The next few weeks will be very important in terms …
Canada’s Trans Mountain Expansion Startup Date Hangs on Final 2.5-Km Leg Read More »
Attacks on refineries have both symbolic and strategic goals Kyiv plans to send ever-increasing swarm of drones into Russia Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least nine major refineries have been successfully attacked this …
Ukraine’s Drone Strikes on Russian Oil Refineries Mark New Phase in War Read More »
March 18 (Reuters) – Global demand for liquefied natural gas (LNG) is picking up due to a recent fall in prices, Shell CEO Wael Sawan said on Monday at a conference in Houston. The LNG market will be well supplied in the second half of the decade, he added. The CEO of rival TotalEnergies on …
Global LNG Demand is Picking up Due to Low Prices – Shell CEO Read More »
Global oil demand will not peak for some time so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing out the fossil fuels, Saudi Aramco CEO Amin Nasser said on Monday. The head of the world’s largest energy company urged a re-set of global energy …
Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come Read More »
Adnoc to supply SEFE with 1 million tons of LNG per year Supply from Adnoc’s planned Ruwais LNG plant to start in 2028 The United Arab Emirates agreed to sell liquefied natural gas to Germany for 15 years starting 2028, in a deal that further cements Europe’s fossil fuel use and underpins the Middle Eastern country’s plan …
UAE in 15-Year Germany Gas Deal in Boost to Energy Security Read More »
Argentina, inside South America’s so-called “lithium triangle”, is one of the world’s top producers of the metal that is key for the batteries needed to power electric vehicles. A local company spokesperson declined to comment. The ruling, shared with Reuters on Thursday, comes after a case presented in 2021 by a chief of the Atacameños …
Argentine Court in Key Lithium Region Halts New Permits Over Environmental Concerns Read More »
Shell weakens 2030 carbon emissions reduction target Summary Shell scales back 2030 emissions target Scraps 2035 target Introduces target to cut emissions from oil product sales (Reuters) – Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition …
Shell Weakens 2030 Carbon Emissions Reduction Target Read More »
NewMed says firms still interested in the deal despite pause Suspension due to uncertainty in the external environment Bloomberg News BP Plc and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region. The suspension …
BP, Adnoc Suspend $2 Billion Israel Gas Deal as War Rages Read More »
Sticks to 2024 oil demand growth forecast of 2.25 mbpd OPEC Feb output rises 203,000 bpd despite new OPEC+ cuts IEA to publish updated forecasts on Thursday OPEC, IEA at most divided on oil demand since at least 2008 LONDON, March 12 (Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth …
OPEC Sticks to Oil Demand View, Nudges Up Economic Growth Read More »
