MENA CCUS could grow to 25 Mt CO2 by 2030
Momentum is growing in the MENA’s carbon capture utilisation and storage sector and regional capture capacity could reach close to 25 million tonnes CO₂ annually by 2030, according to new…
Schneider Electric and Climeworks sign carbon removal deal
Global industrial tech firm Schneider Electric has teamed up with direct air capture (DAC) supplier Climeworks to remove 31,000 tonnes of carbon dioxide (CO2) from the atmosphere by 2039. The…
Colombia’s Ecopetrol to Drill More New Oil Wells
Colombia’s state-owned energy company Ecopetrol plans to drill between 20% and 40% more new oil wells this year than originally planned, vice president Rafael Guzman said, as quoted by Reuters.…
Oil Prices Set for Second Week of Gains
Crude oil prices were on course to close a second week of gains in a row despite declines earlier in the week on persistent worry about oversupply, despite the continued…
Ammonia tested as clean fuel in Japanese glass furnaces
Japanese manufacturer of glass bottles Nihon Yamamura Glass is shifting from city gas to ammonia as part of a research project that aims to decarbonise glass production. The company is…
USA Gasoline Price Projected to Drop Below $2.90 in 2026
In its latest short term energy outlook (STEO), which was released on September 9, the U.S. Energy Information Administration (EIA) projected that the U.S. regular gasoline retail price will average…
Video | Gas market volatility: what next for LNG?
Ana Maria Jaller-Makarewicz, Lead Energy Analyst of Europe at the Institute for Energy Economics and Financial Analysis (IEEFA) discusses the decline of LNG imports into Europe and what the future…
Citgo Refineries at Risk After U.S. Court Decision
A U.S. federal judge has ruled that defaulted bonds issued by Venezuela’s state oil company PDVSA in 2016 remain valid, strengthening creditors’ claims on Citgo, the company’s prized U.S. refining…
CEO Woods: Exxon Has No Plans to Return to Russia
ExxonMobil doesn’t plan a return to the Russian oil industry, the U.S. supermajor’s chief executive Darren Woods told the Financial Times on Thursday, noting that talks with Russia are being…
EU Eyes Faster Russian LNG Phaseout
The European Union is planning measures to accelerate the bloc’s phaseout of Russian liquefied natural gas, just days after US President Donald Trump called on the EU to do more…
