MEG Energy Seeks Alternatives After Rejecting $4.4-Billion Bid From Strathcona
Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month,…
Mozambique Ready to Lift Force Majeure on LNG Plant
The government of Mozambique is ready to lift the force majeure imposed on TotalEnergy’s LNG project in the country as soon as the company applies for this, the country’s energy…
KLM tests consumer appetite for SAF ticket surcharges
Dutch airline KLM is to introduce a 100% sustainable aviation fuel (SAF) surcharge on two European routes from September to test consumer appetite for higher fares. Flights from Amsterdam-London City…
ArcelorMittal scraps €1.3bn low-carbon steel plans; considers closing Steelanol plant
Steel giant ArcelorMittal has urged faster EU action as high energy prices and surging imports derail the company’s flagship decarbonisation projects in the German cities of Bremen and Eisenhüttenstadt. It…
New tech can cut LNG emissions by 60% says IEA report
New technologies can cut greenhouse gases from the liquefied natural gas (LNG) supply chain by more than 60%, according to a new report from the International Energy Agency (IEA). Reducing…
Oil Price Momentum Tanks As Trump Dithers on Iran War Call
Crude prices are technically higher today, but the market mood feels anything but bullish. WTI is clinging to $75.60 (+0.61%), but that masks a sharper intraday reversal that saw prices…
SpaceX Starship Setback Exposes Energy Gaps in $1.8 Trillion Space Race
SpaceX’s Starship prototype exploded over the Indian Ocean on Thursday during its fourth “hotfire” engine test, dramatically underscoring the immense energy stakes of Elon Musk’s space aspirations. The Raptor engines…
Iran Shifts to Single Tanker Loading for Oil Exports, Relocates Storage
Iran is maintaining crude oil supply by loading tankers one at a time and repositioning floating storage closer to Asia, two vessel tracking firms told Reuters, as the country seeks…
Pertamina Gas and Renikola team up on biogas development
Indonesia’s Pertamina Gas (Pertagas) and Malaysia-based renewables firm Renikola have signed a memorandum of understanding (MOU) to pursue biogas development across Sumatra and Kalimantan regions. The MOU was signed during…
Asia-Pacific on track to become world’s largest CO2 shipping market, says report
The Asia-Pacific region is set to become the world’s largest carbon dioxide shipping market, driven by vast distances between emission sources and offshore storage sites, according to a new CCUS…
