Equinor cuts renewables target but holds firm on CCS
Equinor is reducing its renewables installed capacity target to 10-12 gigawatts (GW) by 2030 but maintaining CO2 storage targets of 30-50 million tonnes per year by 2035. Seeking to match…
Gevo acquires Red Trail Energy’s ethanol and CCS assets for SAF expansion
Renewable chemicals and biofuels company Gevo has acquired an ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy to expand sustainable aviation fuel (SAF) production.…
Back in Iraq: BP Puts $25B On the Table
ByJulianne Geiger– Feb 04, 2025, 1:00 PM CST BP is about to make a big bet on Iraq—again. After years of false starts, geopolitical chaos, and stalled negotiations, the British…
ADNOC Moves US Gas and Green Energy Assets to its $80-Billion Investment Firm
ADNOC Moves US Gas and Green Energy Assets to its $80-Billion Investment Firm | OilPrice.com `; document.write(write_html); } Breaking News: ByCharles Kennedy– Feb 04, 2025, 11:30 AM CST Abu Dhabi’s…
LNG fuels TotalEnergies in Q4 but annual income drops 21%
TotalEnergies’ LNG performance spurred 8% growth in Q4 but annual net income fell 21% to $18.3bn due to a sharp decline in refining margins. Integrated LNG net income and cashflow…
LNG fuels TotalEnergies in Q4 but annual income drops 21%
TotalEnergies’ LNG performance spurred 8% growth in Q4 but annual net income fell 21% to $18.3bn due to a sharp decline in refining margins. Integrated LNG net income and cashflow…
Marathon Petroleum Tops Q4 Earnings Estimates Despite Falling Refining Margins
ByCharles Kennedy– Feb 04, 2025, 10:30 AM CST Despite declining refining margins, Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported higher-than-expected earnings for the fourth quarter of 2024, driven by…
Western Europe’s Biggest Oilfield Shut Down Due to Power Outage
ByTsvetana Paraskova– Feb 04, 2025, 7:30 AM CST Following a power outage, Equinor on Tuesday suspended all production at the huge 755,000-bpd Johan Sverdrup oilfield in the North Sea, Western…
UK Considers Withdrawing $1-Billion Financing for Mozambique LNG
UK Considers Withdrawing $1-Billion Financing for Mozambique LNG | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 04, 2025, 6:30 AM CST The UK government is seeking legal advice…
Japanese Mitsui Considers Supporting a $44-Billion Alaska LNG Project
Japanese Mitsui Considers Supporting a $44-Billion Alaska LNG Project | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 04, 2025, 5:30 AM CST Japanese trading giant Mitsui, which has…
