BP Reveals Another Discovery Offshore Egypt
In a release posted on its site recently, BP revealed another discovery offshore Egypt. The company outlined in the release that it “encountered four prospective Messinian gas reservoirs, with a total…
U.S. Supreme Court Rules In Favor Of Climate Lawsuits
The U.S. Supreme Court on Monday rejected a bid by Republican-led states to block lawsuits brought by Democratic-led states seeking to hold oil and gas companies accountable for climate change.…
Jeff Currie: The World Has Reached Peak Oil Trade
Global trade in fossil fuels peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable energy and nuclear power, Carlyle Group’s Jeff Currie…
Baker Hughes Dashes Hopes That Oil Producers Will Increase 2025 Spending
U.S. oil and gas producers are likely to boost output primarily from improved efficiencies rather than new drilling and higher spending, Baker Hughes (NYSE:BKR) chief executive Lorenzo Simonelli told Reuters…
Trump Eyes Metal Refineries on Military Bases
President Donald Trump has plans to set up metal refining facilities on the sites of U.S. military bases in a bid to increase domestic production of critical minerals, reducing reliance…
Spiritus secures $30m to scale its direct air capture tech
US-headquartered climate tech company Spiritus has secured $30m in Series A funding to expand its carbon removal technology. The round was led by Aramco Ventures with participation from Khosla Ventures,…
Video: “The supply chain is the biggest challenge – and opportunity”
Dr David Hart, Global Hydrogen Lead at ERM, and Roger Sayah, General Secretary of the Middle East Gases Association (MEGA), discuss the biggest challenges and opportunities for the Middle East…
Europe approves hydrogen funding for Austria and Lithuania
The European Commission is supporting electrolyser and hydrogen development in Austria and Lithuania through state aid funding worth €400m and €36m respectively. The approved schemes, under the European Hydrogen Bank’s…
Decarbonisation tech “highly inflationary,” warns BlackRock CEO
The current cost of decarbonising technologies is still high, and therefore highly inflationary, according to Larry Fink, CEO and Chairman of BlackRock, the US multinational investment company that manages over…
Decarbonisation tech “highly inflationary” warns BlackRock CEO
The current cost of decarbonising technologies is still high, and therefore highly inflationary, according to Larry Fink, CEO and Chairman of BlackRock, the US multinational investment company that manages over…


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