Under the plans, gas can be classed as a sustainable investment if “the same energy capacity cannot be generated with renewable sources” and plans are in place to switch to renewables…Continue readingEU votes to class gas and nuclear as green
Tag: gas
Shell has become the latest international partner in the expansion of the world’s largest liquefied natural gas (LNG) project in Qatar as global demand for the fuel soars. Europe’s biggest oil…Continue readingShell signs up to Qatar project as LNG demand booms
The WA Environment Protection Authority (EPA) advised the state government it should give the greenlight to oil and gas giant Woodside Energy to run its North West Shelf gas development in…Continue readingWestern Australia’s EPA urges 50-year extension of country’s most polluting gas project
US liquefied natural gas (LNG) producers have announced a string of deals to boost exports. Cheniere Energy, the biggest American exporter, said it had reached a final investment decision to push…Continue readingUS gas exporters sign flurry of deals
The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output. Berlin and Vienna made…Continue readingDutch join Germany, Austria, in reverting to coal
Germany will significantly increase its use of coal to preserve energy supplies ahead of the winter, as Russian cuts to gas exports threaten shortfalls in Europe’s largest economy. Russia cut capacity…Continue readingGermany fires up coal plants to avert gas shortage as Russia cuts supply
QatarEnergy signed a partnership deal with TotalEnergies for the North Field East expansion of the world’s largest liquefied natural gas (LNG) project, and said more partners would be announced in the…Continue readingQatarEnergy signs deal with TotalEnergies for North Field East
Tanzania has signed a framework agreement with Norway’s Equinor and Britain’s Shell that will bring them closer to starting construction on a $30 billion project to export liquefied natural gas (LNG).…Continue readingTanzania signs natural gas deal with Equinor and Shell
Oil and gas is back in fashion — at least on the stock market. Soaring fossil fuel prices, pushed higher by Russia’s invasion of Ukraine, have helped the shares of the…Continue readingOil and gas back in vogue for retail investors
Venture Global LNG has said it will build one of the US’s largest new liquefied natural gas export plants on the Louisiana coast, the first such project to be approved since…Continue readingVenture Global to build $13 billion LNG plant on US Gulf coast
The Finnish company said the move by Russia would not cause disruptions in supplies. “It is highly regrettable that natural gas supplies under our supply contract will now be halted,” Gasum…Continue readingRussia to cut gas supplies to Finland on Saturday: Gasum
Qatar and Germany have signed a declaration to deepen their energy partnership, with a focus on trade in hydrogen and liquefied natural gas (LNG), as Europe’s biggest economy looks for alternative…Continue readingGermany, Qatar sign energy partnership agreement
The outgoing head of Australia’s offshore oil and gas regulator has helped hand out awards to fossil fuel companies, including Santos, Inpex and Beach Energy, prompting criticism the body could be…Continue readingAustralia’s oil and gas regulator criticised after chief hands out environmental ‘excellence’ awards at industry dinner
America’s shale oil companies are enjoying a cash bonanza, as soaring oil prices and months of capital restraint transform the fortunes and balance sheets of a sector once notorious for debt-fuelled…Continue readingUS shale companies enjoy ‘tsunami of cash’ on high oil prices
An investor group, led by BlackRock, acquired a 49% stake in Aramco Gas Pipelines Co. in a lease and leaseback deal in December, according to a statement. The consortium also comprised…Continue readingSaudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion
From the U.S. to China, in Europe, India and Japan, fossil fuels are staging a comeback, clean energy stocks are taking a hammering, and the prospects for speeding the transition to…Continue readingThe great climate backslide: How governments are regressing worldwide
25 European banks have provided $US33 billion (£24 billion) in loans and other financing to 50 companies with large oil and gas expansion plans, less than a year since pledging to…Continue readingEurope’s biggest banks provide £24 billion to oil and gas firms despite net zero pledges
The European Commission has been accused of undermining its climate goals after it defied critics by pushing ahead with plans to include gas and nuclear in an EU guidebook for “green”…Continue readingEU includes gas and nuclear in guidebook for ‘green’ investments
/cloudfront-us-east-2.images.arcpublishing.com/reuters/J4UIL5EZ3VNEJHP4YFCP53UFG4.jpg "Norway to keep searching for oil and gas")
A minority coalition of the Labour Party and the rural Centre Party will take power after defeating the Conservative-led government in last month’s election. “The Norwegian petroleum industry will be developed,…Continue readingNorway to keep searching for oil and gas
Nord Stream 2 gas pipeline, shown as the dashed line in the image below, was connected on September 10, 2021. The 1,230km (764 mile) long pipeline will double the capacity of…Continue readingRussia’s New Nord Stream 2 Gas Pipeline
Carbon dioxide emissions from the global electric power sector rebounded in the first half of 2021 to above pre-pandemic levels, according to an analysis, signalling that the world has failed to…Continue readingGlobal electric power demand returns to pre-pandemic levels
“We will supply energy to the world as long as the demand exists.”Continue readingNorway plans to continue oil exploration and drilling in coming decades
There is “no longer any realistic chance” for an orderly transition for global financial markets because political leaders will be forced to rely on “handbrake” policy interventions to cut emissions, according…Continue readingPrepare for DISORDERLY shift to low-carbon era