TC Energy’s Coastal pipeline fined again for environmental non-compliance
The Government of British Columbia has fined a subsidiary of TC Energy, Coastal GasLink, C$590,000 for ten additional penalties relating …
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UK Government buys National Grid’s electricity system operator for $828m
The UK Government has agreed to buy the National Grid’s Electricity System Operator (ESO) for £630m ($827.95m) to “support energy …
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ExxonMobil joins forces with Mitsubishi for hydrogen plant in Texas, US
ExxonMobil has signed a project framework agreement with Japan’s Mitsubishi for participation in its proposed hydrogen and ammonia facility in …
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Gevo to acquire Red Trail Energy’s assets for $210m
Gevo is set to enhance its net-zero fuel production capabilities with the signing of a definitive agreement to acquire Red …
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Nigerians go to court and want $310m from Shell, and halt an asset sale
Nigerian communities are seeking N505bn ($310m) in compensation from Shell, alleging that the company violated an existing court order by …
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Nigerians go to court and want $310m from Shell, and halt an asset sale
Nigerian communities are seeking N505bn ($310m) in compensation from Shell, alleging that the company violated an existing court order by …
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Baker Hughes unveils CarbonEdge for better CCUS risk management
Baker Hughes has launched CarbonEdge, a digital solution aimed at optimising CCUS operations. The end-to-end, risk-based platform, powered by Cordant, supports …
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Assessing Saudi Arabia’s “ambitious” renewable goals
Saudi Arabia is the second-largest crude oil producer – sitting just ahead of Russia, and below the US – with …
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Occidental’s 1PointFive receives up to $500m for direct air carbon capture hub
1PointFive, the carbon capture, utilisation and sequestration unit of US oil company Occidental, has secured funding of up to $500m …
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PTT International Trading signs contract to purchase LNG from Oman
PTT International Trading, the trading arm of Thailand's state-owned oil and gas company, PTT, has entered into a five-year agreement …
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China oil demand slowdown prompts IEA to cut oil growth forecast
The International Energy Agency (IEA) has cut its 2024 oil growth forecast by 7.2% to 900,000bpd, a decrease of 70,000bpd …
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Saudi Arabia’s oil exports into China likely to rise 7% in October
China is likely to see a 7% monthly increase in Saudi Arabian oil imports in October, as the kingdom cuts …
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Crude oil production will improve Uganda’s economic growth, IMF says
The start of commercial crude oil production in Uganda is expected to result in economic growth surpassing 10% in the …
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Seadrill exploring opportunities to acquire assets and engage in mergers
Seadrill, an offshore drilling contractor, is actively seeking opportunities to expand through asset acquisitions or by merging with industry peers, …
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Grangemouth oil refinery confirms it will close next year
Grangemouth, Scotland's only oil refinery, has finally announced that it will cease all operations by the middle of next year, …
